The marketplace is dynamic and diverse. To keep up with it and remain profitable and successful, your work environment needs to possess those same qualities. Integrating employees from culturally diverse backgrounds empower your organization to progress alongside the market place. Unfortunately, many organizations aren’t aware of the benefits that come with a diverse workplace.
Three heads are better than one, but if all three have the same approach to problem solving are they really different? When diverse employees are hired, the workplace can continue to innovate and overcome obstacles faster because unique life experiences from each employee offer a different vantage point to the same problem. Having an inclusive workplace helps business avoid the cost of turnover and loss of productivity.
The first benefit of a diverse and inclusive workforce is lower turnover rates. According to the Center for American Progress, businesses that fail to foster inclusive workplaces see higher turnover rates than businesses that value a diverse workforce.