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  "documentTitle": "VC Human Capital Survey",
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      "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",
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      "text": "turnover rate: 17%",
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      "text": "The prevalence of prevention programs addressing harassment and discrimination has seen more progress. In the latest survey, 45% of firms reported having mandatory programs that cover harassment and discrimination, up sharply from 33% in 2020 and 29% in 2018, while 7% reported having optional programs. An additional 21% said they were likely to implement such programs in the future. This leaves 27% of firms reporting that they lacked such programs and were not likely to adopt them in the future.",
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      "text": "Exit interviews can be helpful when an employee decides to leave a firm, providing a firm with information to better recruit and manage talent in the future. Sixty-one percent of firms reported conducting exit interviews, similar to 62% in 2020 although an increase from 47% in 2018. Feedback during employment can also provide important intel on what's working and not working for current talent; 74% of firms reported having a structured format for employees to provide feedback during their employment (compared to 73% in 2020).",
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      "text": "Policies to address harassment and discrimination: Ensuring employees have a safe and welcoming environment is essential to creating an inclusive workplace. In the latest survey, the percentages of firms that reported having an employee handbook (80%), a code of conduct (79%), an anti-harassment policy (66%), and an internal contact identified for reporting alleged misconduct (66%) were roughly like those in 2020. These policies can serve as an important first step for implementing DEI practices at firms.",
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      "text": "In addition to open positions due to turnover, many firms reported that they had increased their total number of employees in the year ending June 30, 2022. Firms were especially likely to report an increase in junior-level investment positions (54% compared to 43% in 2020) and junior finance, operations, and administrative functions (51% compared to 38% in 2020). But a significant number of respondents also reported an increase among their senior investment positions (25% compared to 21% in 2020) and their senior finance, operations, and administrative roles (38% compared to 21% in 2020).",
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      "text": "Sourcing diverse talent: Bringing new talent into the industry is an opportunity to diversify the workforce. However, turnover at VC firms is low, and firms primarily look to their existing networks when sourcing new talent. Firms reported turnover of 6% among their senior investment professionals and 8% among their senior finance, operations, and administrative positions in the year ending June 30, 2022. Turnover was somewhat higher among junior-level investment professionals (20%), although this was down from 24% in 2020. Firms reported a turnover of 17% among junior finance, operations, and administrative positions, up somewhat from 15% in the previous survey.",
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