Annual Spectra Assessment Report (ASAR) featuring small and medium sized businesses
On May 20, 2021, Spectra Diversity released the inaugural issue of its Annual Spectra Assessment Report (ASAR). The first of its kind, the ASAR looks at small and medium sized businesses (SMBs) and educational institutions, rather than at the Fortune 500 organizations examined in other reports.
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The ASAR is based on the Spectra Diversity Inclusion Assessment, the only validated dual diversity and inclusion (D&I) assessment that measures both individuals and the organization as a whole. The unique benefit of Spectra Diversity’s dual assessment is that it enables organizations and educational institutions to see where they rank on key D&I measures while also giving individuals insights into their beliefs and their interpersonal skills.
The statistically significant findings in the ASAR come from analyzing data from 7,433 respondents working in nine different industries. The intent of the ASAR is to provide additional insights into the diversity, equity and inclusion (DEI) progress being made, gaps that exist, and provide a path forward as organizations expand their efforts to provide inclusivity as well as diversity within their ranks.
“Many CEOs are unsure where to begin. Organizations need to assess the situation first, so they gain a clear understanding of which issues they need to focus on,” said Chris Jones, Spectra Diversity CEO and founding partner.
Key findings from the ASAR confirmed the hypothesis that multi-racial, Black and/or LGBTQ employees would be more dissatisfied with management compared to straight white men. Overall, the research revealed that participants have more positive feelings about their organization’s culture than with its management and/or its policies, practices and procedures (3Ps).
“An organization’s policies, practices and procedures (3Ps) can negatively impact underserved employees such as LGBTQ people who may not feel comfortable ‘being themselves’ at work as well as older employees who want to stay on the professional ladder,” Jones said. “These and other underserved people aren’t as wild about their managers and often don’t like the rules of the road.”
However, the ASAR found less statistical differences among respondents in their individual beliefs related to diversity and inclusion. Differences were noteworthy by age more than by race/ethnicity, gender identity or sexual orientation.
Interpersonal skills, which – like individual belief systems – are formed over time through experience and cultural influences, also highlight the differences between various participant groups. Interpersonal skills include the ability to listen without judgement, speak in an inclusive manner, conduct conversations with those who are different and have insights into one’s own biases.
“It’s important to remember that inclusion is a journey, not a destination,” Jones said. ”Tough conversations are hard to undertake yet discussing diversity is a skill that can be learned.”
At last, organizations are beginning to recognize that diversity, equity and inclusion (DEI) is not only the right thing to do but is the wise thing to do from a business perspective. Research shows that diversity alone is not enough. Inclusion is the key ingredient that brings real results. Without it, diverse hiring is a revolving door as diverse talent leaves when they’re not truly embraced.
“One of the aftermaths of the pandemic is the shift to technology-enabled remote working,” Jones said. “While it’s an opportunity for companies to accelerate building an inclusive and agile culture, it challenges existing management routines. With increased flexibility, remote working can facilitate retention of women and minorities, who often shoulder a disproportionate share of family duties, and widen access to diverse talent that previously may not have been available to companies.”
Download the Annual Spectra Assessment Report (ASAR)
Contact us to learn more about the Spectra Assessment for small and medium sized businesses, associations and educational institutions or to schedule a demo.