Why is diversity in the workplace so important? In this article, we will discuss the advantages of workplace diversity. But first, let's look at what exactly it means.
What Is a Diversified Workplace?
A diversified workplace means that a company employs a wide range of diverse individuals. This means the company's workforce includes people of varying gender, religion, cultural background, race, ethnicity, languages, abilities, education, etc. 3 Essential Qualities of Great Leaders to Navigate through Uncertain Times.
The benefits of a diversified workplace are immense. It improves productivity, employee retention and company culture. Here are some key advantages of diversity in the workplace.
Benefits of Diversity in the Workplace:
Productivity and diversity go hand in hand. Diversifying your team can boost productivity by 35 percent, research has found. Employees from different cultural backgrounds bring their own individual skills to the table. 4 Ways Start-Ups Can Improve Internal Communication for Better Productivity.
Diversity in the workplace brings creativity and innovation. People from different cultural backgrounds have different experiences and thus different prospectives which leads to higher creativity.
Faster Problem Solving
Organisations with higher workplace diversity solve problems faster. Research has found that diverse teams are able to solve issues faster than cognitively similar people.
Better Company Reputation
Diversity in the workplace boosts the company's reputation. Companies that are dedicated to promoting diversity in the workplace are seen as more socially responsible organisations. As people from different walks of life work in your company and your brand, it opens doors to new markets and customers.