TD professionals are in the best position to help DEI leaders make the progress companies need to keep moving forward.

By Patti P. Phillips and Rebecca L. Ray

This article was original published in TD Magazine’s February 2023 issue.

Since 2019, efforts to hire for the diversity, equity, and inclusion function have accelerated. According to The Conference Board-Burning Glass Help Wanted Online Index, DEI job ads increased by 227 percent between January 2015 and December 2021, with a 56 percent jump between 2020 and 2021. In addition, demand for executive-level DEI leaders between 2020 and 2021 increased by 32 percent. Sadly, those senior-level DEI positions bring with them higher levels of attrition. The average tenure for a chief diversity officer is less than two years.

The Conference Board’s Evolving Role of the DEI Leader report reveals that turnover of DEI leaders can be attributed in part to the discrepancy between what the job ad calls for and the work the new leader must accomplish. Impassioned individuals join the ranks of senior leadership only to be overwhelmed with the volume of requests and lack of support. The good news is that is beginning to change as the DEI leader’s role evolves.

While DEI becomes a core tenet of a company’s culture and a competitive advantage, the talent development function can help ensure those leaders are successful. DEI and TD are both focused on people and performance, creating prime opportunities for a symbiotic relationship where they can support each other’s goals.

How the DEI leader’s work is changing...Read More