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  • Diversity in a downturn

    Diversity in a downturn

    Diversity in a recession. Leaders say their criteria layoff is the function of employment and is colorblind, written Kavel. According to March data, the female unemployment rate increased by 0.9% while that of men ticked up 0.7%. Kavel has advice on how leaders can avoid slashing diversity as they try to cut costs. This slowdown, of course, is different than the previous, but the pointthat treatment of marginalized workers bellwetheris data can be one to keep in mind. And 2019 research Fortune and Great Place to Work partner explains why the stakes of such consideration are so highbeyond individual livelihoods. previous The S & P 500, for example, declined from 35.5% of equity performance in the period between 2007 and 2009, while companies whose key employee groups have very positive experiences reported a gain of 14.4%. Write to HBR, Alexandra Kalev, a sociology professor at Tel Aviv University, said that based on his research, executives Whos determined laid off according to each job or money and drained terms of race diversityin and genderfrom their teams Consequently. One factor is that women are over-represented in the types of jobs being positions of slashedservice industry in hospitality, travel, and retail, for example. As Elise Gould of the Economic Policy Institute told NPR last week, discrimination in the labor market has led a disproportionate share of women in jobs that may be subject to job loss. Sixty percent of the 700,000 jobs lost last month belonged to women. thats seen some 22 million lose their jobs in a period of four weeks was particularly brutal to women. They are less likely to be managers, who are more likely to keep their jobs in rounds of layoffs, she said