Diversity & Inclusion Training

Part
01
of seven
Part
01

Market Size and Growth - Diversity and Inclusion (D&I) Training Market: United States

The 2019 market size for the U.S. diversity and inclusion (D&I) training market is $8 billion. While overall spending on D&I initiatives is growing at a CAGR of about 6.50%, spending on D&I training is decreasing at a rate of about -8.35%. This means the 2020 D&I training market size will be about $7.4 billion. Details are below.

Market Size

  • Companies in the United States spend about $8 billion per year on diversity and inclusion (D&I) training.
  • In 2016, the average budget for D&I programs was $1.1 million per company and it was spent in the following ways:
    • Diversity conferences represented 29% of the D&I budget, or about $319,000.
    • Training and development represented 25% of the D&I budget, or about $275,000.
    • Employee resource groups represented 20% of the D&I budget, or about $220,000.
    • Community outreach represented 17% of the D&I budget, or about $187,000.
    • Supplier diversity represented 16% of the D&I budget, or about $176,000.
    • Recruitment and retention represented 13% of the D&I budget, or about $143,000.
  • This means that the average annual D&I training budget per company in the U.S. for 2016 was about $275,000 per year.
  • The budget for D&I training has decreased since 2016, representing just 21% of the overall D&I budget in 2018. Assuming the average overall D&I budget remained the same in 2018 as it was in 2016 ($1.1 million), this would mean D&I training budget decreased to $231,000 in 2018.

Growth Rate

  • For universities, the average dollars allocated to D&I budgets increased 33.7% between 2014 and 2019.
  • If that percentage is extrapolated to the $8 billion per year spend on D&I training overall, this would mean that in 2014, the overall spend on D&I training was $5.84 billion.
  • Using a CAGR calculator, the compound average growth rate between 2014 and 2019 would be 6.50%.
  • However, between 2016 and 2018, there was a total decrease in annual budgets dedicated to D&I training of 15%. This would represent a CAGR of -8.35%.
  • It appears that companies are finding D&I training less valuable than they used to, so it may be that the growth rate is currently trending negative.
  • By taking the -8.35% CAGR, this would mean that the 2020 market size for D&I training would be about $7.4 billion.

Research Strategy

The market size of the D&I training market was readily available, as it was quoted in numerous credible sources such as McKinsey, LinkedIn, Time, and Forbes. The CAGR was less readily available. We searched through formal market research reports from sources such as Winters Group, MarketsandMarkets, MarketWatch, and others. The only data we found was related to the D&I Technology market. We switched strategies to looking for studies conducted on D&I training including company budgets. We found a 2018 report from Diversity Best Practices that provided the average budget per U.S. company for all D&I programs for 2016 and the percentage spent on D&I training for both 2016 and 2018. We also found a report from Insight Into Diversity that showed an increase in D&I spend of 33.7% over a period of five years. This allowed us to use the $8 billion market size to estimate a CAGR of 6.50%. However, the Diversity Best Practices study found that budgets for D&I training actually decreased at a CAGR of -8.35% between 2016 and 2018. Using the evidence from reputable articles from sources such as Forbes, Time, and McKinsey, we determined that companies are finding D&I training less valuable than they have in the past, which supports the decrease in D&I training budgets. So, while companies may be spending more on D&I overall, their actual spend on training is decreasing. In fact, budgets for employee resource groups (ERGs) has increased from 20% to 22% of the total D&I budget between 2016 and 2018, and recruitment and retention has increased from 13% to 14% of the total D&I budget, which account for the 4% drop in budgets for D&I training from 25% to 21%. This indicates that companies are allocating less money to training and more money to other D&I segments.

