Developing a Diverse Workforce in Japanese Companies

DEVELOPING A DIVERSE WORKFORCE IN JAPANESE COMPANIES

APRIL 1, 2016NOZOMI MORGAN

MICHIKI MORGAN WORLDWIDE LLC

© 2016 Michiki Morgan Worldwide LLC

JAPAN –AMERICA SOCIETY OF GEORGIA PRESENTS

EXECUTIVE ROUND TABLE SERIES

WELCOME AND INTRODUCTIONS


AGENDA7:30am Welcome and Introductions7:45am Insights8:00am Discussion8:30am Key Takeaways8:45am Wrap Up9:00am Event Concludes, Informal Networking


REMINDERS

Parking Phone Restroom


Nozomi Morgan

Can you create three icons with each image of cell phones, restroom and parking?

WHAT YOU WILL TAKE AWAY TODAY...• Deepen understanding of

the topic• New insights to bring back

to your organization• Executive summary of key

takeaways


GETTING THE MOST OUT OF TODAY• Be fully present• Be open-minded to new and

different views and ideas• Be open to speak your mind

and share your experiences and perspectives

• Honor confidentiality• Permission to record


INSIGHTS


COMPANIES ARE FACING BIG CHANGES

“By 2020 more than half of the workforce in most countries will be Millennials, more non-Caucasian babies are born in the Unites States than Caucasian, women are earning more degrees and advanced degrees than men, and McKinsey estimates that by 2025 half of the world’s largest companies will be headquartered in emerging economies.”

– Fast Company


FOUR DRIVERS OF CHANGE

Source: The Global Human Capital Trends 2016, Deloitte University Press © 2016 Michiki Morgan Worldwide LLC

BY 2025 , MILLENNIALS WILL BE 75% OF THE US WORKFORCE

75%

Source: 2015 Pew Research Center and 2015 Department of Labor


WOMEN ARE UNDERREPRESENTED AT EVERY LEVEL

Source: Women in the Workplace 2015 Study, Leanin.Org and McKinsey & Company


WHAT DOES DIVERSITY MEAN?Ethnicity RaceReligionGenderAgeLanguage

Sexual orientationSkillAbilityWork styleFamily structure

ExperienceBackgroundPerspective


WHAT DOES DIVERSITY MEAN?

“ Diversity means all the ways we differ. Some of these differences we are born with and cannot change. Anything that makes us unique is part of this definition of diversity. ”

T. Hudson Jordan, Director, Global Diversity & Talent Strategies, Pitney Bowes, Inc. © 2016 Michiki Morgan Worldwide LLC

RISK AND OPPORTUNITIES OF DIVERSITY

“…If you cannot answer the diversity question clearly and favorably when it is asked in the recruiting process, people are going to choose to work elsewhere.”

Troy Datcher, Vice President, The Clorox Company © 2016 Michiki Morgan Worldwide LLC

COMPANIES ARE STRUGGLING …

56% report their companies are not ready to meet leadership needs

86% of business and HR leaders believe they do not have an adequate leadership pipeline

75% are struggling to attract and recruit the top people they need

Source: The Global Human Capital Trends 2014 and 2016, Deloitte University Press© 2016 Michiki Morgan Worldwide LLC

70 PERCENT OF U.S. WORKERS ARE DISENGAGED

Source: Gallup's 2015 report State of the American Manager: Analytics and Advice for Leaders


FIVE ELEMENTS OF IRRESISTIBLE COMPANIES

Source: Becoming Irresistible: A New Model for Employee Engagement, 2015 Deloitte Review


INCLUSIVE CULTURE FOSTERS ENGAGEMENT“ 83% of millennials are actively engaged when they believe their organization fosters an inclusive culture. ”

Source: Billie Jean King Leadership Initiative and Deloitte 2015


WHY DOES DIVERSITY MATTER• The 1,100 employees at Google’s facilities in India come

from a spectrum of religious backgrounds and speak several Indian languages in addition to English. This diversity has resulted in Google Finance, Google’s first innovation born in a foreign R&D center.

• PepsiCo has 50% hiring requirements for women and minorities; has an India-born woman, Indra Nooyi, as its CEO; and attributes one percentage point of PepsiCo’s 7.4% revenue growth, or about US$250 million, to new products inspired by diversity efforts.

• HP developed its new Latex Printing Technology through teams consisting of 120 engineers working together in four countries; the company believes that diversity of teams was critical to the project’s success.

• As of 2008, Procter & Gamble had delivered, on average, 6% organic sales growth since the beginning of the decade, virtually all of it driven by innovation from diverse teamsSource: EY “Assemble and unleash a diverse workforce” 2015 © 2016 Michiki Morgan Worldwide LLC

WHY DOES DIVERSITY MATTER• Diverse workforces perform better.• In the United States, every 10 percent

increase in racial and ethnic diversity on the senior-executive team, earnings before interest and taxes (EBIT) rise 0.8 percent.

Source: 2015 McKinsey Analysis


Nozomi Morgan

The content and image comes from here http://www.mckinsey.com/business-functions/organization/our-insights/why-diversity-matters

FROM DIVERSITY TO INCLUSION“These differences bring a depth and variety of ideas to our business that cannot come from any other source. They are the keys to finding new solutions to business challenges and new opportunities from unique insights. Creating an inclusive environment is absolutely critical to ensure that we can benefit from these diverse viewpoints, diverse ideas and diverse perspectives.”— Ian Cook, Chairman, President and Chief

Executive Officer of Colgate-Palmolive Company


• What does diversity mean to your organization?

• How would a diverse workforce benefit your company?

• What diversity and inclusion efforts do you see at your company?

