Words can mean different things at different times. It is easily confusing to understand the words diversity, equity, and inclusion (DEI) and their relevance to manufacturing. So, let’s clarify some of the common words. But first, the reality is that manufacturing has been introducing diversity into the workplace for decades, Rosie the Riveter exemplifies how six million women joined manufacturing in World War II. Jump forward to 2022 and the workforce is ever more diverse as demographic shifts reshape the workplace.
As we navigate past the pandemic, companies are facing the effects of the “great resignation.” Diversity and inclusion are no longer a nice to have, but an essential part of a company to thrive and grow. Research has proven over time that diversity, equity, and inclusion (DEI) practices contribute to organizational success, such as 70% more likely than their peers to capture new markets or 25% more financial returns above the national industry mean for companies that are top quartile for gender diverse executive teams.