So often in life it is only through adversity that we recognize how resilient we are and how we can adapt quickly. When it comes to the workplace, COVID-19 has tested both our resilience and adaptability. Working in travel we have had to pivot quickly, supporting our customers and travelers as they navigate a rapidly changing environment and take steps to rebuild our industry.
Now, I believe that leaders across our industry and others need to apply this same creativity to tackle the enduring challenges that surround workplace diversity and inclusion (D&I).
For me, a core learning from the past almost two years is that we need to challenge inequalities in the workforce if we are to build more enduring, resilient, and sustainable organizations. But how should we do it?
The case for D&I has always been clear. Not only is building a diverse and inclusive workplace the right thing to do, but it is a business imperative too.
According to a McKinsey series investigating the business case for diversity, the relationship between diversity on executive teams and the likelihood of financial outperformance has strengthened over time. Companies in the top quartile for gender diversity on executive teams were 25 percent more likely to have above-average profitability than companies in the fourth quartile—up from 21 percent in 2017 and 15 percent in 2014. Amadeus is committed to ensuring a diverse and open workspace for all its employees, which also extends to its Board of Directors. With the recent appointments of Jana Eggers and Amanda Mesler as Directors, the female representation on our Board is now 38.5%. We will continue to make progress here and bridge the gap as opportunities arise.
Diverse teams and inclusive cultures lead to higher individual performance, with all employees being more engaged and motivated. It’s also associated with higher group performance because diversity of thought and experience leads to better decision-making, particularly when compared to more homogenous groups.
It is only by embracing different backgrounds, cultures, and life experiences that businesses can thrive and develop. This is especially true of organizations that are built upon innovation, as innovation can only flourish when fueled by diversity of perspective and viewpoint.
Despite such compelling evidence, material progress has undoubtedly been slower than many of us would hope. In the same McKinsey report, it was found that ethnic minorities representation has also remained stagnant, with the proportion of black, Asian and minority ethnic people in some of the 1,100 most powerful jobs in the UK barely moving since 2017.
Another McKinsey study examined workplaces around the world during COVID-19 and found that women and ethnic minorities employees are disproportionately experiencing workload increases, issues of workplace health and safety, mental health challenges, problems with work-life balance, feelings of isolation, and more.
Gender equality is an area that has particularly taken a step back, with a World Economic Forum report showing that the length of time until women and men are truly equal has increased from 99.5 years to 135.6 years in the space of just twelve months.
Employment is an area where the worst impacts on equality have occurred. When COVID-19 began in early 2020, women held more jobs in the US than men for the first time since 2010. One year later, according to the Bureau of Labor Statistics, women lost one million more jobs than men, including all 156,000 job losses in December 2020.
While much of the drop in participation has been due to women’s jobs being in most pandemic-hit sectors, many women were also forced out of the labor market to pick up care responsibilities during lockdowns. According to the European Commission, lockdowns had a significant impact on unpaid care and work-life balance, as women spent, on average, 62 hours per week caring for children (compared to 36 hours for men).
Simply put, many pre-existing inequalities have been amplified during the pandemic.
This all seems very negative in the context of accelerating progress in D&I, but I think there is room for renewed optimism and renewed focus, even as the pandemic endures.
Amadeus is committed to helping the career progression of women in technology. We are working towards a greater gender balance across the entire organization and believe in equal career progression opportunities for all. We also understand the need for flexible work arrangements for all our employees, regardless of their gender. While many parts of the Amadeus business have equal representation of both genders, there are still areas such as R&D and engineering where we would like to see more women participating.
Where should businesses be focusing? What are the steps that need to be taken and the processes that must be implemented to build a truly inclusive culture?
Here are five strategies that can help us to build back better and some of the measures we are championing at Amadeus:
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