COVID-19 Accelerated New Realities, Companies Need to Respond Accordingly

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The COVID-19 pandemic created economic volatility and exposed inequalities. As a result, businesses are having to set new standards around their diversity, equity, and inclusion (DEI) efforts. 

One of the UN’s Sustainable Development Goals is creating more inclusive and sustainable economic growth; with new work and social realities created by the coronavirus pandemic, companies need to identify gaps, prioritize wellbeing, and reshape the dialogue. 

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For example, the pandemic has disproportionately impacted women and men, as well as minority groups; with the World Economic Forum estimating that the pandemic set equal gender pay back by a generation. Some companies are responding to this by providing more caregiving benefits and allowing for more flexible work. 

Wellbeing is also a key priority moving forward for employees to thrive and to decrease stress and other health conditions caused by stress and long working hours. 

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