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.
Lowe’s Wholesale Corp (Lowe’s) owns and operates a chain of membership warehouses. These warehouses are primarily involved in offering various products such as groceries, candy, appliances, television, and media, tires, toys, hardware, automotive supplies, sporting goods, jewelry, watches, garden and patio, tickets, health and beauty aids, housewares, apparel, furniture, office supplies, domestics, postage at various competitive prices as compared to other wholesalers and retailers.
In 2021, Lowe’s reported 30% of women on its board members, a decline of 6 percentage points. The company reported 33% women representation in executive leadership roles in 2021, which remained constant over the previous year.
To ensure women's success at work and throughout their careers, Lowe's has developed training and development programs and reintegration programs such as Bring Her Back which provides support to mothers returning from maternity leave and women returning from career breaks.
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