This Business News Story Was Uncovered By Us From: https://blog.eonetwork.org/2020/07/3-ways-to-increase-diversity-and-inclusion-in-your-workplace-starting-today/
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No one can dispute the inherent benefits of diversity in the workplace. A diverse and inclusive organization amplifies the number of potential hires—which means access to the most talented candidates. A variety of backgrounds in your business means a variety of perspectives—which leads to unique innovations.
Plus, a culture of inclusion translates into a happier, more productive workforce. Indeed, studies show greater diversity yields greater profits. McKinsey research shows that “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.
McKinsey studies have also shown that companies with diverse leadership outperform their peers. “For companies ranking in the top quartile of executive-board diversity, returns on equity (ROEs) were 53 percent higher, on average, than they were for those in the bottom quartile … earnings before interest and taxes (EBIT) margins at the most diverse companies were 14 percent higher, on average, than those of the least diverse companies.”
How to Build Diversity in Your Organization
Despite these tangible benefits, some employers struggle to maintain a staff made up of people with diverse education, races, ethnicities, sexual orientations, ages and religions.
We asked members of the Entrepreneurs’ Organization to share best practices for promoting and maintaining diversity and inclusion. Here’s what we learned:
1. WALK… Read More
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