Susan Gross Sholinsky, Member of the Firm, speaks on "Retention and Advancement of Diverse Talent Through Allyship, Mentorship and Sponsorship," at The DEI Summit: Diversity Officers & HR Taking Charge.
Even when companies have invested an incredible amount of time, energy, and resources to secure and hire qualified diverse candidates, startlingly, you won’t easily find a single major corporation that has a formal diversity retention program. A formal retention program is especially important when it comes to diverse employees, because by definition, “they are different.” And this difference makes it harder for them to assimilate as employees. And if new hires become disillusioned when they don’t experience the emphasis on diversity/inclusion that they heard during the hiring process, they will almost immediately begin thinking about their departure. A high diversity turnover rate can cost a large corporation tens of millions of dollars each year, making reducing diversity turnover not just “the right thing to do,” but also a business imperative.
This panel explores:
- Using ERGs and affinity groups to improve retention rates
- Identifying gaps in the advancement of diverse employees
- The impact of biased performance reviews
- Understanding how allyship and mentorship can improve retention rates
For more information and to register, please visit CF-conferences.com.