If you read the title of this article and thought about “equity” in terms of either pay or DEI initiatives, you’re right. Yet there’s another type of equity with which you might not be as familiar. And it underpins most modern workplace efforts at achieving parity, playing a critical role in how much DEI progress an organization can truly make.

“Development equity,” as I define it, means equitable access for underrepresented minorities and women to formalized, career-enhancing development opportunities. It’s a concept I created to help organizations take the first steps toward succeeding in the “future of work.” As much as that concept has been discussed recently, at its core, the “future of work” is less about where people work and more about how they work. Specifically, how they’re perceived, valued and rewarded for their talent, skills and experience.

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