DEI 101

In today's Biz Pulse, gain insight into how:

• Manufacturing industry leaders can embrace DEIB and transform backlash into a progressive platform leading to positive change.

• Companies can keep the fight alive for Diversity, Equity, and Inclusion (DEI) by sticking to strong policies, despite the ongoing challenges, to uphold the fundamental ideals of equality and opportunity in America.

• Businesses can boost their DEI programs by opting for global hiring, offering a multicultural and international workforce that increases productivity and efficiency, while also navigating local markets excellently.

Each of these articles is penned by members of Forbes Business Council, successful business owners shaping the future of business.

Let’s dive in!

Facing DEIB Backlash? Here's How the Manufacturing Industry Can Respond

A rising tide of backlash against diversity, equity, inclusion, and belonging (DEIB) measures is becoming more noticeable.

From politicians challenging corporate DEIB programs to companies like Anheuser-Busch and Costa Coffee experiencing social media rebuff due to their DEIB stance, the resistance is wide-reaching, pushing some businesses to reduce investments in DEIB.

Consider these steps before addressing backlash:

🔄 Reframe the backlash: Remind yourself change is part of a bigger societal movement and is viewed as a long-awaited step forward by many, especially younger generations starting their careers.

🔝 Show that DEIB is a business imperative: In the manufacturing industry, tackling DEIB can help recruit skilled workers who can boost innovation and productivity.

⚙️ Focus on a shared purpose: Stick to what unifies, like the pride in the craftsmanship that comes with jobs in the manufacturing industry.

In essence, tap the inclusion aspect of DEIB to bring together all employees around a passion for their craft.

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Land of Inclusive Opportunities: 3 DEI Policies to Promote in 2023 🌎🌈

Despite recent setbacks in diversity, equity, and inclusion (DEI) efforts, there remains a need for inclusive policies – especially given that the USA is transforming into a country of ‘minorities.’

Equality is an inherent part of the American Dream. To promote and maintain this, companies need to support key DEI policies actively:

💰 Safeguard Diversity Spend and Supplier Diversity Programs: Despite changing immigration attitudes and attacks on affirmative action, diversity spending – the purchases from diverse-owned businesses – is key. It aids underrepresented business owners and helps remove economic barriers.

🔁 Move the Economic Impact Down the Supply Chain: It's time to translate the economics of DEI to supply chains. Money spent on minority and women-owned business enterprises (MWBEs) has the potential for cost saving, therefore benefiting both the companies and the communities involved.

🎓 Continue Corporate DEI Training: Diversity hiring should be coupled with creating a focused inclusive environment. Effective DEI training can elevate companies' resilience, boost innovation, and increase retention.

Inclusion and equality help shape the USA as a country of opportunities. Let's preserve these defining policies 🇺🇸👏.

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Enhance Productivity with Global Hiring: The DEI Edition 🌏✨

Diversity, Equity, and Inclusion (DEI) in the workplace continue to gain momentum. One interesting facet of promoting DEI is the hiring of international employees, which brings a unique blend of cultures and stages a platform for enhanced productivity and efficiency.

Key benefits to consider:

💡 Performance Improvement: Diverse teams bring varied perspectives that can improve your company’s problem-solving capabilities. Global teams offer the advantage of staying in-tune with the latest trends across different regions.

🚀 Navigating the Outside World: Global teams help in exploring new markets easily. Having employees that mirror your diverse client base can facilitate smooth collaborations.

However, hiring overseas employees calls for some considerations:

• Being aware of cultural issues and language levels.

• Managing work hours, holiday dates, and regulations over leave.

• Identifying target countries based on your budget.

Effective global hiring options include leveraging an Employer of Record (EOR) or hiring independent contractors. However, caution is needed to avoid misclassification problems. Establishing your own business entity within the country can also work, though it's often more expensive and time-consuming.

It's no secret that global teams come with challenges like time-zone management and language barriers. But with understanding, careful planning, and enhanced awareness, the pros clearly outnumber the cons. Global hiring boosts DEI and, ultimately, the performance of your business.

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Wrapping Up

If these articles sparked your interest, we have a network that you will love: Forbes Business Council.

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