What Are the Differences Between Diversity, Equity, and Inclusion?
Some organisations replace the word ‘Equity’ with ‘Equality’ when they refer to DEI. While this doesn’t change the general idea of the term, there are differences in meaning. Usually, equity refers to giving individuals tools or support that meet their specific needs.
Equality means giving everyone access to the same opportunities. More broadly, equality reflects a sense of fairness and equal opportunity. In the case of creating proper workplace opportunities, equity is a more appropriate term and we’ll explain why in the breakdown below:
Diversity
Diversity is an awareness that each employee is unique and that what makes us different can be our strength at work. For instance, studies show that gender-diverse leadership teams can expect a 25% increased chance of higher profits.
Equity
Equity recognises the unique skills and talents of each individual and finds the most appropriate ways to support them. It strives to remove barriers to access for individuals and allow them to bring their full strengths to work.
Inclusion
Inclusion promotes acceptance, recognition, and belonging. An inclusive culture has a sense of community, where each employee feels able to take part in all activities and to make an impact.