Creating a workplace with a sense of safety and belonging is a key element to retaining team members. While some companies have made progress in building a more diverse workplace for LGBTQ+ employees, we must consider how to also design workplace cultures that create a sense of safety and belonging. The gap between diversity (a company hiring more team members in the LGBTQ+ community) and inclusion (those folks feeling free and encouraged to bring their authentic selves to work) carries a steep price in terms of employee engagement and retention. In fact, according to BCG’s recent Inclusive Cultures publication:
Why does this gap between diversity and inclusion matter? When team members work in environments where they are unable to be authentic and true to their identities, they can’t do their best work. In addition to missed opportunities for performance, this also leads to LGBTQ+ employees leaving their jobs. Annually, it costs businesses $64 billion to replace employees lost to workplace discrimination.
Here are ways that your organization can improve your workplace inclusion to provide a better sense of belonging for your LGBTQ+ employees:
As workplaces become more diverse, it’s vital to ensure our cultures continuously evolve to provide support for everyone on the team. While you can’t be responsible for someone’s experience outside of work, you can create systems and cultures that allow employees to show up fully and provide their best talent to your organization.
On Wavely, you can chat directly with companies that are dedicated to DEI.