The ‘Why’ of Diversity, Equity and Inclusion (DEI)
There are many reasons why diversity, equity, and inclusion (DEI) are good for organisations. Here are a few benefits of prioritising DEI in the workplace:
Improved performance: Research has shown that diverse teams are more innovative and perform better than homogenous teams. This is because diverse teams bring a wider range of perspectives and experiences to problem-solving, leading to more creative and effective solutions.
Increased retention: When employees feel included and valued in the workplace, they are more likely to stay with the organisation. This can lead to reduced turnover and the associated costs, as well as increased loyalty and commitment to the organisation.
Greater attraction: Companies that prioritise DEI are often more attractive to top talent, as people want to work for organisations that value diversity and inclusion. This can lead to a more competitive advantage in attracting and retaining top talent.
Enhanced reputation: Companies that prioritise DEI often have a better reputation in the community and industry, which can lead to increased customer loyalty and business opportunities.
Overall, prioritising DEI in the workplace is good for organisations because it leads to improved performance, increased retention, greater attraction, and enhanced reputation. By investing in DEI, organisations can create a more positive and inclusive work culture that benefits everyone.
It's important to note that prioritising DEI isn't just a moral or ethical obligation - it's also good for business. By creating a diverse, inclusive, and welcoming work environment, organisations can tap into the full potential of their workforce and drive positive business outcomes. So, if you're not already prioritising DEIB in your organisation, now is the time to start!
