Diversity, equity, and inclusion (DEI) in an organization contribute to innovation, productivity, and resilience. Additionally, it contributes to equality of opportunity and treatment at all phases of the employment relationship, including recruitment, retention, promotion, remuneration, and training.
Gender gaps in organizations have narrowed over the past three decades due to labour mobility worldwide. In recent years, there has been an increased awareness that all workers have a right to a dignified and respectful workplace, regardless of their ethnicity or sexual orientation. However, labour market disruption due to the COVID-19 has had devastating consequences globally. Globally, women's employment declined by 5% in 2021, compared with around 4% for men, according to the International Labour Organization (ILO).
Technology companies are working towards closing the gender gap and enhancing inclusivity. As part of a positive work culture, technology companies need to offer flexible work and well-being programs, such as free mental health counseling and childcare.
Meta Platforms Inc (Meta), formerly Facebook Inc, is a provider of social networking, advertising, and business insight solutions. In 2022, the social media giants reported 37.1% women participation in its workforce, an increase of 0.4 percentage points over 2021, and in leadership roles, the representation of women globally increased to 36.7% by 1.2 percentage points over 2021.
In 2022, the representation of Asian employees in the Meta offices in the US was 46.5%, an increase of 0.8 percentage points over 2021. Hispanic and Black employees represented 6.7% and 4.9% of the workforce, respectively.
By 2024, Meta aims to double the number of Black and Hispanic employees and the number of women in its global workforce. In 2021, Meta spent $1.26 billion with US diverse suppliers and $306 million with Black-owned businesses to improve inclusivity to create better experiences for everyone.
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