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 increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the 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.
DEI is critical to the business performance of the consumer sector, which encompasses retailers and consumer-packaged goods manufacturers, since consumers want to buy goods that reflect their values, wants, and needs. Consumers are expecting more from brands than ever before, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the commitments, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.
Conagra Brands Inc (Conagra) is a manufacturer and distributor of branded, value-added consumer food, and foodservice items and ingredients. The company's product portfolio includes shelf-stable food products, meals, entrees, frozen foods, sauces, and custom-manufactured culinary products. A few of the major brands include Marie Callender's, Duncan Hines, Birds Eye, Reddi-wip, Vlasic, Healthy Choice, and Slim Jim. In 2021, the consumer goods company reported 40% women participation in the workforce, a decrease of 1 percentage point over 2020. The representation of women in leadership increased to 33% by 1 percentage point over 2020.
In 2021, the representation of Asian employees of Conagra in the US workforce was 5% which increased by 1 percentage point from 2020. Black or African American and Hispanic or Latino employees represented 12% and 23% of the US workforce, respectively.
Conagra has set a 2025 goal to double people of color representation in management and middle-manager level roles versus its fiscal year 2020 baseline. The company also aims to have at least 40% of management-level roles held by women by 2025.
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