5 benefits of equality and diversity in the workplace, by Tate

22 Nov 2021 CategoryDiversity groups and employment Author Umain Recommends
Originally published here

When most of us think of diversity in the workplace, factors such as age, race, gender and cultural background spring to mind. But diversity and inclusion doesn’t just involve how we think about ourselves, it includes our interactions with others. If our teams are to work successfully together, effective diversity management needs to be implemented. 
To do this, organisations should promote equality and diversity through every pulsing vein of their business. Valuing diversity can have a big influence on everything from retaining star staff, creating a media-friendly brand identity, to opening up exciting new talent pools. Diversity in the workplace benefits all companies, in all sectors.
Here are 5 diversity in the workplace benefits… 

1. Equality and diversity add new skills to teams. People who come from different backgrounds can add new experiences, talent, and skills into your team — all of which improve company performance. A recent study by decision-making platform Cloverpop found a direct link between inclusive decision making and improved business performance. Teams that were geographically, gender as well as age diverse made better business decisions 87% of the time. Valuing diversity and employing people from different backgrounds with different perspectives can massively improve business output. 

2. Diversity in the workplace promotes innovation A 2013 report by Deloitte concluded that when employees think their organisation is committed to and supportive of diversity their ability to innovate increases by 83%. With a greater focus on diversity since then, this figure is likely to be even more substantial in 2018. It is evident that diversity in the workplace creates more innovative business outputs. By bouncing ideas off each other, a diverse team can generate more creative, innovative ideas. Skills diversity also comes into play here. Good diversity management is key to future business success.

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