what are the benefits of equality and diversity

The Business Benefits of Equality & Diversity

• Increased Productivity and Innovation. When the Boston Consulting Group looked at 1,700 companies, across eight countries, they discovered that diversity improves revenue!
• Better Problem-Solving and Decision-Making. ...
• Higher Profits. ...
• Higher Employee Engagement. ...

Full Answer

What are the benefits of equality and diversity in business?

The Business Benefits of Equality & Diversity 1 Increased Productivity and Innovation. When the Boston Consulting Group looked at 1,700 companies, across eight countries, they discovered that diversity improves revenue! 2 Better Problem-Solving and Decision-Making. ... 3 Higher Profits. ... 4 Higher Employee Engagement. ...

Do you have an equality and diversity policy in place?

In order to show that equality and diversity are at the core of your business plan it’s essential that you have an equality and diversity policy in place. Not only will this describe how you aim to encourage diversity in the workplace but it also demonstrates to your employees that you take it seriously.

What is diversity and why is diversity important?

1 Why is Diversity Important ? 2 Reduce Discriminations and Racism 3 More Colorful life experience 4 Building a more balanced world 5 Inviting more investments 6 World Wide Vision, localized Experience 7 Improve Employee Satisfaction 8 Smooth Recruitment 9 Higher Customer Engagement 10 More creativities and ideas 11 Improved Reputation

What are the benefits of a diverse workforce?

There are so many benefits to having a diverse workforce, including: You’ll be able to recruit the top talent if your job applications are open to everyone, and not just a select few people. Staff members will feel empowered that they’ve been hired based solely on their aptitude.

What are the benefits of equality and diversity in society?

Helps to reduce social and economic barriers • Helps people understand social norms • Is morally correct • Reflects the community we serve • Meets local needs • Helps to build a strong community • Supports and encourages social cohesion • Supports minority groups in achieving potential • Raises awareness-displaces ...

What are 3 benefits of diversity?

Here are 3 benefits to embracing diversity in the workplace.Diverse Teams Boost Creativity and Innovation.Workplace Diversity Creates Greater Opportunities for Professional Growth.Better Decision-Making.

What are the benefits of an equal and diverse workplace?

What Are The Benefits Of Equality And Diversity In The Workplace?Create more positive working relationships. ... Greater productivity within your team. ... Increased performance. ... Appeal to a wider range of customers. ... Brand reputation. ... Attract and retain the best quality employees.

What are the five benefits of diversity?

Five benefits of diversity in the workplaceBetter opportunities for creativity and problem-solving. ... Smarter decision-making. ... An increase in profits and productivity. ... Reduced rates of employee turnover. ... Improved reputation for your business.

What are the benefits of diversity in an IS workforce?

Benefits of workplace diversityIncreased productivity: A diverse workplace allows for more ideas and processes. ... Improved cultural awareness: A diverse range of cultures within the workplace allows companies to deal with the different nuances within a global marketplace.More items...

What are the benefits of diversity in a country?

So that as we interact with others we can build bridges to trust, respect, and understanding across cultures. Furthermore, this diversity makes our country a more interesting place to live in. As people from diverse cultures contribute language skills, new ways of thinking, new knowledge, and different experiences.

What are the benefits of equality in society?

Productivity – people who are treated fairly and have equal opportunity are better able to contribute socially and economically to the community, and to enhance growth and prosperity. Confidence – an equal and fair society is likely to be safer by reducing entrenched social and economic disadvantage.

What are the benefits of the equality Act?

The Equality Act 2010 replaces the existing anti- discrimination laws with a single Act. It simplifies the law, removing inconsistencies and making it easier for people to understand and comply with. It also strengthens the law in important ways to help tackle discrimination and inequality.

What are the benefits of equal opportunity?

5 Advantages of Equal Employment OpportunityPromotes Diversity. People of various backgrounds, ethnicities, races, genders, etc., make up an organization's workforce. ... Right Developmental Opportunities. ... Good Organizational Reputation. ... Elevated Employee Engagement. ... Provides a Vast Pool of Talents.

What are the benefits of diversity equity and inclusion?

Benefits of diversity and inclusion at workBigger talent pool. ... Increased employee engagement and trust. ... New perspectives and innovation. ... Better decision-making. ... Improved performance. ... Stronger business results and profits. ... Leadership involvement. ... Measurement.More items...•

How to improve diversity in a job?

Write down your opinions and impressions of applicants. Doing so helps you compare and collate ideas with others in the group, as well as question your own biases and the opinions of others. Improve everyone’s awareness of equality and diversity.

Why is productivity important?

Productivity is crucial to any organisation. When an organisation is made up of diverse employees, they are likely to see an increase in workplace productivity. A 2013 report by Deloitte concluded that when employees think their organisation is committed to and supportive of diversity their ability to innovate increases by 83%.

