EIC 2022 Equity Study Key Insights and Recommendations

What We Learned

The EIC’s Equity Task Force Equity Benchmarking Study was a productive, insightful and telling exercise which illuminates the complexities of conducting a sentiment survey with a global scope. At a high level we can: Observe global data points that confirm a varying degree of understanding of DEI.

Validate the Task Force’s concerns regarding systemic racism.

Identify key issues to solve for and measure against that are synthesised by the data.

1. Inconsistent Global Understanding of DEI Ownership: Do I understand the nuances of DEI & act accordingly?

When observing how survey participants reflect their understanding of DEI by global region, the study’s heatmap relating to the Ownership dimension shows varying degrees of comprehension by individuals globally relating to DEI. Unfortunately, inconsistent sample sizes in the survey prevent us from adequately comparing the entire data set, but taking the top three regions by sample size shows us ‘understanding DEI’ appears to be on a sliding scale when observing ‘heat map’ scoring:

#2 Europe Heat Map Score: 3.72 (5.5% of sample)

#1 North America Heat Map Score: 4.00 (86% of sample)

#3 Eastern and South-Eastern Asia Heat Map Score: 3.49 (3.7% of sample)

While it is a challenge to benchmark DEI across the global industry when the baseline understanding varies regionally, adopting a more regionalised and local approach will improve outcomes. In addition, and as mentioned before, a significant trend is noticed where the same ethnic group often has different DEI perceptions depending on their job grade. This might indicate that variances in the understanding of DEI are likely present at a cross- section of individual traits in addition to global regional differences.

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