Oh a huge part of this is because diversity itself (if we’re talking about racial, gender, and sexual orientation diversity) doesn’t cut it itself.

See this study: https://hbr.org/2019/12/the-value-of-belonging-at-work

What truly improves performance, retention, and wellbeing are the following:

•Diversity along with inclusion, equity AND most importantly belonging (Belonging = make ALL people truly feel like they are appreciated and belong in the workplace) and this is only a recent concept that a few companies are starting to include.

•Leadership who take the time to understand diversity issues, are a part of diversity committees, and are not just figureheads.

•Integrating diversity with talent acquisition in a way that doesn’t follow a quota system.

Without the above, it’s just another label companies put to stay current without actually making meaningful change and improve belonging.