{ "docId": "019dd923-5ca1-7489-b636-b3a8a5b4e226", "docSlug": "4088f68b273c6564", "documentTitle": "VC Human Capital Survey", "authorId": "Deloitte", "authorName": "Deloitte", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 10, "pageCount": 52, "prevPage": 9, "nextPage": 11, "slideType": "key_messages", "function": "summarize", "density": "overcrowded", "nDataPoints": 6, "notes": "The slide includes a navigation sidebar on the right indicating the current section.", "elementsJson": [ "headline_text", "paragraph", "photo" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b636-b3a8a5b4e226/10", "deckHref": "/decks/019dd923-5ca1-7489-b636-b3a8a5b4e226", "deckJsonHref": "/decks/019dd923-5ca1-7489-b636-b3a8a5b4e226.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b636-b3a8a5b4e226#slide-10", "components": [ { "bbox": null, "kind": "callout", "text": "VC firms have a clear moral and business imperative to expand their networks by hiring talented professionals from groups that are underrepresented in the industry, build diverse teams of investment decision-makers, and provide an inclusive and supportive culture.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-ba8d-77da-9976-8e084b5ce0cb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.28, "w": 0.68, "x": 0.04, "y": 0.14 }, "kind": "image", "text": null, "attrs": null, "subkind": "illustration", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aeff81dd-2a9b-47ba-96a5-8ae45c86d8a6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.9, "w": 0.15, "x": 0.85, "y": 0.04 }, "kind": "list", "text": "Executive summary\nWhy DEI matters for the VC industry\nThe diversity dividend\nBarriers to DEI progress\nGender diversity\nRacial diversity\nEthnic diversity\nOther key characteristics of the VC workforce\nTalent management and DEI practices\nTake action: How VC firms can promote DEI", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b08d5ef8-eeac-4209-b6c1-fb5eb6331308", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "percentage of VC firms receiving LP requests for DEI details: 47%", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd951-ba8d-77da-9976-9251546940cb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.33, "x": 0.39, "y": 0.62 }, "kind": "paragraph", "text": "VC firms have a clear moral and business imperative to expand their networks by hiring talented professionals from groups that are underrepresented in the industry, build diverse teams of investment decision-makers, and provide an inclusive and supportive culture in which talent can thrive and succeed; in turn generating value for the firm and its LPs.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "83517a78-0b15-4c99-ab26-b572e813e96b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.33, "x": 0.39, "y": 0.46 }, "kind": "paragraph", "text": "DEI also remains an area of focus for LPs. LP interest in environmental, social, and governance (ESG) strategies is becoming more common, driven partly by regulatory factors, their institutions' strategy/stakeholders, or the outperformance of diverse teams as seen in various research. In the latest survey, 47% of VC firms said that LPs had requested their DEI details within the last 12 months, up from 41% in 2020 and 36% in 2018.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a84d35fc-d46f-447b-8389-c3cfbb3dd570", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.33, "x": 0.04, "y": 0.46 }, "kind": "paragraph", "text": "In a Deloitte survey of human resource (HR) managers worldwide across multiple industries, 79% said that fostering a sense of belonging in the workforce was important to their organization's success, and 93% agreed that a sense of belonging drives improved organizational performance.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "af45caba-2c63-4653-af79-f9a72d35659e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.33, "x": 0.04, "y": 0.62 }, "kind": "paragraph", "text": "However, many firms have struggled to create such inclusive workplace environments. All too often, racial and ethnic minority employees feel that they have to \"cover\" while at work, i.e., change their appearance or behavior to be accepted. A Deloitte study across multiple industries in the United States found that 79% of Black and 63% of Hispanic employees reported covering while at work.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b3fde9c2-97d7-4339-a503-7c6056883efa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.33, "x": 0.04, "y": 0.78 }, "kind": "paragraph", "text": "Research has found that whether a workplace is inclusive constitutes an essential factor for most employees when choosing a company to work for or deciding whether to remain at their current employer. Providing an inclusive workplace is a significant factor when competing for millennial talent, who now constitute 55% of the VC workforce.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cb609cb3-eb19-4856-8487-4be1a0f43437", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.25, "x": 0.04, "y": 0.04 }, "kind": "title", "text": "The diversity dividend", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8aa01463-df0b-4d78-84d4-3d29a8868fc1", "frameworkName": null, "frameworkSlug": null } ], "metrics": [ { "metricRaw": "percentage of VC firms receiving LP requests for DEI details", "numberRaw": "47%", "numberKind": "percent", "actionTitle": null, "calloutText": "VC firms have a clear moral and business imperative to expand their networks by hiring talented professionals from groups that are underrepresented in the industry, build diverse teams of investment decision-makers, and provide an inclusive and supportive culture.", "numberScale": null, "numberValue": 47, "metricFamily": "survey_sentiment", "numberCurrency": null } ], "tools": [], "frameworks": [], "arcBeats": [ { "to": 11, "from": 8, "beatId": "c176cd79-b0d8-41f1-8c16-d91d09901a97", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies the challenges of DEI in the VC industry, including barriers to progress.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [ { "to": 11, "from": 8, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "4dd23c1c-4b52-4dac-819a-50ce19fe2ce8", "evidence": "The document highlights the challenges and opportunities of DEI in the VC industry, implying the costs of inaction.", "position": 0, "objective": "What are the consequences of not addressing DEI in the VC industry?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }