I am president of Ventureneer, which specializes in defining and eliminating problems that hold underrepresented entrepreneurs back, especially minorities and women. Our work provides clients with branded research, training and content opportunities that generate thought-leadership, visibility, sales, and brand loyalty. I am a WE NYC and digitalundivided mentor as well as an advisory board member of Million Dollar Women, Women Startup Lab, and Aleri Research..
Companies weren't focused on improving policies and procedures that would make the workplace more equitable and fair."We would talk about tracking the data and the analytics around pay equity disparities if they [the companies] were running those kinds of analysis," said Price. For the most part, companies weren't looking at the talent acquisition and promotion systems and doing data analytics around that to see if their workplace is fair and equitable to their employees.
Since the protests began, Kanarys and other D&I consultants, are getting a lot of calls. Companies fall into three categories: haven't released a statement, released a statement, but there's no action, and released a statement and are taking action, according to Price. An exemplary example is Estee Lauder, which is committed to ensuring that black representation within the company is reflective of society. They announced targets and committed to taking specific actions.
Price is fielding questions from corporations who want to start supplier diversity programs. Access to markets is critical to all businesses. Having customers who spend billions on goods and services, such as the Fortune 1000 or government agencies, increases your chances for high growth. Supplier diversity programs facilitate introductions to corporate and government procurement opportunities. Between February 2020 and April 2020, the number of business dropped precipitously, according to.
Will new attempts to close the racial, ethnic, and gender gaps in the management ranks of corporate America be successful? Only time will tell. What will you do to ensure the enthusiasm is converted to meaningful actions?
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