In a survey by Gitnux (a company that explores the latest trends in software, HR, marketing, and business management), 57% of US employees reported benefits from participating in ERGs, such as professional development and career advancement. The same survey highlights up to a 4% increase in minority representation within an organization.
ERGs are a valuable tool for those looking to climb the corporate ladder. They provide networking opportunities with leadership and an ability to showcase talents outside of their regular job functions.
This can only happen when employees are made aware of ERGs, given the opportunities to participate fully with supportive managers, and company leaders recognize the benefits of an ERG and then make an effort to rally the support of these communities.
A study by A Great Place to Work, illustrates the disconnect between what executive sponsors of ERGs think and what ERG participants feel. For example, 78% of sponsors believe that involvement in ERGs supports career advancement, while only 40% of ERG leaders agree.
Leaders can change this:
- Recognize ERG leaders and their contributions.
- Reach out and have hard conversations about how the goals and objectives of the ERG align with the organization.
- Provide a meaningful budget, involvement from senior leaders, and help with career advancement.
- Promote ERGs at a company level, encouraging more employee participation.