It helps provide insight into the needs and motivations of all of your client or customer base, rather than just a small part of it. However, actually achieving it in practice has turned out to be far more difficult than anticipated. Our research at RSM suggests that, despite a genuine will on the part of most major organizations to implement productive diversity strategies, few, if any, have to date come up with something that really works.
Firstly, it seems that too many organizations make the fundamental error of failing to align their diversity practices with their organizational goals. And in such situations, no matter how much good will there is towards the concept of diversity, the harsh realities of running the business on a day-to-day basis, of keeping customers satisfied, of selling and delivering the product or service will keep undermining it.
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. By doing so, your workplace benefits as it encourages a more varied and innovative talent pool. Stay in Touch Subscribe to keep up to date on what the team at Ability Options are up to.
Research has shown that employee engagement is heightened through diversity and inclusion. And, when employees feel accepted and valued they are less likely to stray if another opportunity were to arise, and, less likely to hunt for new opportunities because they are unhappy. As a consequence, your employees will be more motivated, will respect you and the business and are far more likely to stay.
Therefore, your employee turnover rate will be far less than that of a non-inclusive nature. In addition, as we all know, recruitment is extremely expensive and time-consuming and so if you can hold on to valuable employees you will potentially be in a far stronger position than your competitors. Your reputation will have direct impact on your sales and your recruitment and those companies dedicated to creating and building diversity are viewed in a far more positive way by investors, potential employees and potential customers.
One of our latest blogs talked about the importance of social media from an HR perspective and so if you can demonstrate to these key stakeholders that you are a diverse employer and you use social media and a mix of other channels to promote this, then you are far more likely to engage with individuals of interest. There is more public awareness than ever of diversity in the workplace and so key stakeholders and potential employees are actively searching for it.
For All is the accumulation of day-to-day experiences that help people feel they belong, that their unique talents matter and that their individual needs are cared for by their colleagues and leaders. When companies experience the very human acts of acknowledgment, inclusion, dignity and compassion, that is when they can achieve For All. For All is critical for success.
Workplaces today are more diverse and globally connected than ever before. Technological and social changes continue to alter the landscape in every industry. With a background in both quantitative and qualitative research and analysis methods, Matt helps leaders gain insight into how to build great workplaces for all, while simultaneously achieving their business goals and fueling new and innovative practices. You can unsubscribe at any time.
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