Diversity, equity, and inclusivity (DEI) in an organization help bring unique perspectives and ideas to create more innovative, productive, and resilient enterprises. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
The gender gap in organizations has narrowed over the past three decades, giving easier labour mobility worldwide. There has also been an increasing global awareness regarding the right to a dignified and respectful workplace irrespective of sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
The technology industry is working towards closing the gender gap and enhancing inclusivity in the years ahead. Technology companies must create flexible work and well-being programs such as free mental health counseling and childcare to promote positive work culture.
Cognizant Technology Solutions Corp (CTS) is a provider of information technology (IT), consulting, and business process outsourcing (BPO) services. In 2021, the technology giant reported 38% women participation in its workforce, an increase of 2 percentage points over 2020. At the senior management level representation of women globally increased to 13.1% by 1.3 percentage points over 2020.
In 2021, the representation of Asian employees in the US Cognizant workforce was 60% which decreased by 8 percentage points from 2020. Black and Hispanic employees represented 6% and 3.8% of the US workforce, respectively.
Cognizant to recruit women, Black, Latinx, and other diverse individuals, has its US recruiting team sponsor numerous career fairs in 2021, including the Forte, the Black in Technology x Techqueria Virtual Career Fair, Codepath, the National Center for Women in Information Technology, HackerRank, NBMBAA conference and the D&I Job Fair Event in New York City.
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