When diversity, equity and inclusion initiatives are effective, HR professionals report low turnover among their respective companies' supply chain teams, according to a June report from the Association for Supply Chain Management and the Society for Human Resource Management.
Between October and December, 1,442 participants responded to a survey conducted by the groups. Respondents include supply chain manager, supply chain workers and HR professionals. Results were published June 10 in a report titled, "The Power of IE&D in the Supply Chain: Unlocking Resilience and Growth."
Key findings from the report:
- Seventy-three percent of supply chain managers said their company outperforms competitors when DEI initiatives are effectively implemented. More than three-quarters of HR respondents who reported their company has effective strategies said they experience low turnover, and employees are more likely to recommend the supply chain department as a "great place to work."
- The report indicated DEI initiatives are common, though not always effective. Sixty-two percent of supply chain managers said their company has such initiatives, though only 29% rated their company as effective in this realm.
- Ineffective DEI is tied to higher burnout levels and likelihood to leave the company: Those who feel their company is ineffective at making progress were nearly five times more likely to report feelings of burnout.
The full report can be found here.