BUsiness Leaders

Build a More Equitable, Profitable Workplace

Don’t Let Racial Inequity Impact Your Bottom Line

Employee turnover due to racial inequity cost U.S. businesses up to $171 billion over the last five years. That number is tied to something that was previously hard to measure: a lack of workplace empathy. According to the Blue Ribbon Commission Report on Racial Equity, developing inclusive workplaces is impossible without first creating empathetic work cultures where employees and employers learn to appreciate differences and different perspectives. That’s where the value of a SHRM membership comes in. Membership provides access to the latest diversity, equity and inclusion news, resources, tools and complete HR solutions to help you build a better world of work. It now even includes access to a special members-only empathy report. Leverage the report’s insight to objectively measure where your organization stands and where it needs to grow to become a more inclusive environment.

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We All Pay a Price for Racial Injustice

$171.9B

Cost of turnover in U.S. businesses in the last five years due to unfair treatment of employees based on race or ethnicity.

$58.7B

Cost of productivity lost by U.S. businesses in the past year due to unfair treatment of employees based on race or ethnicity.

$54.1B

Cost of absenteeism to U.S. businesses in the past year due to unfair treatment of employees based on race or ethnicity.

Membership Makes a World of Difference in Organizational DE&I

As a SHRM member, you and your HR team will have access to a wealth of research and exclusive discounts on specialized team trainings and individual SHRM eLearning courses. This insight and instruction will, first, make you more aware of bias, and then outline practical actions you can take to overcome it, such as creating inclusive workplace cultures and actively recruiting for diversity.

Resources