What is workplace diversity?
Workplace diversity is a term used for creating an inclusive work environment.
Companies with workplace diversity employ individuals with a variety of different characteristics, such as age, gender, sexual orientation, race, ethnicity, religion, political views, cultural background, etc.
In an inclusive workplace culture, all these individual differences among employees are accepted and all employees are treated on an equal basis.
The benefits of diversity in the workplace
Benefits of workplace diversity are usually mentioned in the context of social responsibility and boosting a company’s reputation.
However, workplace diversity has many tangible benefits that directly impact the company’s bottom line and revenue.
According to research, there are top 10 benefits of diversity in the workplace:
- Variety of different perspectives
- Increased creativity
- More innovations
- Faster problem-solving
- Better decision making
- Increased profits
- Higher employee engagement
- Reduced employee turnover
- Better company reputation
- Improved hiring results
The Rising Importance Of Workplace Diversity
Workplace diversity has a significant impact on employees’ engagement and productivity. As a result, workplace diversity has a direct effect on the success of companies.
The importance of workplace diversity is even more amplified in today’s global market. With the help of new technologies, companies are now able to reach people from different groups all over the world. Companies with diversified workforce are able to better understand differences among people around the world, accept and leverage them to sell their products and services on the global market more successfully.
Thus, diversity in the workplace isn’t just a passing fad – it’s a better way to do business in a modern world. Successful employers know that and actively promote diversity and inclusion in the workplace.
TH.0 presents businesses with the perfect opportunity to boost diversity at your office through ”Over The Rainbow” Hackathon 2021. Registrations are now open.
If you would like to sign up as a participant, click here: https://bit.ly/3hadSVI