Why do businesses employ people from different cultures?

Employing people from different cultures may mean that your business benefits from diverse language skills, helping you to sell products and services and provide enhanced customer support. Employee turnover costs will be reduced if people feel comfortable, valued and happy in a workplace with an ethical culture.

How to make a team more productive?

1. Create more positive working relationships. A team with positive working relationships will be more productive, engaged and focused , it will also make work a nicer place to be for everyone.

Why is diversity important?

Diversity helps you to develop. Businesses can’t continue to grow if everyone within them thinks the same , acts the same and has the same interests. You can’t choose employees who all fit the same cookie cutter and expect the company to develop in the future.

What is equality and diversity training?

Our Equality & Diversity Training has been designed to help learners understand more about their responsibilities for promoting equality and diversity in the workplace. It aims to help you promote a fairer, more tolerant and more diverse working environment.

What is workplace diversity?

Workplace diversity means that your staff members can relate to every one of your customers. If you have a range of people with a range of opinions then it makes it much easier to target a wider range of clients. Diversity attracts workers.

How can Google improve gender diversity?

Search engine giant Google believes that the best way to improve gender diversity in the workplace is to start from the bottom, by employing more women in lower level jobs, rather than at the top and trying to employ women directly into management positions.

Why was the equality act introduced?

The Equality Act was introduced in the UK to eliminate unlawful discrimination, advance equal opportunities and promote good relations between people.

Do we deserve to work in an environment free from discrimination, harassment, victimisation and bullying?

It sounds obvious to state that we all deserve to work in an environment that’s free from discrimination, harassment, victimisation and bullying but, unfortunately, this isn’t always the reality once you start to delve behind the scenes of a business .

Is equality and diversity a topic?

Equality and diversity is a topic that’s relevant for all workplaces, regardless of whether you employ two people or two hundred people, and irrespective of whether you work in an office, a warehouse or on a shop floor.

What is the ILM Level 4 Award?

We have been running our Managing Equality and Diversity in an Organisation diversity qualification for over ten years.

What should I expect from a diversity qualification?

While the focus of many equality and diversity qualifications are similar, the level of trainer support and expert knowledge of diversity law and best management practice can vary widely. Our diversity qualification offers expert knowledge in the context of managing and progressing the diversity agenda.

What will an equality and diversity qualification teach me?

The course covers the key skills relevant to anyone involved in their organisation’s D&I strategy and performance, including being able to:

Who should complete our diversity qualification?

The course is well suited to anyone with a responsibility for equality, diversity and inclusion in organisational contexts, including:

Why should I take the course?

From identifying the next D&I steps for your organisation to running one-to-one coaching calls with an experienced diversity and inclusion consultant, the course offers a range of benefits to delegates.

Introduction

Many researchers highlight the importance of equality and diversity in the workplace (Shakhray 2009; Macdonald 2004). However, both concepts are more than a buzzword; they determine whether organisations would enjoy the benefits of creative thinking, or not (Macdonald 2004).

Benefits to Employers

Albeit indirectly, equality and diversity programs in the workplace are important to employees because they help to reassure them that they would not experience discrimination in the workplace (TJL 2014).

Benefits to Employers

Kumra and Manfredi (2012) say the benefits of equality and diversity programs in an organisation are equal for employers and employees alike. Employers stand to benefit from such programs by having a creative and dynamic employee pool.

Benefits to Organisations

Equality and diversity programs have diverse benefits. TJL (2014) says the greatest benefit to an organisation is the portrayal of a positive image. Indeed, companies that are perceived to be fair and diverse have a more positive image compared to companies that are authoritarian, or do not condone diversity in the workplace (Shakhray 2009).

Summary

Equality and diversity are important concepts in human resource management. They affect all aspects of organisational performance. Albeit part of modern business practice, equality and diversity are essential to organisational success. This paper shows that these practices are beneficial to employers, employees, and organisations alike.

What is diversity in HR?

The British HR firm, Croner, defines diversity in a work context as, “having employees from a variety of backgrounds” such as different countries, physical appearance, gender, and sexual orientation. But the technical use of ‘diversity’ actually comes from science: Simpson’s Diversity Index. According to the Barcelona Field Studies Centre ...

Why does creativity improve?

Creativity improves because there’s a melting pot of fresh, new ideas! People are then even less likely to leave the business (or leave as quickly) because they feel welcomed, no matter how different they are (remember: diversity of thought is important too!).

Is it good to have a policy of active equality, diversity, and engagement?

Embracing a policy of active equality, diversity, and engagement is not simply good for people who are minorities or diverse themselves. The very nature of employing people who see the world in a different way is also good for business.

How does diversity benefit the workplace?

