IMPORTANCE OF

DIVERSITY IN
BUSINESS
WHAT IS DIVERSITY?

It means understanding that each

individual is unique, and recognizing our
individual differences.
WHAT IS WORKPLACE
DIVERSITY

Workplace diversity is a term used for

creating an inclusive work
environment.
10 BENEFITS OF WORKPLACE
DIVERSITY
 10 BENEFITS OF WORKPLACE DIVERSITY
#1: Variety of different perspectives

 means that employees will have different

characteristics and backgrounds

#2: Increased creativity

 Diversity in the workplace leads to increased

creativity.

#3: Higher innovation

 In a diverse workplace, employees are

exposed to multiple perspectives and
worldviews.
#4: Faster problem-solving

 Due to diversity, different people can

propose and bring different solution to
the table

#5: Better decision making

 leads to more informed and improved

decision-making process and results.

#6: Increased profits

 Companies with diverse workforce make better

decisions faster, which gives them a serious
advantage over their competitors.
#7: Higher employee engagement

 when employees feel included, they

are more engaged.

#8: Reduced employee turnover

 Workplace diversity is beneficial for

employee retention.

#9: Better company reputation

 Workplace diversity boosts the

company’s reputation and brand.
#10: Improved hiring results
Workplace diversity leads to
better hiring results.
•Companies in the top quartile for racial and ethnic diversity are 35
percent more likely to have financial returns above their respective
national industry medians.

•Companies in the top quartile for gender diversity are 15

percent more likely to have financial returns above their respective
national medians.

•In the U.S., there is a linear relationship between diversity and better
financial performance.

•The unequal performance of companies in the same industry and

same country implies that diversity is a competitive
differentiator shifting market share toward more diverse companies.
"Diversity and inclusion are critical and strategic to business success,"
urges Stan Kimer, president of Total Engagement Consulting. "The
interconnected global business environment is increasingly diverse." He
believes that to win the marketplace, companies must be strategic
about leveraging diversity as a business advantage

"The benefits are inarguable," agrees Kimberly Barnes, founder

of ContentPark. Using her company as a practical example, she goes on
to explain, "We are creating content that will be read by all types of
people. And in order to do that well, we must bring cognitive diversity
— meaning diversity in the way we approach life and business."
WAYS TO BUILD DIVERSITY IN
THE WORKPLACE
 1.

2.
6.

5. 3.

4.
WAYS TO MANAGE DIVERSITY IN
THE WORKPLACE

1. Create diversity friendly policies

2. Reassess employee benefits

3. Provide diversity training

WAYS TO MANAGE DIVERSITY IN
THE WORKPLACE

4. Establish diverse mentorships

5. Build diverse teams

6. Measure your efforts

TO SUPPORTING DIVERSITY IN
YOUR BUSINESS
  ENCOURAGE STAFF TO SHARE
IDEAS
 ORGANIZE TEAM BUILDING
EXERCISES
 CREATE AN OPEN AND
HONSET CULTURE
 KEEP AN OPEN MIND
WHEN HIRING
Research Presentation End