| | MAY - 2023MANAGEHRMAGAZINE.COM8Regulators are increasingly demanding that employers pay close attention to diversity and inclusion (D&I) and workplace culture, with a steady ratcheting up of legislation and regulations that include a requirement for published metrics. These can include detail on the gender pay gap and the ethnicity pay gap, as well as voluntary reporting of the LGBTQ+ pay gap.This year is witnessing a growing diversity and inclusion trend for companies to set transparent targets, goals, and D&I initiatives. It is helping companies increase the accountability of people in leadership positions, encourage honest conversations between employees and their bosses, and inspire them to share ideas and solutions.Merging D&I parameters with talent acquisition tools is significantly helping organizations to attract a diverse workforce, reduce unconscious bias in the recruiting process, and facilitate effective candidate selection. Listening and engagement software is another important technology for effectuating D&I. The technology can measure differences in how a manager or a senior employee communicates with junior employees through workplace communication platforms (such as email, chat, and calendar), providing a detailed analytical report of these conversations through which senior employees can understand if they are communicating inclusively.Driven by such innovations, the global diversity and inclusion (D&I) market is projected to reach U.S.$17.2 billion by 2027, with a compounded annual growth rate (CAGR) of 12.6 percent over the period 2020-2027.To put the spotlight on such key developments in the industry, Manage HR illustrates how developing a diversity and inclusion strategy that educates and gives employees a chance to embrace diverse people, for your business is important. The list includes thought leadership articles from Sacha de Klerk, Head of Diversity, Equity and Inclusion, Canada; Celeste Warren, Vice President Global Diversity and Inclusion COE, Merck; Amy Clark, Senior Vice President, People Services, Colliers International. In this edition of Manage HR, we also bring to you the story of the top D&I service providers. In the list, Innoviant Consulting stands out for offering diversity and inclusion programs designed to provide strategic business benefits along with the social or moral gains of having a diverse workforce. Through the following pages, we aim to shine a light on the innovative trends and latest developments in the diversity and inclusion services space. We would like to know your thoughts.EditorialD&I as an Imperative to Offering Better Business Outcomes VisualizersRonald DonovanAlex GonsalvesManaging Editoreditor@managehrmagazine.comAlex GonsalvesManaging EditorAlex GonsalvesCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@managehrmagazine.comeditor@managehrmagazine.commarketing@managehrmagazine.com MANAGE HR MAGAZINEMAY - 14 - 2023, Volume 04, Issue 17 (ISSN 2832-3564)Published by ValleyMedia, Inc. To subscribe to Manage HR MagazineVisit www.managehrmagazine.com Editorial StaffAaron PierceAbner Lawrence Ava GarciaGina ClumskyPhilo VazRussell ThomasTiffany HayworthYenny Turner
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