A sense of belonging is just as important an employee retention tool as good pay and benefits, a new academic paper has found.  In his paper Creating a committed workforce: Using social exchange and social identity to enhance psychological attachment within an ever-changing workplace, Dr Ali Fenwick of Nyenrode Business Universiteit, Breukelen, the Netherlands., argues that identifying with the team, leader, brand and organisation is paramount to workplace commitment as well as work performance. More →

Investment in diversity programmes has become commonplace: 98 percent of companies offer such programs. But that investment is falling far short of the mark: three-quarters of employees in diverse groups—women, racial/ethnic minorities, and those who identify as LGBTQ—do not indicate that they have personally benefited from their companies’ diversity programmes. This is one of the findings of Fixing the Flawed Approach to Diversity, a report from Boston Consulting Group (BCG). The report claims that a key impediment to progress is that older men (age 45 or older), who often lead decision making within corporate environments, are underestimating the obstacles in the recruiting, retention, and advancement of female and minority employees by 10 percent to 15 percent, as measured by comparison with the estimates of members of those actual groups: women, people of colour, and LGBTQ employees. This can lead to a misallocation of resources and a lack of investment in programs that could otherwise have the largest impact.

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