Diversity & Inclusion
D&I is one of the best indicators of the company's capacity to tackle tomorrow’s challenges. It goes beyond good demographic parity results, to choices that can but enhance business innovation and development through strong D&I commitments.
Tackling teams' blind spots as well
as system flaws will require a culture reset
#1 From diversity of backgrounds to diversity of thinking
Promoting diversity and inclusion in companies is both an ethical and business commitment. Tackling teams’ blind spots as well as system flaws will require a culture reset that is far more engaging than a compliance-oriented approach.
High-performing teams are both cognitively (how we approach problems and think about things) and demographically (age, race, gender identity, sexual orientation, physical resource) diverse. Enabling people to reach their full potential with a clear D&I strategy is thus one of the best investments a company can make for long-term performance.
To face the major challenges ahead, companies will have to boost innovation through diversity. Indeed, mixing diverse mental frameworks for problem solving will lead to disruptive and ambitious ventures.
Key questions you should ask yourself
– To what extent are founders and managers committed to diversity and inclusion?
– Do founders and teams wish to challenge the status quo and take personal responsibility in for change?
– Has the company written a D&I policy / charter & defined dedicated HR processes?
– How does the company educate its teams about D&I and cognitive biases?
– Does the company implement learning strategies and training programs for deconstructing biases?
– How is the company using data to manage its D&I issues?
#2 Corporate offer’s accessibility
Companies can definitely enlarge their customer bases through inclusive business models.
Being aware of the traditional business bias in addressing a market (e.g. through focus groups with underrepresented individuals) is a strong asset to depart from them and design innovative ways to business development (e.g. target new customers, create new products,…)
Far beyond a costly compliance topic, D&I is a source of innovation serving the business competitiveness.
Key questions you should ask yourself
– Is the company aware of D&I challenges connected to its services or products?
– Does the company’s services or products have an impact on communities (end-users or other stakeholders) who are traditionally excluded from the market?
– How are the company’s services or products perceived by traditionally underserved communities?
– How does the company’s services or products promote D&I?
#3 Transparent and unbiased wealth sharing
People feel included when they are treated equally, with no favoritism. Thus, wealth sharing choices are critical to build a bold sense of belonging into a company.
Money empowers and builds self-esteem and recognition. Then, sharing the benefits of the company’s growth with its key stakeholders is core to its D&I policy and productivity, not just a good governance practice.
Key questions you should ask yourself
– How is the corporate salary scale defined and publicly communicated?
– How is the business wealth sharing scheme defined (e.g. prices’ breakdowns)?
– Are employees part of the corporate ownership? Do employees benefit from corporate’s shares?
– What multiple is the highest compensated individual paid, including bonus, as compared to the full-time lowest paid worker?
Diversity & Inclusion in Tech : A Practical Guidebook for Entrepreneur...
A step-by-step guide to help you plan, deploy, monitor and improve a Diversity & Inclusion strategy suited to your company.
Charter’s templates for gender diversity in the VC industry (FR)
Charter of commitment to promote gender diversity in the digital sector. 4 areas of commitments : VCs' portfolio management ; HR ; inclusive investment and sharing good practice (...)
Encourage women startup managers’ access to funds (FR)
Study by BCG x SISTA on gender diversity in tech : an increase in the creation and financing of startups but the legacy of the ecosystem still weighs heavily.
BSPCE Toolkit (FR)
The "Bons de Souscription de Parts de Créateur d'Entreprise" ("BSPCE" in short) are a tool to retain your employees and involve them in the future success of your startup. You w (...)
How to define your corporate philanthropy strategy ?
Abstracts from Prophil's study "Carnet de voyage au pays des fondations actionnaires". Here you will find a template to easily define your corporate philanthropy strategy.
Galion Gender Agreement (FR)
The Galion Project does not pretend to solve a problem that goes far beyond the world of work, but proposes 45 simple and concrete solutions defined with Galion members to promo (...)
Diversity in venture capital : a practical toolkit for VC funds
A practical starting guide for VCs, to help them promote diversity and inclusion (D&I) within their organisations & portfolio.