Parity.Org announced its new ParityMODEL for People of Color in Leadership, available for download here. The ParityMODEL is based on extensive research and in-depth insights from organizations that have succeeded in attracting, promoting, and retaining employees of color. The proprietary framework from Parity.Org stands on three key pillars of Representation, Equality, and Inclusion. It empowers leaders with insight into the specific policies, practices, and approaches that effectively remove barriers and ensure people of color have equal opportunities to advance and succeed.
The ParityMODEL for People of Color in Leadership is designed to be used with the ParityMODEL for Women in Leadership. Among businesses that have downloaded the ParityMODEL for Women, 97.33 percent agreed that the best practices influenced their organization’s DEI strategies and approaches. 66.67 percent said it helped them improve their recruitment practices. 46.67 percent said it helped their organizations more effectively measure pay parity or improve their existing pay assessment programs. Leaders can expect the same from the ParityMODEL for People of Color.
“Creating an equitable business from the top to bottom is, or should be, top of mind for every business leader. Yet people of color currently occupy just 17 percent of C-Suite positions, despite representing 31 percent of the entry-level workforce. Changing this reality won’t happen by accident. It will require intentional actions, which is where the ParityMODEL comes in,” said Cathrin Stickney, CEO and founder of Parity.Org. “We’ve created this first-of-its-kind, practical roadmap to give companies a very tangible understanding of what they can do to remove barriers, and more effectively attract, develop, and retain people of color.”
How would ParityMODEL benefit your business?
Companies can use the ParityMODEL in every corner of their organization:
- Specific recruitment strategies.
- Tips on how to mitigate bias in hiring and promotion processes.
- Best practices for measuring progress.
- Critical considerations when designing benefit packages.
The ParityMODEL for People of Color in Leadership was underwritten by Cisco and Capri Holdings Limited (Versace, Jimmy Choo, Michael Kors). Both organizations are strong advocates for the advancement of employees of color in their own businesses.
“When we took a hard look at our own goals at Cisco, we determined we weren’t thinking big enough. Ultimately, we decided to increase the representation of people of color by 75 percent at the director and executive level. We know more diverse talent at the top naturally results in more diversity throughout,” said Kelly Jones, Chief People Officer at Cisco Systems. “We chose to underwrite the ParityMODEL for People of Color in Leadership because it’s exactly the resource we were missing – and wish we had – when we undertook this mission. And we want others to have a leg up when they commit to DEI, too.”
“What we really admire about the ParityMODEL is how prescriptive it is. It’s not just suggesting principles that can guide an organization. It’s sharing specific, actionable tips that every team within an organization can implement,” said Semoneel Bamboat, Global Head of Diversity & Inclusion and Talent Acquisition at Capri Holdings. “For example, Capri invests in students to fuel our talent pipeline for the future. And Parity.Org has included steps on how to do it. It advances Capri’s goals to ensure the future of fashion is diverse, and this guide helps accomplish that.”
Download both ParityMODELs here, and please reach out to Dina Schenk, President of Parity.Org, for any inquiries.
Parity.Org is a 501(c)(3) not-for-profit and leading impact organization. Its mission focuses on increasing the representation of women and people of color in organizational leadership, where the gap is the widest. With a pragmatic and research-based approach, they offer a range of practices and industry-leading tools for reaching and sustaining parity in leadership. Learn more at Parity.Org and follow us on LinkedIn.
About the ParityMODEL
The ParityMODEL is an evidence-based whitepaper based on primary and secondary research. It covers the policies, benefits, practices, and approaches that the most diverse organizations employ to ensure that women and people of color have equal opportunities to advance and thrive. The practical how-to guide stands on the three pillars of Representation, Equality, and Inclusion. It includes both written narrative as well as user-friendly checklists of specific tactics and best practices. Many are free or very low-cost to implement.
Parity.Org, the ParityPLEDGE, the ParityMODEL, the ParityINDEX, and the ParityLIST are trademarks of Parity.Org.
What can CEOs actually do to promote diversity? Learn more here.