WHY IS DIVERSITY, EQUITY AND INCLUSION IMPORTANT?
October 2022
Diversity, equity, and inclusion are important cultural traits for a number of reasons:
It improves decision making: A diverse workforce brings a range of perspectives and experiences to the table, which leads to better decision making and problem solving.
It increases creativity and innovation: A diverse workforce encourages new ideas and new ways of thinking, which can lead to increased creativity and innovation.
It provides a greater understanding and respect for differences: A more inclusive workplace promotes greater understanding and respect for differences among employees, which can lead to a more positive and productive work environment.
It increases competitiveness: Companies that are able to attract and retain a diverse workforce are often more competitive in the marketplace.
It bridges legal and moral obligations: There are legal and moral obligations to provide equal opportunities and to prevent discrimination in the workplace.
Financial benefits: Companies that have a diverse and inclusive workforce tend to have higher financial performance compared to those that lack diversity and inclusion.
It provides better representation: A diverse and inclusive workforce better represents the society and the customers, and is able to cater to the needs of a diverse customer base.
It helps to improve office society: By promoting diversity, equity and inclusion, organizations can play a role in improving the society and creating a more equitable and just world.
It's important to note that diversity, equity and inclusion are not only important for the organization but also for the society as a whole. Additionally, a lack of diversity, equity and inclusion can lead to issues such as low employee morale, high turnover rates, and legal disputes.