Calculations

  • To calculate the amount budgeted for diversity conference out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.29 to get $319,000.
  • To calculate the amount budgeted for D&I training and development out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.25 to get $275,000.
  • To calculate the amount budgeted in 2016 for employee resource groups out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.20 to get $220,000.
  • To calculate the amount budgeted in 2016 for community outreach out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.17 to get $187,000.
  • To calculate the amount budgeted in 2016 for supplier diversity out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.16 to get $176,000.
  • To calculate the amount budgeted in 2016 for recruitment and retention out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.13 to get $143,000.
  • To calculate the amount budgeted in 2018 for D&I training and development out of the total average $1.1 million D&I budget, we multiplied $1.1 million by 0.21 to get $231,000.
  • To get the total market size of D&I training in the U.S. for 2014, we divided $8 billion by 0.37 to get $5.84 billion.
  • Using a CAGR calculator, the initial value of $5.84 billion, the ending value of $8 billion, and the intervening five periods, we found the CAGR of 6.50%.
  • To find the percentage decrease in training budgets between 2016 and 2018, we divided $231,000 by $273,000 to get 85%. We then subtracted 85 from 100 to get a 15% decrease.
  • Using a CAGR calculator, the initial value of $275,000, the ending value of $231,000, and the intervening two periods, we found a CAGR of -8.35%.
  • To estimate the 2020 D&I training market size, we divided $8 billion by 0.0835 to get $7.4 billion.
Part
02
of seven
Part
02

Market Size and Growth - Diversity and Inclusion (D&I) Training Market: Canada

There is no readily available estimate for the size and growth rate of Canada's diversity & inclusion training market; however, we were able to triangulate an estimate for the market size. Canada's diversity & inclusion training market was estimated to be worth $43.86 million in 2018.

D&I Training Market Size: Canada

  • The size of Canada's diversity & inclusion training market was $43.86 million in 2018 (estimated).
  • The global diversity & inclusion training market is valued at $1,111 million (estimated).
  • The global compliance training market, of which the diversity & inclusion training market is a sub-segment, is valued at $5,765.5 million.
  • North America has a 54% share of the global compliance training market.

D&I Training Software Market: Global

  • The global diversity & inclusion training software market is valued at roughly $100 million.
  • The D&I technology vendors (based globally) surveyed by Mercer grew 100% YoY in 2018. The rapid growth of the industry is indicative of the need for corporations to address challenges related to diversity and inclusion.
  • The key industries D&I vendors cater to are finance, technology, and professional services.
  • The D&I technology market is at a nascent stage; 60% of companies in the space are less than four years old.

Research Strategy

The diversity & inclusion market is a sub-segment of the compliance training market, which is a sub-segment of the learning & development market. Most of the reports we found on the compliance training market were for the North American and Global markets; there were no D&I training-focused reports. The compliance training reports were behind paywalls and the research overviews did not provide any relevant information specific to the diversity & inclusion training market. We found a full report on the learning & development market, but it did not provide any relevant statistics. As research data is sometimes published in industry websites, interview transcripts of experts, and media sources, we also searched them, but all we were able to obtain (from multiple sources) was the size of the global diversity and inclusion software market ($100 million). We also found the original report from Mercer, but it did not provide any statistics on the D&I training (not software) market as a whole. Given these limitations, we triangulated the market size using data points we found through the course of or research.

The global diversity & inclusion technology market is valued at $100 million in 2018.
The size of the global learning & development market is $211 billion.
The global spend on learning & development tools is $19 billion.
Therefore, 9% ($19B/$211B) of the total learning & development spend can be attributed to technology.
Assuming that the proportion of spend on technology is the same for the diversity & inclusion training market, the size of the diversity & inclusion training market is 1,111 million ($100 million/9%)

Diversity & inclusion training is a segment of the compliance training market.
The global compliance market was valued at $5765.5 million in 2018; North America has a 54% share of this market.
Assuming that North America's share in the diversity & inclusion training market is the same, the size of the North American diversity & inclusion training market in 2018 was $600 million (54%*$1,111 million).

The North America market comprises the United States, Canada, and Mexico.
The GDP of the three countries:
United States: $20,494,100 million
Total: $23,430,419 million
Canada's GDP share of the North American market is 7.31% ($1,712,510 million/ $23,430,419 million)

Assuming that Canada's spend on D&I will be in the same proportion as its GDP in North America's GDP, the size of the diversity & inclusion training market in Canada is $43.86 million (7.31%*$600 million).



Part
03
of seven
Part
03

Key Players - Diversity and Inclusion (D&I) Training Market

The key US-based players in the Diversity and Inclusion (D&I) technology space with specific focus to education through learning and development programs include Translators, Strivr, Vantage Point, Allie, Civic Dinners, and Envisia Learning. Landit, Guild, and Jopwell are key players in the D&I technology space through mentorship/career management initiatives.