• How would diversity impact your hiring?• How would you create an diverse and

inclusive work environment?• How would you measure the success of

diversity and inclusion efforts?

DISCUSSION


KEY TAKEAWAYS


DIVERSITY IS THE MEASURE: INCLUSION IS THE MECHANISM

• The aim of diversity is not to just meet compliance targets

• Diversity has evolved beyond the traditional considerations of race, ethnicity and gender.

• The goal is to tap into the diverse perspectives and approaches each individual employee brings to the workplace.


TO START YOUR DIVERSITY AND INCLUSION EFFORTS

• Clarify your vision• Set clear goals and timeline• Decide how are you going to measure the

success• Decide how are you going to monitor the

progress• Discuss what resources do you have

already• Discuss what resources do you want/need


IS YOUR COMPANY READY?In today’s competitive talent environment, your organizational culture affects your employment brand and ability to attract, hire, and retain top and diverse talent.

Source: The Global Human Capital Trends 2016, Deloitte University Press


WHAT TO EXPECT NEXT• Follow-up

call• Executive

summary of today’s discussion


CONTACT


RESOURCES“5 Ways To Avoid Tomorrow’s Leadership Mistakes”, Fast Company Jan 2015http://www.fastcompany.com/3040860/the-future-of-work/5-ways-to-avoid-tomorrows-leadership-mistakes

“The Global Human Capital Trends 2016”, Deloitte University Press 2016http://www2.deloitte.com/us/en/pages/human-capital/articles/introduction-human-capital-trends.html

Millennials Surpass Gen Xers as the Largest Generation in U.S. Labor Force”, Pew Research Center Nov 2015http://www.pewresearch.org/fact-tank/2015/05/11/millennials-surpass-gen-xers-as-the-largest-generation-in-u-s-labor-force/

“How to Tell If a ‘Fact’ About Millennials Isn’t Actually a Fact”, WSJ Nov 2014http://blogs.wsj.com/economics/2014/11/27/how-to-tell-if-a-fact-about-millennials-isnt-actually-a-fact/


http://www.fastcompany.com/3040860/the-future-of-work/5-ways-to-avoid-tomorrows-leadership-mistakes



http://www2.deloitte.com/us/en/pages/human-capital/articles/introduction-human-capital-trends.html



http://www.pewresearch.org/fact-tank/2015/05/11/millennials-surpass-gen-xers-as-the-largest-generation-in-u-s-labor-force/



http://blogs.wsj.com/economics/2014/11/27/how-to-tell-if-a-fact-about-millennials-isnt-actually-a-fact/



RESOURCES“Women in the Workplace 2015 Study”, Leanin.Org and McKinsey & Company 2015http://womenintheworkplace.com/ui/pdfs/Women_in_the_Workplace_2015.pdf?v=5

“Moving From Diversity to Inclusion”, Diversity Journal 2015http://www.diversityjournal.com/1471-moving-from-diversity-to-inclusion/

“Unlocking the Competitive Advantages of Diversity“, The Clorox Company Jan 2016https://www.thecloroxcompany.com/corporate-responsibility/blog/unlocking-advantages-diversity/

“The Global Human Capital Trends 2014”, Deloitte University Press 2014http://www2.deloitte.com/global/en/pages/human-capital/articles/human-capital-trends-2014.html

“State of the American Manager: Analytics and Advice for Leaders,” Gallup 2015http://www.gallup.com/services/182138/state-american-manager.aspx


http://womenintheworkplace.com/ui/pdfs/Women_in_the_Workplace_2015.pdf?v=5



http://www.diversityjournal.com/1471-moving-from-diversity-to-inclusion/



https://www.thecloroxcompany.com/corporate-responsibility/blog/unlocking-advantages-diversity/




http://www2.deloitte.com/global/en/pages/human-capital/articles/human-capital-trends-2014.html



http://www.gallup.com/services/182138/state-american-manager.aspx

http://www.gallup.com/services/182138/state-american-manager.aspx

RESOURCES“Becoming Irresistible: A New Model for Employee Engagement”, Deloitte Review 2015http://dupress.com/articles/employee-engagement-strategies/

“The Radical Transformation of Diversity and Inclusion: The Millennial Influence”, Billie Jean King Leadership Initiative and Deloitte 2015http://www2.deloitte.com/us/en/pages/about-deloitte/articles/radical-transformation-of-diversity-and-inclusion.html

“Igniting Innovation: How Hot Companies Fuel Growth From Within”, EYhttp://www.ey.com/GL/en/Services/Strategic-Growth-Markets/ey-igniting-innovation-4-assemble-and-unleash-a-diverse-workforce

“Why Diversity Matters”, McKinsey Analysis 2015http://www.mckinsey.com/business-functions/organization/our-insights/why-diversity-matters

“Global Diversity”, Colgate-Palmolive Companyhttp://www.colgate.com/app/Colgate/US/Corp/LivingOurValues/Diversity/HomePage.cvsp


http://dupress.com/articles/employee-engagement-strategies/

http://dupress.com/articles/employee-engagement-strategies/

http://www2.deloitte.com/us/en/pages/about-deloitte/articles/radical-transformation-of-diversity-and-inclusion.html



http://www.ey.com/GL/en/Services/Strategic-Growth-Markets/ey-igniting-innovation-4-assemble-and-unleash-a-diverse-workforce



http://www.mckinsey.com/business-functions/organization/our-insights/why-diversity-matters



http://www.colgate.com/app/Colgate/US/Corp/LivingOurValues/Diversity/HomePage.cvsp

http://www.colgate.com/app/Colgate/US/Corp/LivingOurValues/Diversity/HomePage.cvsp

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Developing a Diverse Workforce in Japanese Companies