Most diversity executives say they lack power to push change

New analysis from executive recruiting firm Russell Reynolds Associates found that more than half of the largest U.S. companies don’t have a designated diversity executive, and most diversity professionals report a lack of diversity goal prioritization. At the same time, only 35% of companies collect data needed to determine the efficacy of diversity initiatives.

A separate analysis found that companies facing recent public allegations of discrimination saw a 7% market value drop on average between 2017 and 2018, underscoring the importance of diversity goals for business.

Tina Shah Paikeday, global D&I consulting head for Russell Reynolds and study author, said: ”The investment of resources into the role have left a lot of chief diversity officers with positions that are completely under-resourced in order to be able to achieve the results that they’ve signed up for.”

Read more at Bloomberg.


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