D&I TECHNOLOGY SPACE

  • According to a recent survey report by Mercer and Redthread Research, the D&I technology market is very recent and young with 60% of the vendors being less than four years in the technology space and 81% being less than nine years.
  • D&I Technology refers to enterprise software that provides "insights or alters processes or practices, at the individual or organizational level, in support of organizations’ efforts to become more diverse and inclusive."
  • It is estimated that the overall market size of the D&I Technology space is approximately $100 million and most of the vendors in the space cater to customers mostly from knowledge industries such as finance/banking, and technology and professional services.
  • Nearly 60% of the D&I Technology vendors have more than $100k in revenue, more than a third have more than 100 customers, and the majority of customers are small companies with fewer than 1,000 employees.

D&I TECHNOLOGY VENDORS IN EDUCATION

  • D&I technology market players with specific focus to D&I Education offer development/advancement services which include learning and development, mentorship and career management, performance management, high-potential selection, and leadership development, which consists of 19% of the overall D&I technology market devoted to this talent category.
  • According to the analysis of the report, the category of vendors focused on development/ advancement tend to have the smallest teams, with roughly half of them having less than ten employees.
  • 29% of the D&I technology vendors in the development/advancement segment, relating to learning, are the ones specifically focused on Education through the provision of training and learning, offering virtual reality training, classroom education, designing civil conversations over dinner and offering behavior assessment and debrief.
  • The other segments are specifically focused on offering personalized career paths, educating and enabling networking opportunities for diverse people to assist them in finding a mentor on their own, and coaching.

TRANSLATORS

STRIVR

  • VERVIEW: Strivr is a California, US-based company in the D&I technology space offering an end-to-end immersive learning platform and solutions in the D&I learning and development/Education space. It uses virtual reality to improve training and learning, including D&I education.
  • WEBSITE LINK: www.strivr.com
  • WHY IT IS A KEY PLAYER: The company is based in the US and represents the D&I technology space with specifically offering D&I Education/Learning and Development services and facilitates its customers with using virtual reality to improve training and development including D&I education.

VANTAGE POINT

  • OVERVIEW: Vantage point is a Los Angeles, California-based company that uses virtual reality for fully immersive D&I training, especially sexual harassment training.
  • WEBSITE LINK: www.tryvantagepoint.com
  • WHY IT IS A KEY PLAYER: The company is based in the US and represents the D&I technology space with specifically offering D&I Education/Learning and Development services and facilitating its customers with using virtual reality for fully immersive D&I training, especially sexual harassment training.

ALLIE

CIVIC DINNERS

  • OVERVIEW: Civic Dinners is an Atlanta, Georgia based software organization that uses technology for learning and development by scaling structured dinner conversations among citizens, advocates, employees, and alumni to help them discuss issues and ways to act and co-create a better future.
  • WEBSITE LINK: www.civicdinners.com
  • WHY IT IS A KEY PLAYER: The company is based in the US and represents the D&I technology space with specifically offering D&I Education/Learning and Development services and facilitating its customers with the use of a community engagement platform to scale conversations and promote community engagement and learning.

ENVISIA LEARNING

  • OVERVIEW: Envisia Learning is a California, US-based technology company in the D&I Learning and development space that "helps leadership development professionals assess and measure behavior change, based on neuroscience.
  • WEBSITE LINK: www.envisialearning.com
  • WHY IT IS A KEY PLAYER: The company is based in the US and represents the D&I technology space with specifically offering D&I Education/Learning and Development services and facilitating behavior change, leadership and executive coaching and Diversity and Inclusion.

LANDIT

  • OVERVIEW: Landit is a New York-based internet technology company in the D&I technology space offering "personalized career pathing and development, executive coaching and targeted skill development for diverse groups".
  • WEBSITE LINK: www.landit.com
  • WHY IT IS A KEY PLAYER: The company is based in US and represents the D&I technology space with specifically offering D&I Mentorship/Career Management services and facilitating the offering of executive coaching, targeted skill development, and other education-related services.

