Diversity officers are in the hiring line, but do they work?
Since the Black Lives Matter movement has ramped up, more companies are ensuring they have a diversity officer, but the turnover is high
Detroit — Chief diversity officers have become a hot item in US C-suites, with hirings setting records and big-name companies, such as Levi Strauss & Co, poaching peers for management talent.
After the police killing of George Floyd touched off mass protests demanding more equity for black people last year, new hires of diversity chiefs in the S&P’s 500 Index jumped to as many as a dozen monthly — almost triple the rate of the previous 16 months, according to research from executive recruiter Russell Reynolds Associates. A separate analysis of a broader group of public companies found that at least 60 firms appointed their first diversity leaders since last May. ..
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