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For more information, check out our privacy policy. Written by Caroline Forsey cforsey1. Diversity in the workplace can increase ROI, lead to more innovative ideas, and foster a more productive work environment.
Embracing diversity is a critical step for your business to grow and make an impact on a global level, but oftentimes, it's difficult to discern the true benefits of diversity -- and, if you don't know the benefits of diversity, how will you ever push for change? Sure, we can say, "strength lies in differences," but what particular strengths are we talking about?
Here, we've cultivated a list of five awesome benefits of diversity at work, so you can understand and teach others why your company needs to enact diversity initiatives immediately.
There have been plenty of studies to support the notion that diversity breeds creativity and innovation. It makes sense -- if you have a team of people with diverse backgrounds, experiences, and perspectives, you'll have a broader range of solutions offered.
Ultimately, it's critical you have diverse perspectives to enable your team to brainstorm out-of-the-box solutions to complex problems, or challenge each other's way of thinking. Diverse perspectives can also help you develop better products to meet your customers needs. For instance, Mattel Inc. It allows us to better understand the business opportunities in various markets around the world, and develop products that resonate with consumers in diverse cultures. By promoting diversity, Mattel Inc.
If you have a team of people with different skills, backgrounds, and prior experiences, you're more likely to have people who offer unique ideas and brainstorm better solutions. In fact, Harvard Business Review found diverse teams are able to solve problems faster than cognitively similar people. Additionally, diversity enables you to create a culture in which everyone feels comfortable sharing their ideas.
If you have a team of nine men and one woman, that one woman might have some fantastic ideas but remain silent out of a sense of being outnumbered. That's a shame -- her ideas could be the solution to a major company problem. If you expect that you'll get pushback, you'll think more about why your ideas are worth fighting for or listening to. Ultimately, creating a company with diverse teams will inspire more creative ideas, but just as importantly, it will enable you to create a culture in which your employees feel safe sharing those ideas.
There are now funding and incentive schemes in place to encourage businesses to support people with a disability, Indigenous Australians, mature-aged people, and those who have been in long-term unemployment. Here are some tips to help create a more diverse workplace:. Having a diverse and multicultural workplace brings several advantages. The top five benefits of workplace diversity include:. Achieving workplace diversity means you are bringing out the very best of your employees and allowing them to reach their full potential.
This is because a diverse team can provide their ranges of experiences and skills and allow other co-workers to learn and work well with together. Increased productivity means that ideas can be exchanged, and the business can thrive in a shorter period of time amongst competitors that do not have a diverse and inclusive workforce.
This is because you are able to market your business to those from different backgrounds that reflect those that are already working. Employees are able to promote the business effectively as they have similar backgrounds with the intended target audience. As a business there is also room for growth as there are differences you begin to learn between different groups of people and how to target yourself towards them.
If the business encourages diversity and inclusion, then when it comes to finding new talent there is more to choose from. It will not be about recruiting a certain type of person that looks a particular way but rather focusing on the skills a person can bring and contribute to the business. This will help with the growth of the business as only the best talent will be hired.
By having a diverse and inclusive workforce and managing it successfully, this ultimately will lead to higher revenues. Employees will be happier in their job roles; new ideas will arise, and productivity will increase.
This will lead to greater successes within the business and allow the business to flourish and stand out amongst competitors. I am not suggesting you should do it for the money but if it positively impacts the culture of the organisation, productivity and the bottom line surely it is a no brainer?
It is time organisations took more of a proactive stance on employing a diverse workforce that reflect the real people of society today.
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