NEW YORK--(BUSINESS WIRE)--Nov 27, 2023--
Companies that lead in disability inclusion drive more revenue, net income and profit, according to a new research report from Accenture (NYSE: ACN) in partnership with Disability:IN and the American Association of People with Disabilities (AAPD).
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Companies that lead in disability inclusion drive more revenue, net income and profit, according to a new research report from Accenture in partnership with Disability:IN and the American Association of People with Disabilities (AAPD). (Graphic: Business Wire)
Building on the 2018 landmark report on disability inclusion at work in the United States, the follow-up research, titled “ The Disability Inclusion Imperative,” explores disability inclusion amid major technological advances, changes in geopolitical dynamics and the effects of a global pandemic across 346 companies in the US. These companies participated in the Disability Equality Index (DEI), a leading global benchmarking tool that scores businesses on their disability inclusion policies and practices.
“Disability inclusion is a topic close to my heart, and it is imperative, both from a business and societal aspect, to build an accessible, inclusive environment where all our people can belong and thrive,” said Jill Kramer, chief marketing and communications officer, Accenture, and co-chair for the cross-industry coalition of Chief Marketing Officers (CMOs) and Chief Communications Officers (CCOs) to advance accessibility in marketing powered by Disability:IN.
The report identifies that, over the last five years, the business case for hiring persons with disabilities has become even stronger. Specifically, companies that have led on key disability inclusion criteria over that time saw 1.6 times more revenue, 2.6 times more net income and 2 times more economic profit than other companies in the DEI. Further, leaders are more likely to outperform industry peers in productivity by 25 percent.
Since 2018, the number of people with disabilities in the workforce has swelled from 29 percent to 37 percent with most progress occurring since February 2020 at the beginning of the pandemic. This increase can be attributed to increased work opportunities at home—making it easier for people with disabilities to participate in the workforce and an increased awareness and understanding of digital accessibility and inclusion in the hiring process. Additionally, newer and emerging technologies are excellent sources to advance disability inclusion, including AI-powered platforms.
"For too long, people with disabilities - individuals who are perfectly qualified and overwhelmingly willing to work - face enormous barriers to being offered a job,” said Ted Kennedy, Jr., disability rights attorney, Connecticut state senator and chairman of the AAPD board. “Accenture's recent report provides compelling evidence that disability inclusion actually accelerates business performance, brand loyalty and shareholder returns.”
Additional Accenture research has showed that 76 percent of employees with disabilities do not fully disclose their disabilities at work. Further, the 2023 DEI report found that only 4.6 percent of employees self-identify their disability status with employers. When the US Securities and Exchange Commission (SEC) began requiring companies to provide a human capital overview in their filings, voluntary mentions of disability inclusion at work are notable. Organizations can ensure that disability inclusion remains a fundamental aspect of their overall sustainability and responsible business practices by incorporating ESG principles into their accountability frameworks and publicly sharing outcomes.
Through the research, Accenture and Disability:IN have developed a framework to help business leaders become more intentional about disability inclusion:
- Access: Organizations must remove barriers and provide equal access to employment opportunities for individuals with disabilities, including recruitment, hiring and career advancement.
- Awareness: Leaders must raise awareness about disabilities so organizations can foster a culture of empathy and respect, challenge stereotypes and promote a more inclusive mindset among employees.
- Advocacy: Organizations must create an environment for individuals to feel comfortable disclosing their disabilities and forming employee networks and help amplify their voices and ensure their perspectives are heard.
- Action: By integrating various disability inclusion initiatives under a single umbrella, organizations can ensure that they work in harmony to create a more accessible and equitable workplace.
- Accountability: Organizations must be able to measure their progress and share what they learn to demonstrate their commitment and dedication to improving disability inclusion.
“People with disabilities are a tremendous source of talent and innovation as well as market share. Last year, 485 companies leveraged the DEI to benchmark their inclusion efforts and build for sustainable, long-term performance," said Jill Houghton, president and CEO, Disability:IN. "The business case is stronger than ever, with companies achieving 1.6 times more revenue, 2.6 times more net income, and 2 times more economic profit. We encourage companies to measure their progress and use the data to identify tangible ways to advance disability inclusion across their enterprise,”
To learn more about Inclusion & Diversity at Accenture, visit accenture.com/inclusion.
About the Research
Research for The Disability Inclusion Imperative report is based on approximately 346 unique respondents of the Disability Equality Index between 2015 and 2022. In partnership with Disability:IN and the American Association of People with Disabilities, we analyzed three measures of financial performance: profitability (revenues and net income), productivity (revenue per employee) and value creation (economic profit) alongside the voice of the employee (Glassdoor reviews) and the voice of the company (10-K filings).
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.
Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.
View source version on businesswire.com:https://www.businesswire.com/news/home/20231127627438/en/
CONTACT: Julian McBride
Accenture
+1 917 244 9398
julian.mcbride@accenture.comAllyce Torres
Disability:IN
+1 760 519 5666
allyce@disabilityin.org
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY HUMAN RESOURCES PROFESSIONAL SERVICES SOFTWARE NETWORKS DEI (DIVERSITY, EQUITY AND INCLUSION) DATA ANALYTICS DATA MANAGEMENT ARTIFICIAL INTELLIGENCE
SOURCE: Accenture
Copyright Business Wire 2023.
PUB: 11/27/2023 07:59 AM/DISC: 11/27/2023 08:00 AM
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