The Importance of Diversity and Inclusion in The Workplace
With all that’s going on in our world today, it is imperative to address the importance of the use of diversity and inclusion in the professional workplace to create a comfortable environment for all employees.
Diversity in the workplace is essentially analyzing the inclusion of quality diverse or different cultures, as opposed to monoculture, the global monoculture, or a homogenization of cultures, akin to cultural decay. Though this may sound like an obvious staffing regime, statistics show that the average demographic represented in the workplace is 60% male, 83% Caucasian, 7% African American, 5.9% Asian and 10.3% Latino, according to Grey Litaker and Rick Bell. Many companies and larger corporations would receive copious amounts of backlash if their employee demographic was leaked to the public with these kinds of numbers.
Incorporating diversity in your company’s team has many benefits to performance. McKinsey and Company have proven through statistics that racially diverse companies are 35% more likely to outperform their competitors. Diverse companies are also 70% more likely to capture new markets, leading to more business and more profit. A diverse team is 87% more efficient at decision making, this is crucial in an effective team environment.
With the enforcement of Diversity in the workplace, Inclusion is equally as important. Inclusion essentially works toward building a strong sense of connection, belonging and an engaging culture. Many organizations figure out diversity aspects of hiring but have not yet realized the importance of inclusion. Inclusive environments include educating staff and leaders, listening and communicating effectively and embracing your employees’ full authentic self. After inclusive efforts are made by employers, their employees will feel freer to use their voice, participate in decision making group processes, an increase in the amount of power they have in a group and feel a greater sense of belonging.
Diversity and Inclusion efforts are as important as background checks and interview processes. If your company would not feel comfortable releasing your staff demographic, then a reevaluation is in order. Diverse Talent’s affiliation Colorado REACH Conference offers diversity and inclusion training sessions to help executives and team members educate themselves on important aspects of creating an inclusive, safe, and efficient environment for you and your peers. Learn more at coreachconf.com.