GUILD

Jopwell

  • OVERVIEW: Jopwell is a New York based career advancement platform targeted towards African American, Hispanic and Native American professionals.
  • WEBSITE LINK: https://www.jopwell.com/
  • WHY IT IS A KEY PLAYER: The company is based in the US and represents the D&I technology space by specifically offering D&I Mentorship/Career Management services as well as facilitating companies' recruitment and marketing diversity efforts.

Research Strategy:

  • To obtain information on key US based players in the D&I technology space, specifically offering D&I education/learning and development, we searched through various market research and survey reports related to D&I such as Mercer, PwC, SHRM, etc.
  • Through this search, we found the most recent and relevant research reports by Mercer and Redthread that offered key insights such as the youthfulness of the market with 60% of the D&I vendors being less than four years old, and 81% less than nine years old.
  • Based on the above reports, we selected the key players in the US belonging to the D&I technology space and specifically offering D&I education through learning & development, mentorship, career management, and coaching services. The details including links to their websites have been provided in this brief.
Part
04
of seven
Part
04

Key Players - Diversity and Inclusion (D&I) Training Market: The Findings Part One

Translator's enterprise Diversity & Inclusion platform, UNITY, offers three product tiers: UNITY LIVE, costing $50,000/ cohort annually, UNITY LMS, costing $10 per user/ month, and UNITY DIRECT, costing $5,000/ month base.

TRANSLATOR

Products/ Service Offerings

  • Translator offers a platform for enterprise Diversity & Inclusion, UNITY, that allows individuals to learn, express themselves, reflect their identity, and ask questions without fear.

Pricing

Marketing Efforts

  • Translator dedicates its official website and social media accounts such as Facebook and Twitter to promote its UNITY platform.
  • On its official website, the company depicts UNITY as the "world's most advanced Diversity & Inclusion training system for corporations, schools, and non-profits," relied upon by Fortune 500 companies.
  • The company has also received media coverage on news broadcasting platforms like Fast Company.

STRIVR

Products/ Service Offerings

  • Strivr offers an immersive learning platform, STRIVR, which combines virtual reality, 3D, and data science, for enterprise diversity and inclusion to help individuals better understand the experience of people with different backgrounds and identities.

Pricing

  • The company does not disclose the price of its product, but requires prospective buyers to contact sales, by filling a form at the official website, for a proposal request.
  • However, a credible third-party source claims that STRIVR shelf VR glasses costs about $1000 to buy.

Marketing Efforts

  • The firm dedicates its official website and social media accounts such as Facebook and Twitter to promote its STRIVR platform.
  • On its official website, the company claims that "some of the biggest companies in the world are already using Strivr’s software platform at scale and seeing measurable impacts." And they record client testimonials to prove it.
  • Although the company does not focus on direct marketing campaigns, it uses credible media platforms such as Fortune, CNBC, ESPN, Financial Times, AR Insider, CBS, WSJ, and more, where it provides stats and benefits of the STRIVR platform.

VANTAGE POINT

Products/ Service Offerings

Pricing

  • Vantage Point does not disclose the price of its product but asks prospective buyers to contact sales, by filling a form at the official website, for a proposal request.

Marketing Efforts

  • Vantage Point dedicates its official website to promote its Diversity & Inclusion training system.
  • On its official website, the company depicts it as "the most innovative way to unlock employee potential."
  • Although the company does not focus on direct marketing campaigns, it uses credible media platforms such as Fortune, TechRadar, CNN Business, Fast Company, BBC, Forbes, The Economist, CBS Radio, Work Human Radio, and more, where it provides details and benefits of Vantage Point platform.
Part
05
of seven
Part
05

Key Players - Diversity and Inclusion (D&I) Training Market: The Findings Part Two

Envisia Learning offers a web of technology platforms that covers six primary categories: 360-degree feedback, team assessments, self-assessments, organizational surveys, program success and ROI measurement, and program management automation.

Allie

Civic Dinners

Envisia Learning

Research Strategy

To provide a competitive landscape for Allie, Civic Dinners, and Envisia Learning, we began by thoroughly searching the company websites for information regarding their products and services, pricing details, and marketing efforts. Our search was fruitful as we identified the services and solution offered by the companies together with their marketing efforts. Unfortunately, we were unable to find the pricing information for Allie and Civic Dinners.

