Diversity and inclusion efforts within organizations are up. But, so are incidents of perceived discrimination. The public trusts and expects corporations to drive social change.
According to our 2024 Course Trends Report, interest in Diversity courses on findcourses.com rose by 56%. Creating and promoting a company culture that respects and celebrates all employees must be a top priority for all employers.
Adding diversity and inclusion training in the workplace is but one piece of the DEI puzzle. Keep reading to learn more about how hiring managers can profoundly impact their team and organization’s performance.
Prioritizing DEI
Corporate diversity and inclusion efforts have increased in the past few years with organizations, public figures, and civic leaders urging to take action. The significance is extraordinarily clear-- diversity & inclusion training is no longer optional.
63% would choose to work at a company
that prioritizes Diversity, Equity, and Inclusiveness (DE&I)
over one that does not.
Source: EY "Belonging Barometer", September 2023
Individuals are clamoring for their equal right to opportunity. Female, black, of Asian or Latin descent, LGBTQ, older, millennial, purple-haired, or differently-abled-- they also want to bring their authentic selves to work. The corporate world is not merely taking notice. It is leading society’s equalization and inclusion efforts.
‘Doing Good’ is Good for Business
Diversity and inclusion efforts offer financial success and recession protection for organizations. McKinsey found that the greater the representation, the higher the likelihood of outperformance. When team members feel included, it impacts their ability to contribute. They more easily voice opinions, overperform, and work collaboratively-- all of which drive team performance.
Workplace authority Great Place to Work, even found that equity and inclusion predicted which companies would thrive or falter during a recession.
Diversity and inclusion increases team building and employee engagement. Diversity has long been the answer to successful employee engagement. When employees feel heard and valued, they are more engaged and satisfied.
Even job sites are reacting to the trend. Employer review site Glassdoor is now including a rating for worker satisfaction with DE&I at current or former companies. That's because DE&I is important to a majority of workers.
In their latest "Belonging Barometer", EY found that 63% of worker respondents would choose a company that prioritizes DE&I over one that does not. By the same token, 74% answered that their company’s prioritization of DE&I factors into their choice of where to work.
Gen Z and Millennials, in particular, are most concerned about DE&I in their workplace. They-- 73% of Gen Z respondents and 68% of Millennials-- would choose a company that prioritizes DE&I over one that does not, versus 53% of Gen X and 46% of baby boomers.
Companies looking to attract these up-and-coming generations can't afford to not prioritize DE&I.
Diversity drives strategic thinking and innovation in the workplace. Workplace diversity is not simply defined by an employee’s outward appearance. It's the comprehensive differences in people that make someone unique. This includes their thinking, beliefs, perspectives, values, and ways of problem-solving.
The more perspectives can be brought to the table, the more ways a problem can be analyzed or ideas created.
Microaggressions - What are They?
Microaggressions are the micro-invalidations of a person’s worth. The chipping away of their confidence and value. According to Business Insider, microaggressions are “indirect, often unintentional expressions of racism, sexism, ageism, or ableism. They are a form of racism that come out in seemingly innocuous comments by people who might be well-intentioned.”
To put it somewhat more simply, microaggressions are the usually small-- "throw away”-- comments of bias that have been taken for granted in society.
A microinvalidation can include mispronunciation of a person’s name. It may be surprising to you but miscommunicating a person’s name can be another form of unconscious bias. Whether the misstatement is intentional or not.
When repeated with frequency, the little “mistake” rises to the level of microaggression. Consider when individuals do not make the effort to properly learn, respond with quips, or make jokes (or even songs!). The receiver is immediately humiliated and invalidated.
The pain of microaggressions has a broad impact. Both the receiver and those overhearing the painful remark can become distressed. Left unchecked, unconscious bias in the workplace infects the working environment. Moreover, it inhibits the development of an inclusive culture.
Aren’t Diversity and Inclusion the Same Thing?
Diversity and inclusion are not interchangeable concepts. One without the other is not enough. Diversity is about the composition of an organization. Inclusion is about how the organization values and treats different types of people’s contributions.
According to Deloitte, organizations with inclusive cultures are:
2X better financially
3X more high-performing
6X more innovative and agile
8x better business outcomes
So, there you have it. Diversity is important to both individual and organizational success. One does not flourish at the expense of the other. A synergy exists.
Training for diversity and inclusion can help bolster your organizational culture framework. Intentionally hiring for diversity, sets up the conditions for your diverse hires to thrive.
So once you've conscientiously hired for a diverse team, how do you retain team members? Inclusive leadership is key here. Inclusiveness has a direct impact on team performance. Team members are 17% more “high performing” under the management of an inclusive leader.
To learn more about unconscious bias and inclusive leadership, read our article
The Other Half of D&I Initiatives: Inclusive Leadership Training
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