Diversity involves employee differences in race, ethnicity, gender, physical ability, age, sexual orientation, religion, education, and socioeconomic status. Equity involves providing employees with equal access to resources and opportunities for success. Inclusion involves recognizing, appreciating, and using all employees’ skills and abilities. These elements are essential to your organization’s success.
Bentley University and Gallup’s recent Force for Good Survey found that 84% of respondents ages 18-29 believed that it is important for companies to promote diversity, equity, and inclusion (DEI). Millennials and Gen Z, who make up approximately half the workforce, expect companies to address social inequalities in the workplace. Therefore, these employees look for DEI within an organization when deciding where to apply for jobs.
Companies that prioritize DEI experience stronger employee engagement, performance, and productivity than companies that do not prioritize DEI. They also have higher rates of job satisfaction, employee morale, and retention.
As a result, your organization should prioritize DEI. These tips can help.
Discover the importance that DEI can play in your organization.
Expanded Talent Pool
Emphasizing DEI makes your organization attractive to a wider demographic of job seekers. This provides you with access to a range of skills and abilities.
Stronger differences in your workforce enhance decision-making, innovation, and your employer brand. They also increase employee attraction and retention.
Greater Sense of Belonging
Companies with strong DEI have high employee morale. The employees feel like they are valued, respected members of the organization because of who they are. This increases employee engagement, productivity, and loyalty.
Inclusive organizations promote a sense of community. Employees feel comfortable collaborating to reach common goals.
Reduced Employee Burnout
The American Psychological Association’s 2021 Work and Well-Being Survey found that 79% of respondents had experienced work-related stress in the month before the survey. Also, 60% said that stress had negative impacts on them.
Some respondents reported a lack of interest, motivation, energy, or effort at work. Others experienced cognitive weariness, emotional exhaustion, or physical fatigue.
Fortunately, an inclusive organization reduces the odds of employees experiencing burnout. For instance, managers in these organizations give credit for employee contributions and results. They also include all of their employees in conversations about how they are feeling. This equitable treatment promotes a safe space to share stressors and find support.
Stronger Bottom Line
Prioritizing DEI helps meet or exceed company goals. For instance, ethnically diverse executive teams contribute a wide range of thoughts, experiences, and perspectives. This results in innovative thinking and decision-making. Also, diverse teams can effectively identify opportunities and explore new markets because they are aware of different options. Additionally, diverse teams are resourceful and able to drive organizational growth.
Do You Need Help Increasing DEI in Your Organization?
Partner with Staffing Texas to increase DEI in your organization. Reach out today!
