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.
Procter & Gamble Co (P&G) is a manufacturer and marketer of fast-moving consumer goods. The major brands under the company include Head & Shoulders, Tide, Ariel, Olay, Pantene, Pampers, Gillette, and others. In 2021, the consumer goods company reported 40% women participation in the workforce, an increase of 3.1 percentage points over 2020. At the global level, senior-level representation of women increased to 49% by 3.5 percentage points over 2020.
In 2021, the representation of Asian employees of P&G in the US workforce was 6%. African American and Hispanic/Latinx employees represented 11% and 8% of the US workforce, respectively.
In the US workforce, P&G continues to progress towards its aspiration of 40% multicultural representation. The company aspires to create a company and a world where equality and inclusion are achievable for all. It is committed to accelerating progress toward gender equality at home, at work, and in society. The company has committed to spending $10 billion with women-owned and women-led businesses through 2025.
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