2300 CEOs: Action for Diversity and Inclusion

What’s happening? In 2016, Tim Ryan of Price Waterhouse Cooper began forming a coalition of business leaders dedicated to diversity and inclusion. Now, he has 2300 CEOs signed onto the CEO Action for Diversity and Inclusion.

Why is this important?”CEOs who sign on make a pledge committing themselves to four specific actions: 1) make their workplaces areas of openness and trust to have difficult conversations about diversity and inclusion; 2) implement and expand unconscious bias training to help people understand and acknowledge their blind spots; 3) share best practices with each other and help other companies share stories of success and failure; and 4) share concrete inclusion and diversity plans with their own boards, or governing bodies, to ensure diversity, equity and inclusion (DEI) issues are prioritized.”

How will this be important? This group keeps increasing in numbers. Here Ryan says the current wage increasing and great resignation play into this. “What is happening now, by coincidence, wages are on the rise as the balance of power has shifted. There are more jobs than there are people. We had an aging population for a couple of decades in the United States, but we cut off immigration both at the high end and the low end, and as a result, there’s a massive gap between supply and demand of workers, and that’s putting pressure on wages, which I think is a good thing. It’s happening through natural forces and I hope those gains hold.”

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