The gender gap in organizations has narrowed over the past three decades, giving more effortless labor 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, 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.
Diversity, equity, and inclusivity (DEI) are critical to the business performance of the retailers which includes food retail, fashion retail, and other outlets, 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.
Target Corp (Target) is a retailer of general merchandise and food products. The company’s product portfolio comprises baby and beauty products, clothing, electronic equipment, furniture, grocery, home and pet products, school and office supplies, shoes, sports and outdoor products, toys, and sports equipment. Target also offers optical, clinics, and other amenities, home delivery, photo printing service, rewards, and gift card services. Target markets products under owned brands and exclusive brands.
In 2021, women represented 56% of all Target’s global workforce, a decrease of 2 percentage points over 2020. In the same year, the company had 38% women participation among its board members which increased by 7 percentage points from 2020.
Target had 57% women representation in the managers’ position, 44% women officers, and 46% women in the leadership team.
By 2023, Target aims to increase the promotional rate of people of color and women while reducing the rate of turnover.
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