The Equity Advantage: Cornerstone’s equity-first approach to DEIB

In July, SHRM announced they are dropping ‘equity’ from their inclusion and diversity framework, citing polarization and misunderstanding about the term. The move ignited a robust dialogue amongst HR professionals about the future of DEIB efforts.

The day after SHRM’s announcement, I sent an internal memo to all Cornerstone employees (Cornerstars), and posted publicly on our blog:

“We will not remove equity from our labeling or our efforts. Here at Cornerstone, we take an equity-first approach. We believe there is no inclusion without equity. To us, equity means that our workplace is measurably fair — a place where everyone can achieve their fullest potential. We can only approach this work with integrity when we’re truthful about what it takes to make progress.”

As a leading HR tech company, we have always embraced our role as innovators and influencers within our industry. Our purpose is to power the potential of people and organizations to thrive in a changing world. As pioneers in workforce agility, we know that an organization’s ability to reach its fullest potential is directly related to each individual within that organization achieving their potential.

We also know that lack of diversity within an organization is a symptom of inequitable process. In short, diversity within an organization is an outcome of equity. And diversity in itself isn’t the end game — it’s how we treat employees and ensure everyone has equitable access to opportunity within the organization. That is why we believe it is so important to take an equity-first approach to DEIB. And that’s why we’re taking a stance on it today.

We’ve adopted five principles that comprise our unique DEIB philosophy that explain why we do what we do. Our principles are:

The mindset required to lead in DEIB is the same mindset that helps us be better people, and a better business. We can only achieve our vision when all of us can maximize our potential.

We live in a world that is designed by and for those in privilege. At Cornerstone, privilege is the power to lift people up - It’s our responsibility to center underrepresented groups so they experience the same access to opportunity as everyone.

Changing a mindset without dismantling structural inequities in our systems does not change outcomes. Changing systems without changing mindset also does not change outcomes. We must transform both simultaneously to make real progress.

We rigorously collect, protect, and analyze data to create and ensure equity across our employee lifecycle and talent ecosystem.

Active commitment to DEIB is a pre-requisite to join, lead, and advance at Cornerstone. We aspire to create and maintain equitable talent programs and processes, and expect Cornerstars to lead by example and speak up to address opportunities to do better. When we know better, we do better.

In this article series, I’ll unpack each of these principles, explain the theory behind it, and give examples of how we apply it at Cornerstone. By sharing our equity-first approach to DEIB, and the ‘why’ behind our approach, we hope to inspire a deeper dialogue about DEIB, and support our users and customers in their own DEIB journey. Equity is a foundational platform of our product – this isn’t something we just talk about. It’s something baked into the core of who we are and what we do.

Unlock deeper insights into diversity, equity, inclusion and belonging by diving into the award-winning series, A Seat at the Table.