Why diversity is important

All of the aforementioned will have a considerable impact on your profits and so it makes sense to include this as part of your HR and people strategy. It can take your business results and company culture to a whole new level and people will aspire to be part of such an entity. If you would like help with creating a diverse workplace, why not contact me now on: 7 or email enquiries peepshr. By entering your details you are asking for our ' Importance of the induction process ' ebook to be emailed to you with a download link to the PDF.

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Diversity in the workplace is vital for employees because it manifests itself in building a great reputation for the company, leading to increased profitability and opportunities for workers. Workplace diversity is important within the organization as well as outside. Business reputations flourish when companies demonstrate their commitment to diversity through aggressive outreach and recruiting efforts.

An organization known for its ethics, fair employment practices and appreciation for diverse talent is better able to attract a wider pool of qualified applicants.

Other advantages include loyalty from customers who choose to do business only with companies whose business practices are socially responsible. Diversity is good, especially good with tangible benefits. There are many benefits of Diversity in the workplace.

With the above, it further translates the benefit to tangible ones:. Having a diverse workplace allows organizations to more effectively market, better serve and communicate to consumer groups from different cultures, races and religious backgrounds, which in turn may lead to increased sales and profits and access to a more diverse market. Diversity widens viewpoints and takes different ideas and perspectives into account. This can translate into creating richer solutions, obtaining better results and maximizing productivity, innovation and creativity.

Once onboard, employees that feel valued and respected and that are part of an inclusive work environment are less likely to leave. Doing both of these successfully can help reduce expenses related to recruitment and retention.

Another benefit of diversity and inclusion is it can lead to you explore the unknowns. A diverse workplace offers more than exposure to employees from different cultures and backgrounds. Employees learn from co-workers whose work styles vary and whose attitudes about work varies from their own. This is particularly true for employees within multigenerational work environments, as well as those who work in environments that are accessible to those with disabilities.

Your team from top to the bottom will interact with employees from different backgrounds, world views, or different life stages.

And your employees will talk, they talk to each other, they work with each other. A welcoming culture will increase engagement from employees because even your minority diverse employee will feel included in an inclusive workforce. Internally, being diverse and having a proper Diversity and Inclusion policy will protect the company from unexpected risks. Yet another benefit and business case for diversity is the ability to operate effectively as well as efficiently in a global context.

The fact that the entire world is a colourful depiction of diversity. Thus, to go global, a diverse workforce is some sort a basic requirement. If a business leader is serious about their business, having a diversity valued workplace can prepare an organization to go global and expand the business.

I am certain there are more benefits for a business case for Diversity and Inclusion , and the list of benefits will grow as companies measure and show ROI of it. Baby boomers are retiring, and the birth rate is dropping. The talent pool will be changing fast, and soon.

If you know that diversity will be a key to success in 5 or 10 years, is it wise to start already? In my next article, I will write about how to recruit for a diverse workplace for diverse staffing, hiring, and building a diverse workplace environment. As millennials make up a sizable portion two-fifths of the working-age population, they have a massive influence on the ways that companies who want to thrive need to think about doing business.

Therefore, it stands to reason that smart businesses need to purposely seek to fill their ranks with diverse employees if they want to compete in the marketplace both now and in the future. When we have a strong, homogenous culture, we stifle the natural cognitive diversity in groups through the pressure to conform. A study conducted by Glassdoor found that two-thirds of active and passive job seekers said that a diverse workforce is an important factor when evaluating companies and job offers.

Having a diverse workforce attracts more applicants to your business and even gives your company a competitive edge over bigger firms.

It also attracts clients who choose to only do business with companies whose business practices are socially inclusive and responsible. Conflict in the workplace is inevitable. When there is a lack of acceptance or respect among employees, conflicts tend to arise. Mutual respect, however, reduces the likelihood of conflict, uniting employees with a common purpose.

Developing cultural awareness is key here. By practising open communication in conjunction with truly accepting and supporting diversity within the workplace, conflict can be reduced or avoided entirely.

Women at Work: 9 Ways to Support Women in What holidays do you celebrate? What is your racial identification? What is your ethnic identity? What is your culture? Why is cultural diversity so important? Our culture is what shapes us, it shapes our behaviour and our identity. Culture is our way of living, it refers to the shared language, beliefs, values, norms, behaviours, and material objects that are passed down from one generation to the next.

Sociologist Dr. Caleb Rosado, who specializes in diversity and multiculturalism, described seven important actions involved in the definition of multiculturalism:. Cultural diversity is important because our country, workplaces, and schools increasingly consist of various cultural, racial, and ethnic groups.