As the spotlight has brightened on racism in response to recent miscarriages of justice, the emphasis on identifying racism within other aspects of life has also grown. As business leaders, it is vital to stand with the advocacy for change. Although oftentimes difficult, encouraging honest discussions around diversity and inclusivity in the workplace is crucial.
For many, this conversation is not new. Dated ideologies and racist operations have influenced hiring practices regularly. Those out-of-date paradigms have also permitted a single race and gender to employ higher positions for decades. According to Fortune, high-ranking officials within 16 of the Fortune 500 companies are 80% men, and 72% of those men are white. In order to break this flawed mold and implement diversity, much work has to be done by industry leaders.
The Advantages of Promoting Diversity and Inclusivity
Fostering a diverse and inclusive organization has many benefits such as increased profit, impressive talent acquisition, as well as the strengthening of employee bonds. Yet, conversations surrounding diversity and inclusivity can be difficult. However, this is the opportune time for leaders to disrupt archaic norms. And it is the perfect time to implement hiring practices that seek out brilliant talent from every background.
So, what can business owners and leaders do to promote diversity and maintain an inclusive culture? With these advantages below, leaders across any industry can recognize the essential nature of diversity and inclusivity in the workplace.
1. Financial Gain
From a business standpoint, racial diversity in the workplace isn’t merely a perk. In fact, diversity is a necessity for competitiveness in corporate America. Not only do inclusive teams make better business decisions up to 87% of the time, but many consumers actively seek out organizations with diverse decision-makers. Additionally, these brands can also build stronger audience connections.
Further, it is no secret that marketing a business can be difficult. However, inclusive marketing can be a different beast altogether. Within marketing, there is a heavy lack of cultural intelligence from brands, and this void can result in minimized profits as some audiences won’t purchase from you due to a lack of acknowledgment. Campaigns without cultural intelligence run the risk of coming off as tone-deaf or insensitive. They perhaps then result in public outcry, concluding in a company apology with a promise to “do better.”
By investing in employees with different perspectives, lived experiences, and understandings of diverse markets, you can promote your business from several unique standpoints and gain a competitive edge. This allows a separation from competitors, and perhaps engagement from consumers outside of initial target audiences. Subsequently, you can net greater profits, while exhibiting your care for people of different races, genders, ages, sexualities, and identities.
2. Expanded Talent Pool
For most leaders in the highly competitive business world, acquiring the best talent is priority. Exclusively employing talent of a particular ethnicity, age, or gender minimizes the talent pool you can choose from. With that said, having an organization run by one race or gender can only reflect narrow perspectives. That scenario, perhaps inadvertently, also demonstrates to the public that you don’t recognize a necessity for diverse opinions.
Hiring with cultural diversity in mind — which encapsulates race, culture, age, religion, sexuality, and gender identity — expands your talent pool. This expansion permits your organization to solely focus on what candidates can bring to the table such as: skill sets, experience, and creativity. By eradicating those subconsciously biased candidate limitations, you can prioritize and encourage mind-expansion and exploration for your company. This can equate to bigger, brighter innovations that may not have been otherwise explored. This eradication also improves your brand’s attractiveness and invites new consumers.
As your organization flourishes due to new minds with intersectional inputs, your brand has the opportunity to convey a modern attractiveness that invites more talent acquisition, fortuitous business opportunities and more financially prosperous avenues.
3. Better Engagement and Satisfaction
As one can probably imagine, being a “token” person of color in the workplace isn’t fun. When employees work amongst others who look like them or share lived experiences, a workplace confidence is bred, thus inspiring collaboration, innovation and creativity to take place.
Employees need their ideas, opinions and perspectives to matter. Likewise, employees want to work for a company that entrusts people like them who also actively advocate for positive change. When employees feel respected and valued, especially if they may have endured ridicule in the past, aspects of work like productivity, engagement, and overall satisfaction within the workplace is improved.
This is vital because boosts in company morale and workplace culture only benefit your organization. Happy employees equate to enhanced production, which equates to higher brand attractiveness and in turn, increased company profits.
Maintaining an Understanding Organization and Prioritizing Inclusion
In efforts to promote diversity and inclusivity in the workplace, below are a few strategies to help start off the process of consistently seeking to be more understanding and inclusive
Take an Honest Internal Look
How do you assess the current state of diversity within your organization? Analyze how many people of color you currently employ, as well as previously hired and sought out for recruitment. This can provide insight on the level of (or lack of) diversity. This data can also show any discriminatory biases that occur within your company, unknowingly or otherwise.
Consistently Educate Yourself and Your Staff
There are many misconceptions around what discrimination looks like. So it is important to outline what words and behaviors are unacceptable at work. Teach your staff about micro-aggressions and what discrimination may look like to people of various, intersecting backgrounds. In addition to this, be sure to emphasize the impacts of discrimination, big or small, and stress a no-tolerance policy.
Promote an Open Dialogue
In efforts to grasp difficult topics, learn from each other and get to know each other on a personal level. Encourage employees to unpack biases and/or racist tendencies. Emphasize how harmful it is to act on those beliefs. During these discussions, tread lightly. After all, you don’t want to offend employees, Nor do you want to force someone to discuss personal adversity.
As industry leaders, this is your chance to spearhead positive change by implementing diversity and inclusivity in the workplace. It is important to note that no one has all the “right” answers respective to ending discrimination in the workplace. No one can tell you exactly how to eradicate biases. Nonetheless, these issues are serious. And organizations must diligently protect those at risk of enduring injustices.
Overall, focus on harmonizing the workplace by creating a safe and welcoming environment for everyone — irrespective of race, gender, age, sexuality, disability, identity, and/or religion.