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 more effortless labor 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, labor 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 expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.
Tyson Foods Inc (Tyson Foods) is a food processor and marketer of chicken, beef, and pork. The company markets its products under Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, and State Fair brand names.
In 2021, Tyson Foods reported 39.52% women participation in its US workforce, a decrease of 0.31 percentage points over 2020. During the same year, women’s participation was 29.54% at the junior management level, while at the senior leadership (Top Management Level), women’s participation was 15.09%, an increase of 0.54 percentage points over 2020.
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