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Sections1-5ofStrategicDiversityPlan21.pptx

1. Commitment From the Top 2. MISSION, VISION & VALUES 3. recruitment 4. retention 5. onboarding, training & development

Sections 1-5 of Strategic Diversity Plan

Commitment From the Top

Section #1

WHY IT MATTERS

Each organization has a unique business case for Diversity & Inclusion (D&I) success.

Must be clearly defined up front, or the D&I initiative will be perceived as a “feel good” effort rather than a business imperative.

A clearly defined, well-articulated Vision of Success, must be strongly supported by top management, because it helps all stakeholders to become actively involved in achieving success.

DIVERSE LEADERSHIP ACTIONS

CEO articulates the business case for D&I

Senior leadership guides all audiences towards a long-term commitment to D&I

CEO leads a culture that values differences and celebrates everyone’s unique talents

Sponsors and supports D&I efforts by being visibly present—at work, in the public eye and in the media

Leads in a culturally competent way by hiring and promoting diverse team members and surrounding him/herself with diverse executive team

WHO IS SENIOR LEADERSHIP?

CEO sets the tone

Articulates the importance of D&I

Surrounds him/herself with a diverse executive team

Champions D&I through C-Level Executives

Chief Diversity Officer

Business Unit Leaders (such as Directors of Food & Beverage, or Director of Hotel Operations) and middle managers execute D&I Plans and are held accountable

HOW DOES A LEADER DEMONSTRATE COMMITMENT TO D & I?

Employee Resource Groups

Team Building & Trust

Builds dedicated time into the work plan so employees are encouraged to actively participate

Listening—Roundtables and Customer Panels

Educate and Empower Leadership team

Show them the way by modeling company values, and let them manage their piece of D&I

Frequent Communication of Expectations

Set Goals, Measures Progress, and Holds Accountable

TWO OF THE BEST………..

HILTON—Chris Nassetta

https :// www.youtube.com/watch?v=IgauzKSoykk

MARRIOTT—Arne Sorenson

https://fortune.com/2017/05/26/marriott-ceo-diversity-inclusion/

There will be questions asked about these leaders on your quizzes and exams

Mission, vision & values

Section #2

IMPORTANCE OF MISSION, VISION & VALUES

DEFINITION-A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

WHY IT MATTERS-This helps to identify what’s important to the company for both its employees AND its external stakeholders. It should also be a differentiating statement of purpose that sets one company apart from its competition

EXAMPLES: CASINO

MGM Resorts International--MGM Resorts International is the leader in entertainment & hospitality - a diverse collection of extraordinary people, distinctive brands and best in class destinations. Working together, we create partnerships and experiences that engage, entertain and inspire.

Caesars Entertainment--Caesars is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technological leadership. Caesars is committed to corporate citizenship and being a responsible steward of the environment.

EXAMPLES: HOTEL

Hilton--Today, Hilton Worldwide remains a beacon of innovation, quality, and success. This continued leadership is the result of our staying true to our Vision, Mission, and Values. Our Vision is to fill the earth with the light and warmth of hospitality.

Marriott--Our core values make us who we are. As we change and grow, the beliefs that are most important to us stay the same—putting people first, pursuing excellence, embracing change, acting with integrity and serving our world. Being part of Marriott International means being part of a proud history and a thriving culture.

DIFFERENT STATEMENTS

Notice that Hilton and Marriott are focused on different things. Hilton is “owning innovation.” Marriott is basing success on “putting people first.”

Hilton wants to fill the earth with warmth, and Marriott refers to serving the world through its proud history.

One seems forward looking, and the other is taking a historical perspective.

Neither is better. Each works uniquely for the company and customers it serves.

RECRUITMENT

Section #3

OVERVIEW & DEFINITION

Recruitment refers to the organization’s desire and ability to attract individuals with a collective mix of similarities and differences.

These include not only race, religion, age, gender, ethnicity, military status, LGBT, but also differences in experience, values, and beliefs.

Do they provide internships and recruit from diverse universities?

