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Whitepaper
CreateaMore
Diverse,Inclusive,
andEquitable
Workplacewith
Workday
WorkdayValueManagement
Thispaperhighlightswhyorganizationsvalueinclusion,
belonging,andequityandhowtheuniquecapabilitiesin
Workdayhelporganizationsdriveoutcomesandachievetheirgoalsmorequicklyandeffectively.
TheWorkdayPerspectiveonInclusion,
Belonging,andEquity
AtWorkday,webelievethatrealchangeisneededtoguaranteeequityforeveryone,andwebelievethatwecansupportthischangeintwoways:
1BybeingaleaderinhowweValueInclusion,Belonging,andEquity(VIBE?)forallinourownworkplaceandcommunities
2ByempoweringourcustomerstocreateamoreequitableandinclusiveworkplacewithWorkdayCloudPlatform
Organizationsvalueinclusion,belonging,andequityforavarietyofreasons.
Workdaydoessobecausemakingtheworldofworkandbusinessbetterfor
everyone,andempoweringotherstodothesame,issimplytherightthingtodo.And,weknowthatengagedemployeeswithdiverseproblem-solvingskillshelpusbuildinnovativesoftwareanddeliverabettercustomerexperience.
FosteringaCultureofDiversity,Inclusion,
Belonging,andEquityIsGoodforSociety
andGoodforBusiness
Thereareavarietyofreasonswhyorganizationsareprioritizingdiversity,
inclusion,belonging,andequity,includingmoralimperatives,betterbusinessoutcomes,andattractingandretainingtalent.
MoralImperative
Givingallemployeesandcandidatesaccessandopportunitytoworkunderequitableconditionsisamoralimperative.Manyorganizationsprioritize
employeesalongsideintegrity,profitability,andinnovationintheircorporatevalues.Servingstakeholdersbeyondshareholdersandfosteringacultureofdiversity,inclusion,belonging,andequityisbuiltintothemissionofmany
organizations.2AsWorkdayCo-CEOAneelBhusrirecentlycommented,“Companiesneedtohaveasoul.”3
BetterBusinessOutcomes
AccentureandBCGhavebothdeterminedthatdiverseandequitablecompaniestendtoinnovatemorequickly,thusoutperformingothercompanies.4-5AccordingtoAccenture,an“innovationmind-setisgreatestinmostequalcultures.
Employees’innovationmind-set—theirwillingnessandabilitytoinnovate—issixtimeshigherinthemost-equalculturesthanintheleast-equalones.”6
“
Webelieveasupportiveand
inclusiveworkplace,whereeveryonefeelsvaluedandincluded,isthekeytogreatproducts,happycustomers,andanenduringcompany.
CarinTaylor,ChiefDiversityOfficer,
Workday1
CreateaMoreDiverse,Inclusive,andEquitableWorkplacewithWorkday|2
Throughaseriesofexperiments,HarvardBusinessReview(HBR)foundthat
employeeswhofeelagreatersenseofbelongingworkharderandaremuch
morewillingtorecommendtheircompanytoothers.Ontheotherhand,
employeeswhodonotfeelasthoughtheybelonggivelessefforttotheteam
overtimeanddragdownmoraleandproductivity.HBRalsoreportedonresearch
conductedbyBetterUp,whichfoundthatcompanieswithacultureofbelonging
A2019studybytheWallStreet
realizea56percentincreaseinindividualjobperformance.7
Journalconcludedthatdiversityandinclusionaregoodfor
MarcBenioff,thechairmanandCEOofSalesforce,along-standingWorkday
businessbasedonareview
customer,hasbeenanoutspokenleaderonthistopic.Benioffrecently
ofprofitmargins.Thetop20
commentedthat“everycompanymustrecognizethattheirresponsibilitiesdo
most-diversecompanieshada
notstopattheedgeofthecorporatecampus.Whenwefinallystartfocusing
profitmargin,onaverage,of12%
onstakeholdervalueaswellasshareholdervalue,ourcompanieswillbemore
comparedtoaprofitmarginof
successful,ourcommunitieswillbemoreequal,oursocietieswillbemorejust,
only8%forthelowest-ranking
andourplanetwillbehealthier.”8
companies.Themost-diversecompaniesalsohadhigher
AttractandRetainTalent
sharesonaveragewithan
Organizationswithacultureofinclusionandbelongingprovideanimproved
averageannualtotalreturnof
experiencefortheiremployeesandarebetterequippedtoattractand
14%over10yearsversus12%for
retaintalent.AccordingtoastudybytheInternationalLabourOrganization,
the20least-diversecompanies.9
companiesthathaveaninclusivecultureandinclusivepoliciesare59.7percent
morelikelytohaveanenhancedabilitytoattractandretaintalent10Additionally,
BetterUp’sresearchfoundthatemployeeswhohaveagreatersenseof
workplacebelongingfeelgreaterjobsatisfactionasseenthrougha50percent
dropinturnoverrisk.11Workdayfounderscenteredthecompany’svaluesaround
employees:mostfundamentally,peopleareatthecoreofourbusiness,and
weinvestinwaystohelpouremployeesfeelaconnectiontoWorkdaybeyond
businessasusual12
WorkdayProvidesInsightsintoAction
Regardlessofwhatmotivatesorganizationstoprioritizediversity,inclusion,
belonging,andequity,achievingoutcomesandreal,positivechangecanbe
challenging.Companiesoftenhavegoodintentionsbysettinggoalsandtargets,
yetprogresshasbeenslow.
