Alpha’s Ethnic & Cultural Diversity (ECD) Committee have been working to develop a framework to help us, and hopefully others, address ethnic, racial and cultural discrimination in the workplace and to promote and enhance diversity at all levels.
Whilst discrimination of this type is not something new, 2020 saw a surge in dedicated, hard work by employees and leadership teams to implement initiatives to eradicate the issue in their organisation.
There are a number of initiatives and policies that can be put in place to support the needs of your employees from an ethnic minority background.
Understanding which are best for your organisation and what your current state is can be a daunting and difficult exercise. In order to help navigate our journey, the ECD Committee has used research within the Asset Management and Consulting industry and beyond to develop a framework – Communicate, Act, Respect, Educate (C.A.R.E).
Eradicating discrimination, promoting diversity and being effectively inclusive are all markers on the journey to ethnic & cultural diversity. This journey, although still in its infancy, will have varying levels of maturity which can be assessed using a number of quantitative and qualitative factors. Each organisation is likely to have different routes to reaching the journey goal as a ‘one size fits all’ approach does not recognise the intrinsic differences between organisations.
Starting the Journey
Having launched the Ethnic & Cultural Diversity Committee in April 2020, Alpha has started the journey to understand and improve our ECD initiatives and practices.
The Maturity Curve below illustrates a high-level outline of the journey to a more ethnically and culturally diverse workforce and company culture. Alpha’s ECD team will be plotting our progress through a series of articles focusing on what we have implemented and how the C.A.R.E. framework is helping our journey.
Look out for upcoming articles detailing our journey and what we’re doing at Alpha to create and foster equity, diversity & inclusion. In the meantime, please contact us if you wish to find out more from our ECD team.