The gender gap in organizations has narrowed over the past three decades, giving more effortless labor mobility worldwide. There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labor market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Diversity, equity, and inclusivity (DEI) are critical to the business performance of the retailers which includes food retail, fashion retail, and other outlets, since consumers want to buy goods that reflect their values, wants, and needs. Consumers expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.
AutoZone Inc (AutoZone) is a retailer and distributor of automotive replacement parts and accessories. The company provides new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. AutoZone sells automotive diagnostic and repair software through its subsidiary ALLDATA. Its stores offer parts and accessories for cars, vans, sport utility vehicles, and light trucks.
In 2021, women represented 23.5% of all AutoZone’s US workforce which remained the same over the previous year. In the same year, the company had 30% women participation on its Board of Directors.
AutoZone had 24.7% women representation at the management level, 17.6% in the executive committee, and 18.2% women at the director level.
AutoZone represented 50% racially/ethically diverse employees in its US workforce in 2021. The company had an 18% increase in racially diverse AutoZoners at the VP level.
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