DEI-Focused Retention Strategies

DEI-Focused Retention Strategies - Webinar Takeaways

Why is it important to retain your employees?

• Replacing employees is costly, in both time and money.
• Low retention affects the morale and productivity of the team.
• Losing employees may mean losing:
  • high performers
  • innovators
  • problem solvers
  • team players
  • institutional knowledge, both tangible and intangible 
    (context, skills, intuition, mentorship and other relationships).

Ask your employees what’s important to them. Common wish-list items are:

• Flexibility (e.g. the option to work from home)
• Benefits and rewards, including recognition
• Career development
• Mentoring
• Good relationships and mutual respect
• A welcoming and inclusive work environment

What is diversity?

Individuals from different cultures, backgrounds, abilities, lived experiences, and perspectives.

Why is diversity important?

• Diverse teams are proven to be more innovative and productive when working together.
• It may not be easier, but it will be more creative and fulfilling.
• Most employees want to work where all are welcome and treated equitably.
• When managed well, diverse teams have greater job satisfaction and higher retention.

What is equity?

• The assurance of fairness and impartiality in your processes and procedures.
• Providing all employees equal access to resources and opportunities within your organization.

What is inclusion?

A conscious and deliberate approach to creating a workplace where difference is:

• expected
• nurtured
• supported
• respected

Watch the webinar for proven retention strategies in the employee life cycle.