A Totally Rad Total Rewards Glossary

Glossary of Employee Recognition, Total Rewards and Company Culture Terms

Diversity, Equity, Inclusion & Belonging (DEIB)

Diversity, Equity, Inclusion & Belonging (DEIB) refers to the practices and policies that foster a workplace culture where all employees feel valued and included, regardless of their race, gender, ethnicity, sexual orientation or any other characteristic. At its core, DEIB is about creating a sense of belonging for everyone in the workplace, where they can bring their whole selves to work and thrive both personally and professionally.

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Why is DEIB vital at work?

DEIB is critical in the workplace because it creates an environment that encourages collaboration, creativity and innovation. By prioritising DEIB in the workplace, businesses can attract and retain a diverse pool of talent, which can lead to increased profitability, better decision-making and improved employee engagement. When employees feel valued and included, they are more likely to be productive, motivated and committed to the company's mission and goals. DEIB also promotes a positive company culture, which can help attract and retain customers who share similar values.

How does DEIB affect employees?

When employees feel included and valued, they are more likely to be engaged and committed to their work, leading to increased productivity and job satisfaction. DEIB can also help employees feel comfortable sharing their perspectives and ideas, leading to more creativity and innovation. Your people deserve to feel supported, validated and cared for, which will help them stay motivated and engaged.

What are some best practices for diversity, equity, inclusion, & belonging?

One essential step is to assess your company's current practices and policies to identify areas for improvement. You can then develop a plan to address any gaps and establish metrics to track progress. It's also essential to provide training and education for employees and leaders to promote a culture of understanding and respect. Another best practice is to prioritise employee feedback and involve them in the process of creating and implementing DEIB initiatives. By actively listening to your employees' needs and concerns, you can create a more inclusive and supportive workplace culture. By incorporating these best practices, companies can create a workplace culture that prioritises DEIB and fosters a sense of belonging for all employees.