Most small businesses, medium companies, and global enterprises have one thing in common: they are trying to improve their D&I efforts. What was already a buzzword, trend, and recommendation, diversity is becoming a must for organizations no matter the size and background.
But many are implementing diversity policies as a manifestation of sole compliance, fear of being judged, or because it is known to boost profit. That is the reason why these policies often don’t give satisfactory results, and they don’t genuinely increase diversity.
The key to fostering diverse workplaces is to understand what diversity means and how it brings a multitude of benefits for both the company and employees. Companies need more awareness programs that will make the concept of D&I closer to managers and workers.
When executives and leaders spread awareness and explain how diversity enhances the workplace, these programs will get more credibility and comprehension. Here are three reasons why diversity and inclusion will benefit a company and its staff.
1. INNOVATION AND CREATIVITY BOOST
People of different races, ethnicities, and beliefs, coming from various backgrounds, bring their unique perspectives and ideas that homogenous groups usually don’t have. Indeed, diverse teams help awake innovation, which Hard Business Review research from 2013 confirmed. Hence, organizations that hire, nurture, and welcome diversity, will have an advantage comparing to competitors because they have higher odds of generating groundbreaking solutions.
2. BIGGER TALENT POOL
Candidate attraction and a variety of choices have an impact on talent acquisition and the hiring process. The chances of identifying the most compatible prospect grow when the talent pool becomes more abundant. When recruiters expand their pursuit and reach out to diverse groups, they will have more options and opportunities to find marvelous talents that fit their hiring metrics. Besides, embracing diversity also gives more chances to professionals from marginalized groups.
3. EMPLOYEE ENGAGEMENT INCREASE
Imagine a workplace that suppresses diversity, the identity of employees, and allows discrimination to thrive instead. It is unlikely that employees working in such companies will look forward to going to their job. Thus, they will probably only take care of their principal responsibility, without motivation to put in the extra effort.
On the other side, when employees feel that they have support from their managers, that they don’t have to hide who they are, and that everyone is welcome, that will boost their productivity and engagement. That’s why employers must build and foster workplaces that accept, cherish, and support people according to their skills, dedication, and merits despite their origin, religion, or sexual orientation.