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  2. Sep 1, 2023 · Diversity and inclusion are essential for cultural understanding, innovation, and social cohesion. Learn how they promote equality, respect, and resilience in today's globalized world.

    • So Really, Why Is Diversity Important?
    • Why Is Diversity Good & Important?
    • In The Future, Companies Won’T Have A choice. Why Not Start Diversity Now?
    • How Does Diversity Help The Workplace?

    We talked about all the benefits and how diversity can impact our society. Let’s talk about how you are impacting others. Think of a time that you are left out and the awful feeling; on the flip side think about a time where you belong, the excitment that you have in a group? The right to be able to enjoy the excitment that you have, no matter wher...

    Diversity is good, especially good with tangible benefits. There are many benefits of Diversity in the workplace. With the above, it further translates the benefit to tangible ones:

    Baby boomers are retiring, and the birth rate is dropping. The talent pool will be changing fast, and soon. If we want to continue to attract the best talent, we need to be reflective of the talent in the specific market and offer a work environment that employees want to be a part of. If you know that diversity will be a key to success in 5 or 10 ...

    Reduce employee turnover

    Fun facts: 1. A Glassdoor surveyfound that “57% of people think their company should be doing more to increase diversity among its workforce” 2. A Deloitte University study reportsthat “83% of millennials are actively engaged when they believe their organization fosters an inclusive culture, compared to only 60% of millennials who are actively engaged when their organization does not foster an inclusive culture.” As millennials make up a sizable portion(two-fifths) of the working-age populati...

    Company culture

    Research published by theHarvard Business Review reported that “…people like to fit in, so they are cautious about sticking their necks out. When we have a strong, homogenous culture, we stifle the natural cognitive diversity in groups through the pressure to conform.” Therefore, diversity in the workplace can lead to creativity in resolving problems as well as creating new products and services. In fact, a study found that diverse teams“were [sic] shown to make decisions faster than individu...

    Compete globally

    A diverse team can help you compete in the global marketplace. And diversity jobs are one of the hottest jobs in the market, and the top leaders in any diversity function is usually the Chief Diversity Officer. If you have employees who speak more than one language and/or understand other cultures you have an advantage over companies with a homogenous workforce. The co-founder and CEO of Wattpad, Allen Lau, once shared how diversifying their workforce helped the company to grow quickly. He sa...

  3. Aug 17, 2022 · Why is diversity in the workplace important? A series of three McKinsey reports shows the impact of diverse workplaces: Why diversity matters (2015), Delivering through diversity (2018), and Diversity wins: How inclusion matters (2020).

  4. Sep 27, 2022 · Why is Diversity One of Our Greatest Strengths? Diversity leads to innovation. Simply put, each one of us—due to how our minds are wired, our experiences, and our worldview—has a particular...

  5. Nov 4, 2016 · Why Diverse Teams Are Smarter. Striving to increase workplace diversity is not an empty slogan — it is a good business decision. A 2015 McKinsey report on 366 public companies found that those...

  6. Sep 18, 2017 · Diversity of race, ethnicity, gender, and sexual orientation can enhance creativity, problem solving, and innovation in groups and organizations. Learn how informational diversity fuels innovation and how to overcome the challenges of diversity.

  7. Jun 12, 2024 · Learn why diversity is vital in the workplace, including increased productivity, better engagement, and improved company culture.

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