Diversity is not just a buzzword that we throw around. Instead, a diverse workplace is a concept that helps companies to become more productive. It helps foster creativity, new ways of thinking and genuine business growth.
A diverse workplace promotes a myriad of benefits, including:
1. A stronger team
A team of people from diverse backgrounds can offer a variety of different skills, talents and experiences. This is beneficial for two reasons. Firstly, you’ll be able to apply people with the appropriate skills to fit the different roles within your company. Secondly, you promote learning among employees, as they share and coach each other in their strongest skills.
2. Innovative thinking
Your company can’t thrive and grow if everybody who works there thinks in the same way. But, by introducing people from different racial, educational and social backgrounds and from a diverse age range, you’ll foster an environment of creativity and innovation.
The reason behind it is simple. When people with different working styles and backgrounds work together, they produce better work. They throw ideas around and give each other feedback until they come up with new creative concepts. According to EthnoConnect, a company that specialises in workplace diversity, employees that come from different backgrounds bring in a variety of solutions when challenged with how to meet a common goal. Put simply, the more diverse ideas that are suggested, the higher the chances are of finding a suitable, workable solution.
3. Open doors
A huge benefit of employing a diverse workforce is the access to a wealth of languages within your team. For national companies, representing several nationalities within your company is beneficial for your reputation (which we’ll discuss later in point 5). For international companies, or for national companies who are looking to expand their business abroad, the benefits go much further.
Language barriers and cultural differences can pose a challenge for businesses looking to go global. However, when your team includes people who speak other languages and are from different cultures, it becomes easier to overcome these obstacles. Businesses are able to expand their client base and work globally. Also, an increased understanding of other cultures makes it easier to enter markets in those countries. This then positively impacts company sales in those locations.
4. Increased productivity
Each employee brings their own strengths to the table. This means that they can take on the tasks they’re best suited for and complete them more efficiently. But, the presence of a multitude of skills, experiences and abilities also helps team members to learn from one another to improve on their own skills. This promotes a healthy company culture of learning from one another.
Diversity in the workplace can also boost employee morale. This is because obstacles are overcome quicker when employees work together towards a common goal using different sets of skills.
What’s more, employees are more likely to feel happy when they work with an inclusive company. Creating a company culture that encompasses equality will encourage all employees to feel more confident in their skills and abilities. As such, they will be more engaged, loyal and productive.
5. Better reputation
Although we shouldn’t pursue diversity and equality for the sole benefit of improving the reputation of our companies, it is another reason why promoting diversity is beneficial to a company’s overall performance.
Companies that do not practice any kind of employee discrimination attract the best talent. At the end of the day, people want to know that they will be treated fairly in their job, regardless of their gender, race or ethnicity. By being inclusive and diverse, a company is likely to attract new top talent and more likely to retain existing talent, thanks to their high employee morale.
Have you experienced any other benefits of running or working in a diverse workplace? Let us know in the comments below!