5 reasons why you should diversify your workforce

Diversification is something that all businesses should strive to achieve in the modern workplace and not just as a box-ticking exercise. You see, true workplace diversity is so much more than just ensuring that people from different backgrounds are represented at your company; it’s about creating a workplace that reflects wider society. And it’s more than just a fad too.

Whereas diversity hiring was once seen as factoring age, gender and race into the hiring process, it’s now about bringing a wider range of people to the business to bring added value. There are several tangible benefits to diversity hiring and many reasons why all businesses should be investing in it going forward.

1. New eyes

The same people are always going to approach a situation or a challenge the same way. What you need sometimes is a completely fresh approach and diversity hiring gives you more direct access to a range of different approaches from a range of different backgrounds.

2. More talent

Restricting yourself to a certain kind of employee shrinks the talent pool you have to draw from by design. By focusing on diversity, you’re opening up that same talent pool exponentially. With millennials and gen Z talent, particularly, you’ll find that opening up your talent pool to a more diverse audience introduces you to a world of talent that could completely change the way your company operates, for the better.

3. Better performance

Countless studies have shown that more diverse workplaces are also more productive workplaces. This is true for several reasons; diversity catalyses different ways of thinking and makes employees feel more comfortable being themselves. In turn, this leads to happier staff that are more open to taking risks and expressing their ideas.

4. More innovation

The best and boldest new ideas come from mixing and matching different concepts from different cultures. Think of all the musical genres and foods that have been created as a result of different cultures coming together. The same is true in business. New circumstances and approaches generate new and more innovative ideas.

5. Increased profits

While we wouldn’t be so bold as to promise that diversity will lead to profit it’s been proven that diverse workforces are more likely to earn above the industry mean than workforces with a more homogenous employee base.

EDI support

If you are interested in advancing your own businesses’ equity, diversity and inclusion (EDI) goals then there are lots of EDI support services online that can help you find your path. These companies help businesses to comply with the EDI obligations in a productive and organic way and they can advise on everything from disciplinary action to making key policy and strategy improvement

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