Employee Resource Groups and Inclusion & Diversity Councils save companies money!
The business environment is obviously very competitive. If an organization wants to continue attracting and retaining the most qualified applicants, it needs to take a proactive approach and think outside of the box. ERG’s and I&D Councils should become an integral part of the fabric of your organization. When employees recognize that their input is valued, they become part of the growth of the company, which includes increased sales, reduced costs, short and long-term strategic planning goals, as well as the hiring and retention of the most diverse workforce. The ERG’s will be the model for all employees to emulate.
Inclusion and Diversity (I&D) Councils:
I&D Councils are company-wide, company-sponsored groups of employees who come together to form creative and effective ways for approaching challenging situations pertaining to diversity and to improving an organization's Cultural Competency. Employee Resource Groups are a natural spin-off from the I&D Council.
Employee Resource Groups (ERG’s) - Impact on the Bottom Line:
Employee Resource Groups save companies money. The business environment is obviously very competitive. If your company or organization wants to continue attracting and retaining the most qualified applicants, it needs to take a proactive approach and think outside of the box. ERG’s should become an integral part of the fabric of your company or organization. Once the ERG employees recognize that their input is valued, they become part of the growth of the company, which includes increases in sales, reduced costs, short and long range strategic planning, as well as the hiring and retention of the most diverse workforce. The ERG’s can be the model for all employees to emulate.
ERG's support the increase in sales:
Company loyalty and pride encourages ERG’s to support sales programs
Company incentives and rewards convince ERG’s to shop at your company or organization
Participate in the redesign of store displays to attract those represented in ERG’s
Encourage your company or organization to include diverse employees in all marketing materials to drive more customers to you
Promote your company or organization at events, workshops, seminars, and trade shows
Provide an awareness of new tactics used by competitors.
ERG's support to reduce costs:
Involve ERG’s in cost reduction programs
Create ERG meetings to discuss costs reduction recommendations
Attract and retain qualified employees, thereby reducing marketing, advertising, recruiting and training expenses.
ERG's support all Human Resources outreach:
Recruit members of ERG’s to assist on College campuses and at job fairs
Display ERG information prominently in all recruiting materials
Provide incentives for new hires referred by ERG members.
ERG's involvement with key management decisions:
Provide value added advice regarding products, practices and policies
All external outreach should involve the input of ERG employees to broaden the consumer base
Each department should have an ERG employee on their strategic planning team
Increase base of organizational knowledge, strength, creativity, productivity and problem-solving ability, while expanding community commitment
Ensure work content is explicitly viewed from multiple perspectives and experiences while exploring a variety of teaching and learning methods so that co-workers can respond on both an individual and cultural level. In an Inclusive Work Environment, everyone feels valued, safe, supported, and encouraged to express his or her views and concerns.
ERG’s minimize threats for litigation:
Demonstrate that a company has provided an opportunity for support of those involved
Promote effective cross-communication for executives, managers and employees to address and respond to employee concerns and needs
Provide opportunities for professional development and advancement opportunities within the company
ERG's improve customer relations and satisfaction:
Employees are connected to the community and can identify and communicate with co-workers, customers, and other stakeholders in the various languages and cultures of those they serve
Many members volunteer to participate on behalf of the company at community events and company events
Members promote their company by volunteering to serve on boards of community organizations sharing their business expertise and corporate social responsibility.