CEPSA: Commitment To Diversity Management Strengthens Sustainability And Innovation In Organizations

Fundación Másfamilia, in collaboration with Cepsa, has presented, at the ‘Diversity and Conciliation Dialogues’ hybrid event, the third edition of the ‘Work-Life Balance Barometer – efr index’, a study carried out to find out and assess the state of the balance of personal, family and work life in our country.

The main conclusion from this 2020 edition is that the state of work-life balance in Spain has experienced a significant improvement of 5.0 points, which brings it to more than 12 points above the starting level in 2008.

In accordance with the data of the Barometer-efr index, the improvements have taken place in both the social and business spheres. In the social area, there was growth in all the indicators, although not as much as in the previous edition, with a 6.4-point improvement in equal opportunities and a 5.6-point increase in public health. However, other indicators, such as birth rate and family indicators, are declining slightly.

There has also been a significant improvement in the business sphere. Growth is observed in indicators such as reputation, work-life balance management and Corporate Social Responsibility (CSR) with an increase of 17, 19.1 and 7.3 points, respectively.

The overall analysis of both social and business indicators reveals a positive result, which is reflected in the public’s perception of the evolution of work-life balance in Spain. The citizen perception indicator improved in this edition, with the average of the responses standing at 3.2 on a scale of 1 to 5, taking into account that in the previous survey it stood at 2.3 with a negative trend.

Diversity and Conciliation Dialogues

During the event, kicked off by Cepsa HR and Organization Director Carlos Morán, a round table discussion on diversity and conciliation was held, moderated by Fundación Másfamilia Communications and Alliances Manager Isabel Hidalgo. María de Santos, Head of Employee Experience, Culture and Diversity and Inclusion at Cepsa; Teresa Quirós, VP of EJE&CON; Azucena García Calvo, Director of Corporate Development at Fundación Bequal and Óscar Muñoz, co-founder and co-CEO of REDI have all taken part.

María de Santos said that “committing to diverse talent gives companies a competitive edge, not only because diversity is one of the main sources of innovation, but also because it is a way to ensure sustainability.” Meanwhile, Teresa from EJE&CON said that ‘diversity management must be included in the education of the children from an early age in order to truly bring about the change that our society needs. Oscar Muñoz and Azucena García agreed on the need for training and raising awareness to normalize and enhance diversity in organizations.

A study that measures work-life balance

The Work-Life Balance Barometer is a study prepared by Fundación Másfamilia with the sponsorship of Cepsa, to determine the evolution of the state of work-life balance in Spain.

With this objective in mind, in this third edition, 87 social and business indicators related to work-life balance have been analyzed, with the aim of extracting an index to analyze their evolution between 2008 and 2020.