Are you looking for a foolproof way to outperform your competitors, increase employee engagement and ultimately make more money? Workplace
If yes, then you need to make sure that your workplace is as diverse as possible in 2021 and beyond.
Presenting itself as an inclusive place for people of varying gender, ages, religion, race, ethnicity, cultural background, sexual orientation, education, and abilities, a diverse workplace can transform your business and your employees within it.
Still not entirely convinced that you need to embrace diversity.
Keep reading to discover five further benefits of creating a diverse workplace for you, your team, and your overall company culture.
What exactly is a diverse workplace?
Although you may have a good idea of what is diversity in the workplace, the definition of diversity, equality & inclusion is as follows:
“DEI (Diversity, Equality, and Inclusion) ensures fair treatment and opportunity for everyone. It aims to eradicate prejudice and discrimination based on an individual or group of individual’s protected characteristics.”
Or, to put it even more simply, it is the practice of including people from a range of different social and ethnic backgrounds and different genders, ages, and sexual orientations.
What are the benefits of a diverse workplace?
There are many benefits of creating a diverse workplace, for both your business and its employees, with the most striking ones detailed below.
- Enhanced creativity
No matter what industry you are in, every business can do with a bit more creativity and innovative thinking, especially when it comes to growing your brand in the future. One of the key advantages of having a diverse workplace is the varying perspectives that you have at your disposal.
- Improved problem-solving
A study completed by Harvard Business Review has shown that diverse teams solve problems much faster than ones that consist solely of people from similar backgrounds, ages, and genders. This is because people from various backgrounds can bring more diverse solutions to the table, leading to a faster and more effective end result.
- Increased employee engagement
If you struggle to keep your employees engaged, and perhaps you even suffer from a low employee retention rate resulting from this, a more diverse workforce may be exactly what you need. Businesses that focus on diversity during the hiring process are more likely to have employees who feel included, leading to higher engagement levels.
- Better company reputation
Companies that hire a diverse workforce are seen as more interesting, relatable, and socially responsible than those that don’t. This is beneficial in terms of how you are perceived by your customers and attracting new talent to your business.
- Greater profits
Ultimately what every business wants, having a diverse workplace can help you to achieve greater profits. From enabling you to make better and faster business decisions, to making you more innovative, to giving you a stronger and more versatile skillset at your disposal, research suggests that companies with more diverse teams are more likely to be top financial performers.