Are Employees Searching For Diversity?
What is better for an employee? To work with people who think like him and have the same culture and background? Or with different and diversified calibers who can add to his experience and make the work exciting and unpredictable? Actually it is a quite difficult question.
In a 2016 Deloitte Millennial Survey, 47% of millennials are actively looking for diversity and inclusion when sizing up potential employers. Moreover, in the 2018 survey 74% of individuals believed their organization is more innovative when it has a culture of inclusion.*
Why Diversity in workplace?
As shown by figure 1 below, diversity leads to the sharing of different perspectives, higher innovation, faster problem solving, increased creativity, increased profits, improved hiring results, better company reputation, higher employee engagement, better decision making, and reduced employee turnover. A Boston Consulting Group study found that companies with more diverse management teams have 19% higher revenues due to innovation. A diverse workforce today is a valuable asset and a competitive agent. Diversity allows talents to pool together and thus results in greater results. New experiences, cultures and information is being exchanged and thus more chances of creativity and innovation exist. The key to achieving those benefits still remains within the hands of top managers and the board of directors to set values and develop a corporate culture that accepts, motivates and promotes individual talents.
Source: https://www.talentlyft.com/en/blog/article/244/top-10-benefits-of-diversity-in-the-workplace-infographic-included
*https://www.webershandwick.com/news/millennials-at-work-perspectives-on-diversity-inclusion/
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