Coworkers discussing the importance of diversity and it succession pipeline

Reasons Diversity is Important for the Workplace

We live in a world that is constantly changing - where minorities are becoming majorities - and from 1998 to 2008 a growth of 41 percent of employees were non-white . Aside from laws encouraging diversity in the workforce, the benefits of diversity alone would interest any organization seeking profits and growth.


But why?

Better Business

Numbers don't lie and for organizations with high turnovers you may want to take a look at the demographics. Most HR studies show that organizations who hired diverse people typically retain their employees. That translates to more time spent on tasks rather than getting stuck in a cycle of replacement and training. For organizations with younger employees, diversity is typically valued and expected.

Better Quality

Diversity also produces new, innovative perspectives from people with varied cultures and backgrounds. This heterogeneity of perspectives is essential because most customers are from a spectrum of diverse groups - having employees who mirror and understand these customers enable better solutions and an expanded strategic perspective. In addition, having a larger group of applicants opens more possibilities of unique skills and ideas. It's a double win - hiring qualified, diverse employees helps the overall staff and the organization's growth.

Better Process

The world is changing - rapidly – and so must HR. Cross-cultural thinking and adaptability is key for success. The first step is for organizations to hire based off quality.

career transitioning

Corporate Alumni Network: The Perfect Home For Your Career Transition Offer

Download the eBook
Topic:

Related Posts

7_tips_for_creating_positive_virtual_company_culture

7 Tips for Creating Positive Virtual Company Culture

Create a Strong Virtual Company Culture 

Read more
how_to_start_a_mentoring_program:_9_simple_steps

How to Start a Mentoring Program: 9 Simple Steps

Read more
how_to_develop_high_potential_employees_with_virtual_mentoring

How to Develop High Potential Employees with Virtual Mentoring

How to Develop High Potentials with Virtual ...

Read more
6_steps_to_develop_an_employee_career_path_that_increases_retention

6 Steps to Develop an Employee Career Path that Increases Retention

Create Employee Career Paths that Increase Retention

Read more
how_to_create_a_women's_leadership_development_program

How to Create a Women's Leadership Development Program

Create a Women's Leadership Development Program Leadership development is crucial to the success ...

Read more

Subscribe to Our Blog

Explore our Career Development Resources

Share: