Although 96 percent of executives believe having a diverse and inclusive workforce can improve employee engagement and business performance, enterprises need to do more to promote inclusion, according to a survey released today by the Korn/Ferry Institute. Seventy-two percent of executives polled said their organizations have diversity and inclusion programs, but only 23 percent said their firms give senior executives financial incentives to promote inclusion.

“We are encouraged that nearly all of the executives surveyed recognize having a diverse and inclusive workplace gives them a strategic advantage in the marketplace,” said Oris Stuart, a senior partner in Korn/Ferry Leadership and Talent Consulting. “At the same time, there’s work to do in holding managers and leaders accountable and creating incentives.”

Question results included:

Do you think having a diverse and inclusive workforce can lead to higher employee engagement and improved business results?

Yes: 96 percent
No: 15 percent
Don’t know: 3 percent

Does your organization have a strategy in place to drive employee engagement?

Yes: 70 percent
No: 28 percent
Don’t know: 2 percent

Does your company have a strategy or program in place that promotes diversity and inclusion?

Yes: 72 percent
No: 24 percent
Don’t know: 4 percent

Do management performance appraisals include a component for success in effectively managing diversity?

Yes: 52 percent
No: 43 percent
Don’t know: 5 percent

Does your organization have a diverse mix of leaders?

Yes: 64 percent
No: 36 percent

Is executive compensation at your organization tied to diversity goals?

Yes: 23 percent
No: 71 percent
Don’t know: 6 percent

The survey was conducted with more than 400 executives in August 2013.