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The Hidden Benefits of Cultural Diversity in the Workplace

Mar 10, 2022
HR Acuity

Over the past few years, workplace diversity has taken the HR world by storm. Now more than ever, business leaders are recognizing the importance of building a diverse workforce – and for good reason. Not only is diversity in the workplace beneficial for your organization’s overall success, it will also put your company on the map as a desirable place to work for both current employees and future candidates.

What is diversity in the workplace?

First things first. Diversity in the workplace refers to an organization that employs individuals of varying gender, religion, race, age, ethnicity, sexual orientation, education, abilities and other attributes.

Hiring a diverse workforce has can be extremely beneficial – leading to increased productivity, enhanced employee engagement, access to a wider talent pool and more. Here’s how cultivating diversity in the workplace can shape an organization for the better.

Variety of Perspectives

Since diversity in the workplace means that employees will have different characteristics and backgrounds, they are also more likely to have a variety of different skills and experiences. This brings different thoughts, opinions and ideas to the table that wouldn’t be present with a less-diversified team. Of course, having a variety of different perspectives is highly beneficial when it comes to planning and executing a business strategy.

Improved Employee Engagement

If employee engagement is part of your business strategy (and it should be), building a diverse workforce is crucial. The link between workplace diversity and employee engagement is pretty straightforward – when employees feel included, they are more engaged. The variety of perspectives mentioned above will also help employees be more engaged in meaningful conversations with colleagues, leading to increased productivity and even revenue.

Company Reputation

A commitment to diversity in the workplace will not only boost your reputation among employees and new hires, but also the community in which you work. As mentioned above, organizations with a diverse workforce keep employees on the roster and attract top talent. They are also seen as good, more human and socially responsible organizations. Plus, when you present a diverse workforce, you invite a variety of different people to relate to your product and your brand, opening doors to new markets, customers and business partners.

Wider Talent Pool

Employees are no longer looking for the typical 9-5 job with a decent salary and health benefits. The modern employee wants and expects more. And, in addition to the items mentioned before, employees want a place where they can grow, be challenged and make an impact. That’s why an organization that embraces diversity will attract a wider range of candidates who are looking for a progressive place to work. That said, companies that support diversity in the workplace also tend to attract the best talent. Actively seeking diversity in new hires is also beneficial. Take qualifications for example. When looking for candidates with a Master’s Degree only, you’re narrowing the pool and could be missing out on candidates whose experience makes them equally as qualified.

Diversity in the workplace is by no means a new concept – but HR and business leaders are paying attention to it now more than ever. Ready to get a pulse on how your employees are really feeling? Speakfully’s suite of documentation, reporting and support tools allow employees to speak safely and candidly about workplace experiences – including the organization’s approach to diversity and inclusion.

Want to see Speakfully in action? Click here to request a demo and find out how Speakfully could benefit everyone at your organization.

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