How do you leverage the
untapped potential of ERGs?

OUR FEATURED SOLUTIONS

ERG Economy ToolBook

National ERG Summit and Leadership Forum

Customizable ERG Leader & Executive Sponsor Development Sessions

OPPORTUNITIES FOR AND WITH ERGs

PEOPLE: Dedicated, Engaged & Fast-Focused

19
Boost in Retention
40
More Market Share
58
Boost in Ability to Correctly Price Stocks and Focus on Facts

PRODUCTIVITY: Cognitive Diversity & Market Advantage Innovation

70
Increased Success in New Markets
40
More Market Share
42
Additional Patent Citations for MixedGender Teams Than Single-Gender Teams
15
Sales for Most-Diverse vs. Least-Diverse Companies
9
More Sales for every 1% Increase in Corporate Ethnic Populations

PROFITS: Driven to Bottom-Line Return

35
Financial Returns (Above the Industry Mean with Ethnically Diverse Companies)
15
Financial Returns (Above the Industry Mean with TopQuartile Gender Diverse Companies)
26
Outperformance (of Large Companies with at Least One Female Board Member as Compared with their Industry Peers)

CAREER BENEFITS FOR ERG LEADERS
IN HIGH PERFORMANCE ORGANIZATION

ERG Leadership Development

Many ERG/BRG leaders do not receive the training required to make their groups fully effective. High-performance organizations are:

3
more likely to factor leadership development into ERG/BRG budgets
2
more likely to describe their ERGs/BRGs as experiential career advancement and leadership development platforms
1
more likely to provide training designed to help leaders align ERG goals with the organization’s strategic goals

Career Benefits for ERG Leaders

ERG leaders report benefits that i4cp research has shown to accelerate leadership development. In high-performance organizations, they are:

3
more likely to cite the ability to strategically impact business result
2
cite exposure to senior leaders and increased opportunity to build external reputation
1
cite inclusion on interesting or challenging projects

The top four benefits reported by ERG/BRG leaders in high-performance organizations:

Top 1

82
exposure to and recognition by senior leaders

Top 2

58
opportunity to champion others

Top 3

54
exposure in other organizational departments/silos

Top 4

52
increased opportunity to build external reputation

Expectations for Executive Sponsors

A sponsor’s primary expectation is to champion the ERG/BRG.

86
executive sponsors to be a champion for the group and its mission
63
executive sponsors to coach or mentor ERG/BRG leaders
5
executive sponsors to observe and source ERG/BRG members for leadership potential
2
the executive sponsor role itself to function as a leadership development opportunity

Expectations for Executive Sponsors

Organizations who succeed with their ERG/BRG strategy treat them as they would any other strategic initiative. High-performance organizations are:

4
describe their ERGs/BRGs as critical voices in fostering a more inclusive workplace
3
assess or review ERG/BRG effectiveness at leadership development (Few do this, but those that do measure promotions and movement)
2
report that ERG/BRG leadership experience has a positive impact on selection/succession decisions
2
describe their ERG/BRG as respected by the organization’s leaders
2
describe their ERG/BRG as effective to a high or very high extent

WHAT OUR PARTNERS ARE SAYING?

The ERG Economy is an essential read and a key tool that all forward-thinking ERGleaders should use. If you want to grow and your ERGs to thrive, this is the book for you!

Wil LewisChief Diversity, Inclusion, and Belonging Officer, Experian

The ERG Economy challenged me to continue building collaborative ERG organizations and harness their creative en-ergy to support our organizational objectives.

Ondra BerrySenior Vice President, Talent and Performance, MGM Resorts International

The ERG Economy training is the best I’ve seen in my career as a D&I professional. The training is fun and interactive and provides a host of valuable tools for ERGs to reach the next level

Sarah HelmHead of Diversity and Inclusion, Discover Financial Services

ERGs can be a lightning rod for recruiting, retaining and energizing company employees. The thoughts and ideas by the ERG Economy provide you with leading practices to ensure your ERG is the lightning rod for company and personal success.

Larry HarringtonVice President Internal Audit, The Raytheon Company

For anyone leading a people-powered organization, The ERG Economy is an essential read.

Sean GilDirector, Career Center, University of California, Riverside

The ERG Economy provides GPS-like guidance to move you from merely sustaining to success as an ERG leader or Diversity professional.

Emanuel Brady Jr.Vice President and Chief Diversity Officer, The Raytheon Company

For more information, contact us at info.411@spectrumknowledge.com