To ensure due diligence, we began by searching through the website of both companies for any information about their product pricing. We also searched the frequently asked questions and product details with the hope of finding any information about the products. This strategy yielded no results as there was no such information listed on their websites. Furthermore, we scoured through the posts and reviews on the companies social media channels for any mention of the product pricing but found none.

Next, we searched through the public domain for any news source, media publication, or articles that have made mention of the pricing details of both companies. We searched through sources such as Apollo and American Innovation with the hope of finding any mention of the cost of using both services. This strategy also yielded no result as most of the available information about both companies centered on their services and features with no detail about pricing. In-depth research revealed that Allie is a chatbot that integrates with Slack and can not function on its own.
Lastly, we searched through the databases of trusted review and business directory sources with the hope of finding any mention of the product pricing details for any of the companies. We looked at sources such as Capterra and Crunchbase with the hope of finding the pricing information about the platforms. We did not find any pricing information on the trusted review sources or business directory databases about Allie and Civic Dinners. We, therefore, concluded that both companies had not published the prices for their services in the public domain.
Part
06
of seven
Part
06

Key Players - Diversity and Inclusion (D&I) Training Market: The Findings Part Three

Landit offers personalized career mentorship programs while Guild leverages collective bargaining power and relationship resources to yield significant influence in promoting diversity in the entertainment industry. Jopwell, on the other hand, is a recruitment platform aimed at career advancement for African American, Hispanic and Native American professionals.

LANDIT

  • Landit consolidates the various aspects of career development into a customized comprehensive guide where members connect with peers, mentors, employers, and coaches to provide insight into their career experience as well as grow their skills.

Products

  • Landit offers two types of programs; one tailored towards individuals and the other towards organizations.
  • Organizational resources include networking, brand management recommendations, and coaching, while individual products include personal brand development, leverage of personal network, networking, mentorship and coaching with world-class experts.
  • Landit also offers bio/LikedIn reviews and resume services, as well as rewriting, at a fee.
  • Other Landit products and services include tracking services for weekly achievements, skills development courses, and opportunity identification and matching.

Pricing

  • Templates for personal network advisory, accomplishments tracker, personal brand quizzes, skills development courses, and opportunity identification and matching are offered freely on the platform.
  • Organizational programs require an annual subscription fee per member of the organization taking a professional development program which depends on the organization's needs, while individual plans start at $250, which is a coaching fee.
  • Individual resume reviews cost $40, revisions cost $245, while the cost for rewriting bios, resumes or LinkedIn profiles range from $295 to $945.

Marketing Efforts

  • Landit marketing efforts revolve around the company's website, publications, and an active social media presence including Facebook, Twitter, Instagram, and LinkedIn.
  • Landit publications and social media posts relate to career advicewomen empowerment, women and minority groups' rights advocates, educational insights, and coaching and discussion sessions.
  • Landit's LinkedIn account has 2.2k followers averaging one monthly post on industry news, an active Twitter account with 3.6k followers, 1.7k followers on Instagram with the username applandit, and 680 followers on Facebook.
  • Although Landit does not conduct online campaigns, the company has been featured in various reputable media platforms such as Inc Magazine, Forbes, WSJ, Bloomberg, and BBC for their global diversity and inclusion efforts, coaching, career and personal development advice, and the benefits of Landit products and services.

GUILD

  • The Directors Guild of America (DGA) believe that onscreen diversity and inclusion of different perspectives is important for societal well-being and development.
  • DGA leverages collective bargaining power and relationship resources to yield significant influence in promoting diversity in the entertainment industry by engaging employers and decision-makers.

Products

  • DGA's product and service offering in support of diversity include membership committees, training and mentorship programs, organization of networking opportunities and events in the entertainment community, program educational seminars and tribute events.
  • Some DGA committees include African American Steering Committee (AASC), Eastern Diversity Steering Committee (EDSC), San Francisco Coordinating Committee (SFCC), and Special Projects Committee (SPC) which host events and offer creative exchange opportunities for members.

