Acadian Insights
Published in

Acadian Insights

Diversity & The Future of Work — We Can No Longer Sit on the Sidelines!

Over the last 48 hours, I have watched technology CEOs, industry executives, and leading VC firms voice their outrage by the killing of George Floyd and decry racism in America. Many of their companies have made official statements and even provided financial support towards nonprofits supporting racial injustice.

I admire their efforts but frankly I think they can, and should, be doing even more to go beyond the platitudes and philanthropic donations to create more impactful change. As leaders of people and organizations, those same executives can stand up to racism by the examples they create in their own companies. I’m encourage by CEOs like Ken Frazier, Merck CEO, who spoke eloquently yesterday on CNBC about equality and companies opportunity to create change. He leads by example!

As someone who has worked with HR leaders for nearly 2 decades, I encourage all companies to make a stand through your actions. Here is a small list of 10 things you can do today!

1. Define your diversity ethos. What do you stand for? How do you think about inclusion and enable ALL employees to create economic opportunity? Companies should use their resources like the company’s website or social media platforms to make a statement.

2. Assign an executive responsible for diversity, inclusion & belonging. This person should be closely aligned with the executive team. Salesforce.com led the way a few years ago but creating a new role, Chief Equality Officer, that reports directly to CEO Marc Benioff.

3. Make all promotions & compensation structures equal. Mellody Hobson suggests we set targets and create incentives for change. In her words, “you get what you incent.” SHRM has some great content on Managing Pay Equity.

4. Create mentorship programs that connect underprivileged employees with executives. Slack has developed a program called “Rising Tides”, a six-month sponsorship program to develop diverse emerging leaders.

5. Set a standard and goals for recruiting diversity. If the NFL can do it with The Rooney Rule, you can too!

6. Make diversity training and unconscious bias education mandatory. Linkedin Learning has 2 dozen courses on diversity and inclusion including a fantastic course by Pat Wadors, Chief Talent Officer at ServiceNow.

7. Encourage employee resource groups with executive sponsorship support. ERGs have the ability to empower employee voices and socialize topics of inclusion. Just today, Airbnb published an “Activism and Allyship Guide” published by the Black Employee Resource Group.

8. Share your progress. You can’t change what you don’t measure. I admire companies like Slack, ServiceNow and Atlassian that transparently show their diversity metrics and progress over time.

9. Create a diversity scorecard and measure frequently. Give your leaders the tools to make change. Salesforce.com provides a monthly diversity scorecard for all leaders that manage teams over 500 employees.

10. Build a diverse executive team and board of directors. Nothing is more annoying that watching a company decry racism…

…and then showcase a lack of diversity within their executive team and board of directors.

No company is perfect but, in this moment, business leaders must take a stand. We all have an opportunity to create long-lasting change now!

--

--

--

A blog on the skills economy & the future of work

Recommended from Medium

Are You Taking Bites From Other People’s Success?

Why are you still working for Indian employers?

Mowgli Voices: THE NEXT SOCIETY Mentoring Programme

After 4 Years of Hiring 50+ People, Here’s What I Wish Applicants Would Do…

Mentorship and lineage of craft

The Day in the Life of an Enehano Intern

The best way to answer “Tell me about yourself” to weave your brand-value.

Women at HelloFresh Series: A Spotlight on Exceptional Women for IWD21 Part 2

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jason Corsello

Jason Corsello

General Partner @ Acadian Ventures. Founder of Cornerstone Innovation Fund and former SVP of Corporate Development and Strategy @CornerstoneInc.

More from Medium

Let them go!

CFPB wants public input on big bank obstacle course to get customer service

An organization is the reflection of its founder

Last Mile Education Fund Finalist for  Inaugural Anthem Awards Social Impact Celebration