What are the Benefits of Improving Diversity?

Having a well thought out Diversity and Inclusion strategy in place can provide many benefits to you and your business. CIPD research shows inequality is still wide spread and businesses could be doing more to change this. Businesses are in a unique position to show the importance of Diversity and Inclusion in the workplace by demonstrating inclusion methods for good business outcomes. A good strategy for diversity and inclusion should go beyond legal compliance and focus on each employee as an individual. By doing this you can use your strategy to add value to your organisation whilst contributing to employee wellbeing and engagement in the process. 

Skills and Ideas 

A good strategy which focuses on both Diversity and Inclusion will enable each employee to have a voice, feel safe and therefore feel valued at work. When an employee feels valued at work they are more likely to develop a good work ethic and from this your business will reap the benefits. Individuals who come from different backgrounds can offer a selection of different talents, skills and experiences to your business which will ultimately benefit your organisation but also your employee’s work performance. Having a diverse workforce enables employees and employers to learn from each other whilst influencing creativity. Having different backgrounds and identities can keep your business innovative and really drive the company forward. 

Productivity

When your employees feel valued they are more likely to be more productive at work which will have a positive impact on your business. When inclusivity is priority and all employees feel as if they have the opportunity to achieve their best work, they are more likely to feel comfortable and happy in the workplace and therefore will be more likely to feel more engaged and encouraged to work as a team.

Expansion

If you are looking to expand your business overseas a good Diversity and Inclusion strategy will be a huge benefit to you. Having different languages and cultures can help your company become more relatable to international audiences, to both customers and clients. When moving into overseas markets this will really give you the competitive edge amongst other businesses who may not use the full potential of their employees. This is due to understanding different cultures and what is appropriate for overseas audiences and businesses.