Pricing

  • DGA membership applications require 3 member endorsements and initiation fees depend on the applicant's project classification.
  • The DGA initiation fees for the period July 2019 to June 2020 are $12,707 for television-classified directors, $3,500 for documentary directors, $11,592 for unit production managers, and $6,646 for associate directors. Stage managers require an initiation fee of $6,127 while 1st and 2nd assistant directors require $11,025 and $7,388 respectively.

Marketing Efforts

  • On its website, DGA identifies itself as the world's distinguished organization representing the creative rights of members and directors in the film entertainment industry.
  • Although DGA does not conduct direct marketing campaigns, the company has been featured in various reputable media platforms such as Variety, Hollywood Reporter, Deadline, Politico, among others, for their awards, and diversity and inclusion efforts.

JOPWELL

  • Jopwell is a recruitment platform aimed at career advancement specifically for African American, Hispanic and Native American professionals and students by matching and connecting them to job opportunities.
  • Jopwell also partners with companies that are seeking to diversify their applicant field and market their brand through diversity and inclusion initiatives.

Products

  • Jopwell offers a platform that connects students, professionals, and employers enabling job seekers and recruiters to match and connect.
  • Another resource offered by Jopwell is the Well, a digital magazine that offers career insights to members, and also features guest interviews from industry leaders and professionals.
  • Jopwell also hosts various skills' development programs including professional head shot tours, live or virtual panel conventions and networking, webinars, and writing competitions.
  • Another product feature of the Jopwell platform is personalized recommendations from account managers to help job seekers leverage their skills and professional goals when making job applications.

Pricing

  • Jopwell has not publicly published pricing details for their products on their website but allows prospective clients to complete an inquiry form to get in touch with a partnership team member for more details.
  • A reputable small-businesses digital resource notes that enterprises similar to Jopwell charge a monthly fee ranging from $0 to $950.

Marketing Efforts

  • The website's publications and blogs relate to career insights, promotion of diversity and inclusion in companies, industry news, and benefits of connecting on Jopwell.
  • Jopwell's LinkedIn account has 9.1k followers averaging one weekly post, 16.8k followers on Twitter, 18.4k followers on Facebook, and 12.8k followers on Instagram. Social media posts across the platforms similarly share industry news, career insights, and the application's content.
  • Although Jopwell does not conduct direct marketing campaigns, the company has been featured in various reputable business websites such as Havard Business Review and Fastcompany for its products and features.

Research Strategy

To provide information about Landit, Guild, and Jopwell, we searched through their websites and found most of the information on the products and services offered. However, access to the pricing of the products for Landit required a login/free sign up, and the details retrieved have been provided in this brief.

Jopwell, on the other hand, did not have their pricing information publicly published on their website. We redirected our search to reputable software review websites such as Capterra, Gartner, and Trustradius with the hope of finding pricing information for Jopwell, but this too did not yield any results. Finally, we scanned through the public domain for news articles, press releases or publications relating to Jopwell pricing and found an estimate with the digital resource company for small businesses, Fitsmallbusines, whose details have been provided in the brief.


Part
07
of seven
Part
07

Diversity and Inclusion (D&I) Training Market - Implementation Insights

The insights surrounding the implementation of Diversity and Inclusion (D&I) training in the US include the effectiveness of D&I strategy, the D&I training budget, the budget allocation framework, budget spending, and the ROI from D&I training.

D&I Training Budgeting Strategy

  • According to the site Findcourses' D&I training survey report, effective diversity and inclusion strategies have become a priority in growing organizations, hence leaders of the diverse organizations are 22% more likely to offer D&I training to their employees by allocating more L&D budget leading to a predicted increase in L&D spending in 2019.
  • In most of the organizations in the US (57%), implementing a D&I training is mandatory.
  • The most common types of training included in this framework include unconscious bias training, sensitivity/empathy training, and cultural competence.

D&I Training Budget

  • According to the Deloitte Human Capital Trends survey report, most of the companies' top executives (69%) rate diversity and inclusion as an important issue.
  • Largely (38%), the CEOs are the primary sponsor of the company’s diversity and inclusion efforts, including D&I training.
  • In the US, it is estimated that around $8 billion a year is spent on diversity training.

