The Advantages Of A Diverse Workforce
The term diversity covers many complex issues and building a diverse workforce is a critical goal for many organizations. According to a survey by McKinsey and Company, businesses with a diverse workforce are 35% more likely to have financial returns above industry medians.
Employing workers with varied cultural backgrounds and language skills helps you to establish an organization with a competitive edge in a global economy.
A diverse workforce can lead to:
- greater creativity as people approach problems and challenges from different perspectives
- higher employee morale with an open and inclusive environment
- attracting new talent
- improved market growth
Although the transition to a diverse workplace can be difficult, many organizations are finding that it’s worth the effort and investment as results are both morally and financially rewarding. Organizations can also use diversity and inclusion programs to better meet legal and compliance obligations.