Diversity to Inclusion: 9 Steps You Can Take to Unlock Your Company’s Competitive Edge (Pt. 1)
Diversity in the workplace is often described as a double-edged sword: it may pose a risk for conflict or give organizations an incredible competitive edge. The key to unlocking that competitive edge? Inclusion.
Diversity and inclusion (D&I) are more than just a box to check to boost a company’s social brand; it’s good business, for any business. Diverse teams are more creative, productive, and innovative, and are better at problem-solving and decision-making because of the variety of perspectives and experiences represented. By including individuals from diverse and intersectional backgrounds, companies can better understand their market, mitigate unconscious bias, and enhance marketing efforts, helping them win in an increasingly diverse, global, and socially conscious marketplace. And here’s the icing on the cake — D&I also enables companies to:
- Attract the best talent;
- Improve employee satisfaction and retention rates;
- Boost and improve leadership effectiveness; and
- Have more organizational flexibility.
With all that said, it’s no surprise that diverse companies are 35% more likely to financially outperform the market — if properly managed through a…