For example, gender diversity will bring in investment and innovation from different gender; cultural diversity will bring in ideas and traditional wisdom from other cultures; age diversity will bring in experience and problem-solving methods from people with different historical experiences. All these ideas will bring attract different investment because people in a diverse environment understand the needs better.

Why do we need diversity?

The fact is that if you want to build teams or organizations capable of innovating, you need diversity. Diversity enhances creativity. It encourages the search for novel information and perspectives, leading to better decision making and problem solving.

What is diversity and inclusion?

The Diversity.Social Diversity and Inclusion Best Practice is to intentionally structure your companies based on your target customers. You can’t focus on your customers if you don’t understand how they think. Having a diversity of thinking allows your team to understand and design better customer experience, which leads to better customer satisfaction. Better customer services. A diverse and inclusive workforce can improve customer services. As a matter of fact, a diverse workforce will often mean diverse expertise, talent, experience and capabilities in the employees. If a manager understands the intricacies and complexity of how to manage diversity effectively, he will be able to put the right person into the correct position, by minimizing his weaknesses while enhancing the particular employee’s strength. From this perspective, a diverse workforce enables a manager to choose the correct candidate for a particular position in the organization. For example, someone with a cheering personality and has the ability to build rapport fast with customers can be sent to the customer services department.

What is a diverse workforce?

As a matter of fact, a diverse workforce will often mean diverse expertise, talent, experience and capabilities in the employees.

How does diversity and inclusion affect the world?

Having diversity and inclusion will improve the balance of opinions, views in any setting. A well-balanced world will accept different opinions and reduce fears towards differences. A well-balanced world can also improve the average cultural competency in the society.

What is a chief diversity officer?

Sometimes, the Chief Diversity Officers will work with diversity consultants to improve the states and maturity of diversity in the workplace.

Why is diversity important in a team?

A diverse and inclusive team not only gives the companies additional experience and point of views, but it also helps and improve the openness and tolerance of different cultural habits in the same work environment.

How does diversity affect civic engagement?

As part of the Century Foundation’s research study on diversity, the authors reviewed 27 different studies about the effects of diversity on people’s willingness to interact with and improve their local community—a concept known as civic engagement. The study found that experiences with diversity in college do lead to increased civic engagement. This indicates the more involved citizens are with their government and political landscape, and the more educated they become about government processes, the more informed decisions they can make about how they are governed. As the U.S. Department of Education notes, students’ experiences with diversity help mold them into more engaged citizens.

How does diversity in the classroom help students?

It has also enabled social scientists to study how diversity in the classroom leads to students’ increased cultural understanding, stronger critical thinking skills and enhanced creativity, which all better prepare them for adulthood. The National Education Association reports that 2014 was the first year in which the majority ...

How does diversity affect students?

The presence of diversity in the classroom allows students to consider perspectives and opinions beyond those they’ve already formed or were shaped in early life by family and friends. By presenting students with viewpoints far different from their own, it gives them the opportunity to think critically about their own beliefs and examine the world in fresh ways. As noted by an article in Scientific American, exposure to diversity alters the way individuals think by promoting creativity and innovation, as well as decision-making and problem-solving skills. As the article summarizes, “Diversity jolts us into cognitive action in ways that homogeneity simply does not.”

Why is cultural diversity important in the classroom?

For an educator, understanding cultural diversity in the classroom is a crucial part of being able to anticipate where certain lessons might lead, or any issues that might arise between students of different backgrounds. Educators can establish a tone of inclusion, emphasizing that all perspectives are valuable.

Why is it important to learn about your own culture?

Learning about one’s own culture is just as important as learning about others when it comes to developing cultural understanding among students. Educators with a strong teaching background such as an EdD can facilitate projects for their students that encourage them to get to know their own history.

Why was Brown vs Board of Education important?

The decision made it illegal to segregate public schools on the basis of race. That cornerstone decision of the civil rights movement has played a major role in breaking down racial barriers in the decades since. It has also enabled social scientists to study how diversity in the classroom leads to students’ increased cultural understanding, stronger critical thinking skills and enhanced creativity, which all better prepare them for adulthood.

What percentage of employers say diversity is important?

Companies are taking note of their employees’ ability to handle diversity with grace and maturity; 96 percent of major employers, according to the Century Foundation, say it is vital that employees are able to work with people from diverse backgrounds.

Surprising Equality and Diversity Statistics

Equality Act 2010 & Protected Characteristics

Improving Diversity in Your Workplace

Benefits of Diversity

• When building a diverse workforce you should look to hire people of different genders, ages and races etc. but it shouldn’t stop at physical characteristics. Your diverse workforce also needs to be diverse in the way that it thinks if a true variety of ideas and talents are to be brought to the table. There are so many benefits to having a diverse ...

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Case Studies

Developing An Equality and Diversity Policy