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7 Compelling Reasons Why Workplace Diversity Fosters Efficiency

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Phani Madhav Chegu,

September 20, 2021

7 Compelling Reasons Why Workplace Diversity Fosters Efficiency

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Strength lies in differences, not in similarities – Stephen Covey, eminent author

In recent years, many companies across the world have been making active efforts to make their workforce more diverse. These organizations are recruiting people belonging to different races, religions, ethnicities, sexual orientations and physical abilities.

Why are the companies chanting the workplace diversity mantra? Is workplace diversity much more than just a fad? Does it result in tangible benefits for businesses? The answer – diversity in workforce does result in real financial gain for companies. Here are 7 reasons why.

1. Diversity Brings a Multitude of Perspectives to the Workplace

When you hire people with diverse backgrounds, you gain access to multiple perspectives. Each person is different and brings with him (or her) a unique ability to look through a problem. When the thoughts of different people come together, you can analyze an organizational problem better and find a solution to it more efficiently. More about diverse perspectives in a moment.

2. Differences in Thoughts Pave the Way for Enhanced Creativity

One of the biggest advantages of workplace diversity is you can get different ideas, and this will go a long way in fostering creativity. We all know when several people try to come up with a solution to a problem and exchange their thoughts freely, the problem is most likely to be solved. As I said earlier, each person is different and views an issue differently. A confluence of diverse ideas will lead to more new ideas, and the chances of finding a solution to the problem increase considerably.

3. Ability to Make Better Decisions Quickly

It is a proven fact companies with diverse workforces can make the right decisions faster than businesses where individuals from a similar background make decisions. Research by Cloverpop, a firm that helps organizations make proper decisions, shows when a team made up of people from different backgrounds is empowered to make decisions, it makes better decisions than individuals at least 87% of the time.

4. Employees Can Be Engaged More Effectively

We all know companies that engage their people with high efficacy are more productive compared to other business organizations. One of the key factors that has a direct impact on employee engagement is workplace diversity. A survey conducted by Deloitte showed companies that place strong emphasis on workplace diversity and inclusion are 80% more likely to believe they work in a high-performing organization compared to other organizations. The survey also showed employees of companies with highly diverse workforces are more committed to their organizations than people of firms with less workplace diversity.

5. Reduction in Employee Turnover Rates

A direct consequence of better people engagement is reduced employee turnover. Companies that foster diversity and inclusion at the workplace make their employees feel happy and valued, and the result is fewer people leave the organizations compared to other businesses. Organizations can create a loyal workforce by demonstrating their commitment to a diverse and inclusive work environment.

6. Reputation of the Organization Is Enhanced

Companies with a diverse workforce are perceived as good and socially-responsible business organizations, and this goes a long way in enhancing their reputation. Companies that demonstrate high levels of employee diversity find it easier to make their customers relate to their brands than organizations having employees with similar backgrounds.

7. Recruitment of Better Talent Is Possible

Organizations with diverse workforces are seen as better employers by job-seekers. A study by Glassdoor showed 67% of job-seekers consider workplace diversity as a key factor while evaluating job offers. Companies that are committed to creating a diverse workforce are able to hire talent of better quality than other businesses.

As you can see, a diverse workforce indeed is beneficial to a company. At Solunus, we are fully committed to the principles of diversity and inclusion. We provide employment opportunities to all, irrespective of their background and physical status. The performance of an employee is the only criterion that determines his growth at our organization. Find out more about why you must choose Solunus.

Hope you enjoyed this post. How do you ensure workplace diversity? We’d love to know.

About Solunus

Solunus is a dedicated Salesforce partner organization, headquartered in Dallas, Texas. Our unrelenting focus on comprehending the unique needs of our clients coupled with our unrivaled expertise of the Salesforce platform enables us to deliver the perfect solutions that create the best value for IT and business analytics firms.