- According to new research conducted by the Valuable 500, 47% of businesses believe there aren’t enough candidates with a disability, however, research by Virgin Media and Scope in the UK shows there are 1M disabled people who want to work but are being denied the opportunity
- The research highlights how misconceptions, lack of representation and taboos are still playing a huge role in recruitment policies
- Research also showed that almost two thirds (63%) of businesses didn’t know how many people within their organisation identify as disabled
- The findings come as the Valuable 500 marks three years since its launch at Davos in 2019
London, 3 Feb: Global business collective, the Valuable 500, today announces new research showing that almost half of businesses believe that a key barrier to the recruitment and retention of disabled employees is the lack of candidates.
This contrasts evidence from government figures showing that there are one million disabled people in the UK who want to and can work but are being denied the opportunity. The data, highlighted by Virgin Media and Scope with their ground-breaking campaign – ‘Work with Me’ was supported by an Opinium survey of 2,000 disabled people which found that when applying for jobs only half of applications result in an interview, compared with 69% for non-disabled applicants. 2021 Government figures show that the disability employment gap sits at 28.4%, a decrease year on the year by just 0.7%. This shows a clear need for a shift away from misconceptions and taboos in recruitment.
One major factor behind the lack of job candidates with disabilities could be attributed to lack of representation of disability inclusion. Whilst there has been a growing awareness in the past year, it still doesn’t have its deserved share of voice in the broader business agenda. It is often a forgotten aspect in this conversation – particularly when it comes to business leadership where just 4% of CEOs have a disclosed disability. The Valuable 500 is working to tackle this critical issue by promoting better ‘story telling’ by business leaders with first-hand experience of disability.
Disabled people bring immense contribution to business and society as a whole, making up 15% of the global population, they bring diversity of thought, lived experience and a wealth of talent, all vital for the business sustainability agenda.
The Adecco Group, based in Zurich, Switzerland, is the world’s second largest Human Resources provider and temporary staffing firm and a member of the Valuable 500.
Further data from Valuable’s research highlighted that 85% of businesses acknowledge that disability inclusion should be at the heart of their business strategies. This shows a significant disconnect between ambition and action, an area which needs to be improved.
The research also found that only 58% have a policy in place that actively addresses disability inclusion – highlighting the need for change is still ongoing. In addition to this, 87% of companies feel that they have made progress on their Valuable 500 commitment since joining the collective which is supported by the fact that 63% of companies now feature people with disabilities in their communications or marketing campaigns. However, less than half of the signatories have records of the percentage of the workforce that have a disability.
These initial insights derive from ongoing research conducted by the Valuable 500 members, through an in-depth survey across 500 companies; consisting of 22 million employees; spanning 64 sectors and 41 countries. The full report will be released later this year. Signatories to the Valuable 500 represent an elite group who are in the vanguard of disability inclusion, and whilst it’s encouraging to see some clear shifts towards change, it is clear there is still a battle to be won.
Since reaching the goal of 500 organisations in May 2021, the Valuable 500 has launched phase 2 of the campaign, which will see the 500 major organisations work together to make change happen for disability inclusion in business. The Valuable 500 has also received the largest ever investment into disability business inclusion, with The Nippon Foundation investing $5 million to catalyse new Valuable 500 initiatives.
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Media Contacts
For interviews and further information, please contact:
Jess Buckley
Seven Hills
Telephone: +4477-09647108
Email: [email protected]
Richard Poston
Director of Communications, the Valuable 500
Email: [email protected]
Notes to Editors
About the Valuable 500
Valuable was launched by social entrepreneur and activist Caroline Casey at One Young World 2017 in Bogota, Colombia and the inception of the Valuable 500 was announced at the World Economic Forum Annual Meeting in January 2019. Today the Valuable 500 is the largest community of Global CEOs committed to disability inclusion in business.
Since its creation, the Valuable 500 has achieved its initial goal of persuading 500 multinational organisations to make a public commitment to disability inclusion in their organisation, igniting a historic global movement for a new age of diversity in business. The Valuable 500 and their global impact partner The Nippon Foundation, will be working closely with the World Economic Forum and International Disability Alliance – bringing together a leading philanthropic organisation with the most prestigious global business network and the voice of the global disability community.
By engaging with the world’s most influential business leaders and brands, the network now has a combined revenue of over $8 trillion and employs a staggering 22 million people worldwide. Its members include 13 global CEOs and companies who will be spearheading the programmes and services to be offered under Phase 2 of the campaign, which will be activated through global disability surveys, disability trend reports and an executive disability resource hub.
After reaching this important milestone, the Valuable 500 is determined to create a community that supports and empowers its 500 members to systematically transform their businesses, so they include the 1.3 billion people living with disabilities worldwide, thereby unlocking their business, social and economic potential.
We believe that if business takes a lead, society and government will follow, truly inclusive businesses can build truly inclusive societies.