How to Reap Profits By Being a Diverse & Inclusive Organization

Work culture today consists of gender, attire, ethics, work process infrastructure, and workspaces.. Over the years, workforce diversity has expanded to age, gender, race, nationality, marital status, experience, network, colour, income, religion, geographic, professional skills and so on.

Diversity in the workplace is the practice or quality of employing a team from a range of different social and ethnic backgrounds and of different sexual orientations, ages, races, nationalities etc. in an organization. The benefits of having a diverse workforce are innumerable. As per a survey by “Give a Grad a Go”, 90% of respondents stated they’d be more inclined to work for a diverse company, and almost 30% of participants felt overlooked for roles due to discrimination.

An inclusive workplace in an organization refers to an environment consisting of elements like care, respect, liberty, belongingness, unity, justice, uniqueness, appreciation, right to speak and so on. In a post-pandemic world, the approach towards an inclusive work environment got modified to vbwith the entry of Hybrid Work Culture. Organizations are customizing their inclusive policy, keeping it in sync with the Hybrid Work Culture.

Accenture, Starbucks and Visa are some of the top companies who have placed Inclusivity at the workplace as their core policy and their diverse workforce stories, market reputation and growth speaks for their policy management. A number of organizations in the market have placed diversity, equity and Inclusiveness (DE&I) as their important policy across. the globe.

Why do we need a diverse & inclusive environment:

An organization’s culture is based on its values, beliefs and practices. An inclusive work environment creates a coaching work culture. It changes the approach of its employees and marketers towards the organization. It acts as a catalyst in the growth of the employees as well as the organization. It draws satisfied, confident, skilled, focused and happy employees who add to the productivity and reputation of the organization.

According to a study by Limeade, if employees are cared for, they are 4 times. less likely to suffer from stress and burnout, 7 times. more likely to feel included, 2 times. more likely to be engaged at work and 10 times more likely to recommend their company as a great place to work.

As stated in the Mckinsey research gender, ethnic, and cultural diversity, particularly within executive teams, continue to be correlated to financial performance across multiple countries worldwide

Companies report that materially improving the representation of diverse talent within their ranks, as well as effectively utilizing inclusion and diversity as an enabler of business impact, are particularly challenging goals. Despite this, multiple companies worldwide have succeeded in making sizable improvements to inclusion and diversity across their organizations, and they have been reaping tangible benefits for their efforts.

How to create this self-sustaining work culture:

Inclusive culture can be created by adopting it into core values, encouraging employees as equal participants, customizing workflow to adhere to social trends and the values, creating an ambience that is concurrent with Inclusiveness. Keeping regular checks about the practices related to the policy. Leaders need to create a listening culture, to ensure that every voice is heard irrespective of their age, gender, position, colour, race, nationality etc. They should work closely with the HR and manage complaints as data, creating dynamic solutions. This practice will create a feeling of belonging and respect among the employees.

(Author: Alisha Fernandes is an inquisitive learner & content writer at TechDoQuest)

--

--

--

TechDoQuest (TDQ) is a global software development company, focused on digital transformation and cloudification.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Engineering intern Annie Wang shared with us why she loves being a Dropbox intern — for the second…

Cloud Immigrant

11 Inspiring Quotes on Company Culture by Robert Kegan and Lisa Lahey

No matter where we work: Cat & Will talk about the perks, challenges, and unique energy of our…

Week 13 (26th October — 1st November)

MAJOR LIFE ANNOUNCEMENT

ATTENTION: MAJOR LIFE ANNOUNCEMENT

Power Women: Bina Patel of Transformational Paradigms On How To Successfully Navigate Work, Love…

3 Lessons I’ve Learned As A Social Media Director

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
TechDoQuest

TechDoQuest

TechDoQuest (TDQ) is a global software development company, focused on digital transformation and cloudification.

More from Medium

The Indecisive Candidate

Talent Acquisition vs. Recruitment

Towards an Inclusive Future

How HRs Can Save Us from the Great Resignation