Are Companies Really Incorporating Diversity?

It’s become more and more common hearing the words cultural diversity being thrown around in the workplace. But why does it matter? The benefits can far outweigh any negative connotations that it might have. So let’s start by discussing what cultural diversity IS? It is when a population of differences is represented well within a company; this should include those of different races, ethnicities, ages, gender, ability, language, nationality, socioeconomic status. To be diverse, the group diversely represented by different groups. 

Why Does It Matter?

These diverse backgrounds can have various perspectives when it to the workplace, and their contribution allows situations to be viewed from more angles providing innovative results. For diversity to strengthen the company, it should be valued in the businesses philosophy and must integrate into every aspect of the companies practices. But for diversity to best work, all coworkers must be willing to be open-minded and non-judgmental. 

Commitment to Diversity

Without a firm commitment from all employees, this can cause a group to weaken and create poor communication between employees. When situations like this arise, it can result in hostile conditions where often, people can jump to conclusions and misinterpret others’ behaviors.

Economically Beneficial 

When everyone works together in a diverse company culture, this has also been found to increase financial gains and can even lead to more awareness for your company. Each year 50 companies are selected by DiversityInc that have the most diversity. Diversity helps to drive profitability by helping to drive marketing, operations, and innovation. It is said that being on a successful team drives team success. The critical foundation of managing diversity has teams that are all set on achieving a common goal, often seen more with growth-orientated companies. These companies understand that to thrive is to fully embrace diversity as a sort of “fuel” to help drive their companies forward. 

Legal Costs

Diversity helps to cut down on legal costs due to it being illegal for employers to discriminate on any cultural, racial, or gender differences due to the Equal Employment Opportunity, that handles all complaints about workplace discrimination.