Why Income Must Factor Into Your Diversity Strategy

Why Income Must Factor Into Your Diversity Strategy - Gettyimages 1428038365 516471

When it comes to workplace conversations, the topic of money can be a third rail. 

While once-taboo topics such as race, gender, and sexual orientation have become more common as companies have ramped up diversity, equity, and inclusion efforts in recent years, conversations about class can still make employees and employers uncomfortable. Not having these discussions at all, however, can be detrimental to your business. If you want to effectively recruit a diverse set of employees, retain them, and empower them to thrive, issues related to money–aside from salary–should be part of the conversation.

That’s according to Ruthe Farmer, the co-founder and CEO of the Last Mile Education Fund, a nonprofit that’s working to diversify the technology and engineering fields by supporting low-income undergraduate students from underrepresented backgrounds. Farmer recently addressed the topic of workers from low-income backgrounds during a panel conversation at the Grace Hopper…

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This article was written by Ali Donaldson and originally published on www.inc.com