Get the Software That Helps Create a More Diverse, Equitable and Inclusive Workplace

Our health and safety software tools empower your workforce by collecting and managing information and helping streamline the implementation of DEI strategies in the workplace

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What is DEI?

DEI stands for diversity, equity, and inclusion. It is the general term used to describe the strategies and practices aimed at creating a workplace that celebrates people with different experiences, backgrounds, and opinions.

Employees cannot do their best work unless their basic needs for safety, respect, and belonging are met.

DEI initiatives help workplaces foster a more inclusive environment that values people of all races, ages, gender identities, sexual identities, people with disabilities, and other identities.

DEI table

The Benefits of a More Diverse, Equitable and Inclusive Workplace

The benefits of implementing DEI strategies in the workplace can’t be understated. In fact, they’re supported by statistics. Companies that go the extra mile to make sure their employees feel respected, have the tools they need to do their jobs, and celebrate diversity are outperforming their counterparts in just about every aspect from employee satisfaction to actual financial gains.

A study conducted by McKinsey & Company found that ethnically diverse companies are 35 percent more likely to have financial returns above their respective national industry medians.

According to a Deloitte survey, 80 percent of workforce respondents said inclusion efforts were an important factor when choosing a company.

According to a study by Harvard Business Review, diverse companies are 70 percent likelier to capture a new market and 45 percent more likely to report increased market share year-over-year.

These statistics aren’t a coincidence. Employees can’t do their best work until their basic needs for safety, belonging and equity are met first. More diversity, inclusion, and equity in the workplace results in more perspectives being brought to the table, happier and more engaged employees, and therefore increased returns.

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The Importance of Successful Implementation

DEI practices are only as strong as the quality of their implementation. A workplace with successful DEI strategies not only boasts more financial gains, but happier, more engaged employees.

According to a study done by Global Industry Analysts Inc., companies that correctly implemented DEI policies “earn 2.5 times higher cash flow per employee and are more productive by over 35 percent” compared to companies with no DEI strategy.

Creating A DEI Statement

According to a study from Culture Amp, only 50 percent of companies with DEI policies report having a DEI statement, a necessary component that shows your company's values and provides a blueprint for employees to follow. Kokomo24/7®’s DEI statement, for example, not only highlights our motivation behind working toward a healthier workplace, but also recognizes the various forms of diversity and the work that still needs to be done to achieve an authentically healthy workplace. You can read our statement below:

“Kokomo24/7® is committed to fostering a diverse, equitable, and inclusive workplace where everyone feels valued, respected, and empowered to bring their unique perspectives and experiences to the table. We recognize that diversity comes in many forms, including race, ethnicity, gender identity and expression, sexual identity, age, ability, religion, socio-economic status, and more. We also know there is more work to be done to create an authentically diverse and equitable workplace and are devoted to our ongoing learning efforts, growth and improvement in all areas of a healthy workplace.”

The most common way most workplaces kickstart DEI programs are in four phases: data gathering and analytics, creating policy based off those results, acting on those policies and then measuring and improving those policies.

DEI landing page 4 phases graphic-2

How Kokomo24/7® Can Help

Help Workplaces Create a Healthy Work Environment

Kokomo24/7® custom forms and surveys give employers the ability to gauge their employee’s opinions and perspectives to best implement the most effective and appropriate DEI strategies within the company.

Did you know that only 40 percent of companies with DEI policies in place use surveys to collect employee feedback?

Commonly, questions on these surveys ask how diverse people feel the company is, how equitable and fair the executive team and its policies are, as well as how safe employees feel at work.

Collect the information you need to help implement DEI strategies, when you need it

Kokomo FORMS™ - Forms and Surveys

Stay on Top of Incidents as They Happen

Kokomo24/7® Incident Management software allows employers to easily track and store employee incidents, leading to better solutions and a safer work environment

From reporting and monitoring to responding and recovering, Kokomo24/7® CASES puts the power in everyone’s hands.

Kokomo CASES™ - Incident Management

Nurture a Safe Workplace

Kokomo24/7® Anonymous Reporting tool allows employees to discreetly report when they witness concerning behavior, leading to a more inclusive work environment.

Did you know that 55 percent of people have experienced discrimination at work?

Empowering safe reporting

Kokomo ESCALATE™ - Anonymous Reporting

Bring DEI To Your Workplace

Implementation of DEI strategies in the workplace includes collecting employee data, analyzing it, setting clear and measurable goals based on your company’s needs, and holding your workplace accountable to them. Then, follow up with employees and improve your policies based on feedback.

The benefits of implementing DEI strategies in the workplace can’t be understated and are supported by statistics. The fact is, companies that go the extra mile to make sure their employees feel respected, have the tools they need to do their jobs, and celebrate diversity are outperforming their counterparts in just about every aspect from employee satisfaction to actual financial gains.

DEI is not a quick fix for corporate issues and will not transform your company overnight but is a key first step to proving your company’s commitment to creating a diverse, fair and inclusive environment. A workplace with successful DEI strategies not only boasts more financial gains, but happier, more engaged employees.

Read our blog series to learn more about the benefits of DEI

https://www.forbes.com/sites/eriklarson/2017/09/21/new-research-diversity-inclusion-better-decision-making-at-work/?sh=1a35e8164cbf
https://www.cultureamp.com/resources/diversity-inclusion/2022-workplace-dei-report?submissionGuid=7a9ba1db-819c-43f2-85b0-a18e0fa55b02https%3A%2F%2Fwww.cultureamp.com%2Fresources%2Fdiversity-inclusion%2F2022-workplace-dei-report%3FsubmissionGuid
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/about-deloitte/us-about-deloitte-unleashing-power-of-inclusion.pdf
https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/why-diversity-matters
https://www.gallup.com/workplace/401573/workplace-equity-dei-why-matters.aspx
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-inclusive-mobility-mobilize-diverse-workforce-drive-business-performance.pdf