TOOLS FOR DIVERSE RECRUITING PRACTICES

Posting opportunities on a variety of websites with different applicant types

Use of social media and retargeting so potential candidates find YOU

Specific universities—STEM concentrations (MIT, Carnegie Mellon) , Howard University (African American), Barnard College (women)

Specific skills base- Veterans and Military (operations and teamwork)

TOOLS, Cont’d.

Establish desired D&I metrics (Caesars - 50% women managers by 2025)

Use an inclusive recruiting team—are your interviewers as diverse as the people you wish to hire? Why would diverse people want to work for you?

Inclusive job descriptions—do job descriptions mention and welcome all applicants?

Consider the entire field before assuming “lead candidate”

Recruiting is expensive, so not following these simple guidelines will result in a company wasting money and not attracting diverse talent

RETENTION

Section #4

DEFINITIONS AND STATISTICS

Employee retention is a measure of what percentage of employees remain with a company for a period of time (usually one year)

Job satisfaction and employee morale are very closely linked to retention. Often, organizations measure these two outcomes through periodic surveys, employee round tables and exit interviews

Restaurant Retention rate: 17%

Casino Retention Rate: -250%

90% is considered healthy

Bureau of Labor Statistics

THE CASE FOR RETENTION

EMPLOYEE ENGAGEMENT FACTORS

Employee Recognition

Must align with company values

Allow for public and private recognition

Employees who feel pride in the organization and have clearly defined roles remain engaged

Are there diverse role models at all levels in the organization? Women or Hispanic mentors?

Are there formal and informal opportunities to connect to company mission and co-workers? (ERGs, volunteering, and social activities)

ERGs—Employee Engagement Groups

Employee Resource Groups (ERGs) are voluntary, employee-led groups that foster a diverse, inclusive workplace aligned with organizational mission and values

Other benefits include the development of future leaders, and increased employee engagement

EXAMPLES: Women in management, Early Careerists, LGBT, LatinX, Black Professionals, Pacific Islanders

90% of Fortune 500 companies report having ERGs

JOB SATISFACTION FACTORS

According to a Society of Human Resources (SHRM) Study, five factors impact job satisfaction:

1.Respect at all levels

2.Fair compensation

3.Trust between employees and senior leadership

4.Job security

5.Opportunities to use skills and prospects for advancement

TURNOVER-THE ENEMY OF RETENTION

Costly*

Bad for morale

Disruptive to employees remaining

Disruptive to guest service

Bad for company image and recruiting efforts

*Society for Human Resource Management estimated that companies spend an average of 42 days to fill a position and $4,129 per hire

HOW TO FOSTER RETENTION

Hire the right person from the start

Promote from within

Rewards and Recognition

Cross-training

ERGs and Mentoring

Leaders, not bosses

Involvement from the top

Competitive benefits and compensation

Retention strategies and plans—every day

Excepts from www.wheniwork.com and SHRM

24

ONBOARDING, TRAINING & DEVELOPMENT

Section #5

ONBOARDING DEFINED

Integrating an employee into an organization and familiarizing them with the culture

Setting the employee up for long-term success

A CRITICAL DIFFERENCE…..

ORIENTATION ONBOARDING

Short-term outlook Long-term success

ONBOARDING STRATEGIES

Ensure resources and tools are set up before they start (email, phone, office, badge, key card)

Introductions to colleagues and executive team

Spend time on company and department culture

Assign a mentor or “buddy”—often outside of department so new hire feels comfortable asking questions

Rotate through all departments

Establish specific milestones—30, 60, 90 days

Set expectations so employee knows what success looks like

THE CASE FOR TRAINING & DEVELOPMENT

Increases employee engagement

Increases employee retention

Helps establish a culture of investing in people

Helps to attract good talent for future company growth

Ensures employees’ skills, abilities and knowledge levels are being regularly updated

TRAINING & DEVELOPMENT STRATEGIES

Training objectives should be clearly defined

Training outcomes should be measured

Consider training delivery—online, classroom, individual, group

Is recurrent training required?

Reward employees who participate in extra or cross training

Development plans should be strategic and incorporate succession planning for company’s long-term success