Dive Brief:
- The 2015 Human Rights Campaign Foundation's Corporate Equality Index (CEI) set a new record for the number of businesses that earned a top score of 100 percent in equality.
- That record-breaking number, however, is only 366 companies in all of America that were found to be fully inclusive. While it's a start, it's also a reminder of how far workplaces have to go in embracing equality, according to an article in Adweek on the business benefits of LGBT equality in the workplace.
- Phil Schraeder, CFO/COO and chief culture officer at GumGum, writes that corporate and HR executives shouldn't focus on LGBT inclusion and equality only because it's the right thing to do. They should also do so because it's good for their businesses.
Dive Insight:
The author says that the benefits to employers who reach out to the LGBT community won't end by landing the "best and the brightest" LGBT millenials alone.
"Whether they're members of the LGBT community or not," he writes, "millennials want to work for socially responsible companies. When a corporation institutes new non-discrimination protections or updates its benefits and diversity practices to be more inclusive, it sends a powerful signal to an entire generation that the company cares about doing what's right. In many cases, that signal can be more powerful for recruiting than even the promise of big paychecks."
"If corporate America can reach the LGBT community and demonstrate genuine support, it will have a huge impact on business and equality all at once," he wrote. "It's great that there are now 366 fully inclusive and equal companies in America, but there are many thousands more to go."