Onereasonwhyoutcomesaren’tmatchingintentionsisthatcompaniesoften
investinacquiringdiversetalentbutdon’tfocusenoughontheexperienceand
developmentofthattalent.Webelievediversityandemployeeexperienceare
fundamentalinordertobuildanorganizationthatisagreatplacetoworkforall.
Well-intentionedprogramstoimprovediversity—butwhichlackanintentional
efforttounderstandandimprovetheemployeeexperience—haveledtoacycle
ofattrition,disengagement,anddisappointment.Anotherreasonwhyoutcomes
aren’tmatchingintentionsisthatcompaniessetambitiousgoalsbutdon’thave
asystemofaccountableanalyticstohelpthemachievethosegoals.
CreateaMoreDiverse,Inclusive,andEquitableWorkplacewithWorkday|3
Webelieveinasystemicapproachwithaccountableanalyticsandconcerted
actionsondiversitythatplacesemployeeexperienceatthecentertofoster
inclusion,cultivateasenseofbelonging,andensureequity.Workdayofferstools
thatuniquelyenableourcustomerstonotonlysetgoalsfordiversity,inclusion,
belonging,andequity,buttoalsotakeactionstoachievethosegoalsanddrive
positivechange.OurVIBEIndexTMhelpsorganizationsidentifywherethereisthe
“
greatestopportunitytodrivepositivechange,VIBECentralTMhelpsorganizationsidentifyactionstotaketoachievedesiredoutcomes,andourtechnology
Weknowyouneedastrategy—inourcase,wehavetoinclude
foundationprovidesinsightsintohowtoreducebiasanddrivecontinuousimprovements.
inclusion,belonging,andequityalongwithdiversity.Wethinkit’s
VIBEIndex
Everycompanyisuniqueinitsareasofopportunityarounddiversity,inclusion,
importanttosetupagoal-gettingsystemtocomplementthegoal-settingsystem.
belonging,andequity,andunderstandingthebaselineisanimportantfirststep
insettingtherightgoals.OurVIBEIndexTMhelpscompaniescomprehensively
GregPryor,ExecutiveDirector,
measureandcomparebelonging,equity,diversity,andinclusionforabetter
Marketing
understandingofparityacrosstheorganizationandwheretofocusefforts.
Workday13
TheVIBEIndexisuniqueinthreekeyways.Thefirstisitsbreadthanddepth
acrosstheemployeelifecycle,fromsourcingandhiringdiversetalent;to
retaining,developing,andpromotingthattalent;tocreatingbelonging
experiences;andallthewaytoattrition.Thesecondishowitintersectswith
theabilitytocompareandassessperformancebasedonmultipledimensions
ofaperson’sidentity,suchasgender,ethnicity,andsexualorientation.Thethird
isitsequityandparityfunctionalitythatusesaheatmaptoquicklyidentify
wherethereisdisparityacrossintersectionalgroupsandwhereintheemployee
lifecyclethereisthegreatestopportunitytoimprove.TheVIBEIndexprovides
aVIBEScoreTMforoverallworkplaceequityandeasilyaccessible,real-time,
accountableanalytics.
SampleVIBEIndexhighlightingareasofopportunityforequityandparityacross
intersectionalgroupsandthebreadthanddepthoftheemployeelifecycle.
CreateaMoreDiverse,Inclusive,andEquitableWorkplacewithWorkday|4
VIBECentral
Afteridentifyingareasofopportunity,companiesneedtodivedeeperto
identifyindicatorsandactionsthatwilldriveoutcomesandpositivechange.
TheVIBECentralTMtoolbringsalldiversity-andinclusion-relatedbest-practices
content,metrics,reports,andbenchmarksintoonecentralizedplace.This
helpscompaniesidentifyindicatorsthatexplainwhytheyarenotgettingthe
outcomestheywantsotheycantaketherightactions.
