The 2023 Workplace Equity Trends Report
How leaders are approaching pay equity, diversity, and transparency
As you gear up for 2023 planning, inform your strategy with insights from the latest Workplace Equity Trends Report.
Between a tight labor market, an intensifying spotlight on pay transparency, and the rise of ESG reporting, companies face mounting demands from stakeholders on all sides to achieve progress on diversity, pay equity, and transparency.
Syndio surveyed professionals and leaders primarily in HR, Total Rewards, and DE&I in order to identify trends, priorities, and sentiment around workplace equity initiatives.
This year’s survey showed that workplace equity remains a priority for businesses even in a volatile macroeconomy — 50% see their programs continuing to increase in priority in 2023.
Below are just a few key takeaways to level up your workplace equity programs next year — download the full report for more in-depth insights.
Expand your definition of diversity beyond gender and race.
Organizations that track at least six employee identity groups are 64% more likely to strongly agree that they effectively build diverse teams at each level and 10% more likely to strongly agree that they effectively develop talent from historically underrepresented communities.
Build equity into more of the employment journey.
Organizations that regularly conduct at least six types of workplace equity analysis across the employee lifecycle are 86% more likely to strongly agree that they effectively build diverse teams at each level and 71% more likely to strongly agree that they effectively develop existing talent from historically underrepresented communities for leadership roles.
Increase transparency about your action plan and progress.
High transparency organizations (i.e. those that strongly agree that they publish enough information for meaningful public accountability) are 3x as likely to strongly agree that they effectively build diverse teams and develop talent.
The more data you have to drive decision making, the higher your chances of setting and achieving realistic goals.
Companies that have a good handle on their analytics feel they have a stronger workplace equity program. However, three out of four companies see room for improvement in how they measure their workplace equity programs.