Budget Allocation Framework

  • According to the SHRM and American Workforce Policy Advisory Board (AWPAB) survey, most organizations' HR professionals/managers plan to offer compliance training once a year, wherein training related to D&I is planned to be implemented on a monthly cycle.
  • As per the 2018 DBP Inclusion Index, around 21% of the D&I budget is planned to be allocated towards the training/learning and development needs in the organizations.

D&I Budget Spending

  • The D&I budget spending by most of the organizations, according to 2018 DBP Inclusion Index, are:
    • Employee resource groups (ERG's): represented 22% of the D&I budget
    • Employee resource groups (ERG's): represented 22% of the D&I budget
    • External partnerships: represented 25% of the D&I budget
    • Recruitment and employment branding: represented 14% of the D&I budget
    • Learning and development: represented 21% of the D&I budget
    • Programming: represented 16% of the D&I budget
    • Other areas: represented 9% of the D&I budget
  • Most of the organizations largely implement sensitivity/empathy-related D&I training (26%) along with cultural competence (23%), and unconscious bias training in the organization (17%) when spending on D&I training.

ROI From D&I Training

  • According to the U.S. L&D Report 2019 by Findcourses, "72% of the companies offering D&I training saw an increase in profits last year".
  • The 2018 Delivering Through Diversity McKinsey report, including most of the respondents from the US (33%), highlights that most of the companies including D&I strategy and implementation through training and other programs are more likely to experience above-average profitability (21%) with a 33% likelihood of out performance on EBIT margin.

Research Strategy:

To obtain the insights surrounding the implementation of Diversity and Inclusion (D&I) Training in the US, we examined the credible research and survey reports on Diversity and Inclusion through sources including McKinsey, SHRMAccenture, U.S. L&D Report 2019, along with 2018 DBP Inclusion Index. Additionally, a 2017 Deloitte report was included as it shared the key insights related to the US D&I training spending which was estimated to be around $8 billion a year and the involvement of organization CEOs as a primary sponsor of the company’s diversity and inclusion efforts, which include D&I training. Most recent report available shared insights that most organizations consider D&I training as a priority and the allocation of the D&I budget related to training/L&D, however, they are not on the total spending amount.
Sources
Sources

From Part 02
Quotes
  • "In 2018, the global Corporate Compliance Training market size was 5765.5 million US$ and it is expected to reach 12700 million US$ by the end of 2025, with a CAGR of 11.9% during 2019-2025."
  • "In terms of geography, North America accounted for the majority market share of 54% during 2017 and will continue to dominate the market during the forecasted period."
Quotes
  • "As of 2018, the global market size was approximately $100 million and growing."
Quotes
  • "Corporate learning tools, which make up approximately $19 billion of the money spent on corporate training, include a wide variety of products. "
From Part 03
Quotes
  • "D&I technology is enterprise software that provides insights or alters processes or practices, at the individual or organizational level, in support of organizations’ efforts to become more diverse and inclusive. "
  • "In general, the D&I technology market is young. A majority of D&I technology vendors (60%) are less than four years old and most vendors (81%) are less than nine years old."
From Part 05
From Part 06
Quotes
  • "LinkedIn, CV/Resume, or Bio Review Have your resume, CV, LinkedIn profile or bio reviewed by one of our experts. Feedback on content and style elements Quality Score based on best practice PURCHASE FOR $40"
  • "Choose this option to take your LinkedIn Profile to the next level. We'll help you do it. Full profile rewrite, including your summary and experience 1 revision 1 phone session to clarify your goals Purchase for $295"
  • "Professional Bio Rewrite Choose this option to have your bio reflect your best story. Full bio rewrite in Word and PDF formats 2 revisions 1 phone session to clarify your goals Purchase for $395"
  • "Resume Rewrite Choose this option if you could really use some help getting your resume ready to land the job you want. Full resume rewrite in Word and PDF formats 2 revisions Customizable cover letter template 2 phone sessions to clarify your goals Purchase for $645 "
  • "New Resume or CV Choose this option if you want to ditch your old resume and have one of our experts build an amazing new one! New resume in Word and PDF formats 2 revisions Customizable cover letter template 2 phone sessions to clarify your goals Purchase for $945"
Quotes
  • "Jopwell pricing is currently not published on its website, but creating an account is free. Similar providers have monthly fees that range from $0 to $950 per month, depending on the features included."