Forexample,ifhiringislowforacertainintersectionalgroup,VIBECentral
canhelpidentifywherethereisanissueintheprocess—whethertherearen’t
enoughdiversecandidatesapplyingorifdiversecandidatesaredropping
offatsomepointinthepipeline.Havingallofthisreal-timeinformationinone
placeenablesquickanalysistoidentifyindicatorsandactionsthatdrivethe
broaderstrategy.
SampleVIBECentraldashboardhighlightingemployeemovementvs.
headcountbygenderanalysis,andlinkstorelatedcontent.
TechnologyFoundation
Allofthesebroad,intersectionalanalyticsaremadepossiblebythefact
thatwithWorkday,allaspectsoftheemployeelifecycle—recruiting,talent,
performance,compensation,development,andsoon—aremanagedinasingle
system.Thisalsomeansthatoncecustomershaveidentifiedindicatorsand
actionstodrivepositivechangeinareasofopportunity,theycanquicklytake
thoseactionsrightinthesameplace,enablingcustomerstoachievethegoals
thatthey’veset.Forexample,ifacompanyidentifiesthatdiversecandidatesare
droppingoffthehiringfunnelinthescreenstage,itcantakeactioninWorkday
bymaskingidentifyingdetails,suchascandidatenamesorschoolsonresumes,
toreduceunconsciousbias.
Additionally,weembedmachinelearningintonearlyeveryaspectof
ourplatform,andthesecapabilitiesenableskillsmatching,whichhelps
organizationsreducebiasfromdecision-makingacrosstheemployeelifecycle.
CreateaMoreDiverse,Inclusive,andEquitableWorkplacewithWorkday|5
Thisstartswithattractingandhiringadiverseworkforcebasedonskillsand
experiencethatmatterinsteadoffactorsthatcanleadtobiaseddecisions.
Machinelearningcapabilitiesalsohelpexpandcareeropportunitiesforexistingemployeesbyenablingcompaniestoidentifyinternaltalentforopenrolesand
“
torecommendstretchassignmentsbasedonskills,enablingmoreinclusive
Kimberly-ClarkusesWorkdayto
careerdevelopmentpractices.
trackandscrutinizeHRdata.Theyfoundthatwomenwerehitting
Finally,theemployeeexperienceisthecoreofanysuccessfulprogram
glassceilingsattwopoints:after
designedtofosterinclusion,cultivateasenseofbelonging,andensure
thefirstprofessionalpromotion,
equity.Workdayprovidestheabilitytomonitoremployeesentimentwiththe
andagainjustbelowdirector.
belongingindexandcreatepersonalizedexperiencesbycuratingcontent,
Afterdeepdiscoveryandchanges
resources,mentors,andconnectionstoemployeeresourcegroups.Moreover,
suchaswritingmoreinclusive
anorganization’sabilitytocontinuouslyimprovetheexperienceisessentialfor
jobdescriptions,Kimberly-Clark
anysustainableprogram.TheflexiblebusinessprocessframeworkinWorkday
realizedalotofprogress,including
enablesorganizationstocontinuouslyadaptworkflowsandinsertanalyticsinto
an82%increaseinwomenwhohold
criticalprocesses.Theendresultisamoreinclusiveexperienceforemployees,
director-levelorhigherpositions.
moreequitabledecisionsbymanagers,andamoreflexiblesystemthat
Butthechangesgobeyondhard
promotescontinuousimprovement.
numbers.Ihearmoredebates,morediscussions,andIseemanymore
CreatingaMoreEquitableandInclusiveWorkplace
solutionstooldproblems14
Organizationsdeploydiversity,inclusion,belonging,andequityprogramsfor
ChiefDiversityOfficer
avarietyofreasons.Regardlessofwhytheychoosetodoso,creatinglasting
Kimberly-Clark
andmeaningfulchangeinanorganization’scultureischallenging.Successful
programsimpactprocessesacrosstheentireemployeelifecycle,require
accountableanalyticstoturnintentionsintooutcomes,andsupportunbiased
decision-makingateverystep.Sustainableprogramsrequireorganizationsto
measureresultsandcontinuouslyadapttochangingworkplacedynamics.Our
VIBEIndexTMandVIBECentralTMtools,alongwithourtechnologyfoundation,can
helporganizationsintheirjourneytoachievingtheirgoalsforthesesuccessful
andsustainableprograms.
CreateaMoreDiverse,Inclusive,andEquitableWorkplacewithWorkday|6
Endnotes
1“
BelongingandDiversity
,”Workday,accessedSeptember2020.Webpage.
2
“Diversity,Equity,andInclusion4.0.
,”WorldEconomicForum,June2020.Webarticle.
3“
WorkdayCEO:‘CompaniesNeedtoHaveaSoul,
’”LeadershipNext,Fortune,August2020.Podcast.
4EllynShookandJulieSweet,“
Equality&InnovationintheWorkplace
”;Accenture,2019.Webarticle
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