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Diversity is good for business. Here’s why…

Having a diverse team at an inclusive workspace is not just great for humanity, but great for business too. Surprised? Read on to understand how making diversity a company policy during hiring and creating inclusive workspaces improves your bottom-line.

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Diversity is good for business. Here’s why…

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  1. Diversity is good for business. Here’s why… Having a diverse team at an inclusive workspace is not just great for humanity, but great for business too. Surprised? Read on to understand how making diversity a company policy during hiring and creating inclusive workspaces improves your bottom-line. 1. Increase in innovation & creativity Diversity widens the perspective that goes into the ideas behind products. When businesses have diverse teams, consisting of people of different social, ethnic backgrounds, genders, and sexual orientations, they look at problems from varying viewpoints and search for inclusive solutions. This fosters creative thinking and innovation among employees, a fact corroborated by Harvard Business Review in their research too. 2. Attract the best from a larger talent pool A study by Glassdoor has shown that 3 out of 4 candidates looking for jobs consider Diversity and Inclusion (D&I) in a company to be an important factor while looking for a job. And with the workforce going global post pandemic, it is all the more important for companies to have a diverse workforce that helps them stay competitive. Companies have a chance to attract candidates from a larger pool of talent by posting in diversity- oriented job groups. While Apple’s former CEO Tim Cook once said that inclusion inspires innovation, tech companies are notorious for the lack of diversity in talent, a problem which still persists. And to fix this gulf, diversity tech recruiting and staffing companies like Han Staffing are helping businesses ensure that they tap into the diverse talent pool available. 3. High levels of job satisfaction among employees Companies with a diverse workforce have higher job satisfaction and employee retention. At inclusive organizations, employees find it safe and encouraging to pitch novel ideas. This fosters a culture of free expression of thought, and equal airtime to all voices. Employees tend to stay longer with companies who value an employee’s thoughts, challenges and happiness, irrespective of their racial, ethnic, socio-economic background.

  2. Organizations that consider D&I in their workforce are seen as socially responsible. And employees take great pride in working for such companies. Continue reading

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