Workplace diversity is much more than just a corporate buzzword. It is about celebrating the differences! In order to be profitable in a globalized marketplace, smart businesses are continuously making efforts to embrace it in every possible way, be it religious and political beliefs, gender, ethnicity, education, socioeconomic background, sexual orientation, geographic location or any other distinct differences between people. Organisations are leaving no stone unturned to create an inclusive environment, which accepts each individual's differences, embraces their strengths and provides opportunities for everyone to achieve their full potential.
Studies have indicated that a diverse workforce can bring in sale revenues fifteen times more than a workforce with lesser diversity. In order to succeed, your team should be as diverse as the audience you expect to have. Hence, if you dream of expanding your business locally or globally, you must have employees who understand and can cater to such varied global clients.
Here are just a few of the top benefits of workplace diversity in the modern business landscape:
People coming from different races and communities have different ideas and thought processes. Therefore, bringing together such diverse people under one roof would inspire innovation and creativity; it is true for all kinds of businesses, from start-ups to big industry players. Such different people can connect to a wider audience and cater to their demands with more intelligent solutions.
Opens up Global Opportunities
Having a diverse workforce can help an organisation position itself better in the foreign market. The chances of competing globally for any organisation increases multiple times if they have a team which is diverse, in terms of race, community and language. It equips the organisation with broader range of skills and proficiency that ultimately results in long-term business and profitability.
Enhances Engagement with Employees
A diverse workforce also encourages team cohesion and engagement. People from different backgrounds have a lot to share and learn from each other, which urges them to work together in more interesting ways. However, such diversity must also be respected and valued by the employers as it gives a sense of honour and satisfaction to the employees.Business success is heavily dependent on creating a strong relationship with customers. A team, which has a rich engagement, is more productive and enables stronger customer relationships, which translates into more profit for the business.
There are no two ways about the fact that organisations which comprise of a diverse workforce, have a clear competitive advantage. However, the big question is how to effectively, fairly, and objectively increase diversity at workplace?
Talent acquisition is one tool that can be used effectively to increase diversity in the workplace. At The Taplow Group, we believe that diversity at workplace begins with transformational leadership, because it is the leaders who adapt and connect with the entire workforce in order to maximize the benefits of diversity. We help our partner organisations to put a diverse leadership team in place in order to be successful at workplace diversity. Our global presence enables us to generate numerous synergies to offer a full international outreach to our partners.
To know more about The Taplow Group, visit us at www.TaplowGroup.com