Sunday, October 10, 2010

What "Don't Ask, Don't Tell" Really Costs; Harvard Business Review, 10/8/10

Sylvia Ann Hewlett, Karen Sumberg, and Lauren Leader-Chivee, Harvard Business Review; What "Don't Ask, Don't Tell" Really Costs:

""Smart companies recognize that an inclusive workplace is good for business. Deloitte's GLOBE (Gay, Lesbian, or Bisexual Employees) Business Resource Group, for example, provides a forum for networking, professional development, recruiting and building relationships with local communities. Ernst & Young's Inclusive Leadership Program pairs high-potential performers with executive board members for formal mentoring and career development. It originally targeted women and minorities, but last year the program was expanded to include LGBT partners and principals. Cisco Systems covers the tax on imputed income that LGBT employees pay when they extend their health insurance to cover their partners. Pharmaceutical giant Boehringer Ingelheim lobbies Congress in support of anti-discrimination acts.

Such policies do more than foster engagement and boost productivity. They are also strong recruitment tools. "In today's marketplace, Gen X and especially Gen Y, irrespective of their sexual orientation, are looking for companies that are progressive," says Nancy DiDia, Chief Diversity Officer of Boehringer Ingelheim. "Whenever we go to career fairs or do recruiting events on college campuses, the two areas we get questioned on are: How socially responsible is your company? What's your position on LGBT policies?""

http://blogs.hbr.org/hbr/hewlett/2010/10/what_dont_ask_dont_tell_really.html

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