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Equity meaning: what is equity?

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Equity definition

Equity refers to the fair treatment and opportunities for all individuals, regardless of their race, gender, sexuality, age, ability or other characteristics. Equity reinforces a fair playing field so that everyone has an equal opportunity to succeed.  

It is important to note how equity is related to – but distinct – from equality. Rather than treating everyone the same without considering individual differences, equity focuses on fairness by acknowledging the unique needs and barriers of specific individuals and minority groups. Equity involves providing access, support and opportunities based on those individual needs to ensure that everyone has an equal opportunity to succeed, regardless of their background.  

Real-world context

  • Enhanced inclusivity: An equitable workplace contributes to a culture where all talents are valued, enhancing employees’ sense of belonging, and thus boosting collaboration and productivity. Organisations that foster equity can leverage a broader range of perspectives and talents, helping all employees to feel valued and respected regardless of their background. 
  • Enhanced talent acquisition and retention: By promoting equity, organisations can better attract and retain diverse talent. By working to mitigate biases and offering equal opportunities to all, companies can become attractive to skilled professionals who prioritise workplaces that welcome and celebrate their diverse perspectives and backgrounds.
  • Improved reputation and long-term success: Fostering equity is crucial for business strategy. Organisations who build equity into their processes show a commitment to fairness and inclusivity, enhancing their relationships with employees, clients and stakeholders. Thus, an equitable workforce positively impacts an organisation’s reputation internally and externally, contributing to long-term success.

Related services

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