square and circle illustration depicting diversity

Diversity: it is a word that you most definitely have heard floating around a lot lately. Many employees are vocalizing that diversity is important to them- in fact, according to Glassdoor, 57% of employees think their companies should be more diverse. This has bubbled up to companies and company leadership, who are beginning to realize the true importance of diversity.

There’s just one problem: companies know they should be focusing on diversity in the workplace, but are struggling to actually take any steps to implement diversity programs. SHRM found that 41% of managers say they are “too busy” to do so. 

But the reality is that workplaces are becoming more diverse than ever, and this has benefits that spill over to the entire organization. Companies need to take the initiative to make diversity training a priority in 2020 and beyond.

This means being proactive- not reactive- in planning to prepare for a more diverse workforce. It means structuring workflow and processes in the organization to enhance and encourage diverse points of view and perspectives. When an organization truly embraces diversity, it is demonstrated in every process and in how leaders in your organization approach decision making.

Why diversity training is important

It raises awareness of concepts related to diversity and inclusion. Successful diversity training enables employees to become more comfortable with concepts such as unconscious bias at work and cultural competency. When employees become more familiar with these concepts, they can begin to identify how these concepts show up in real-world situations. 

It makes space for diverse perspectives and drives collaboration and innovation in the workplace. Non-homogenous teams are smarter. Diverse teams have a distinct advantage over individuals when it comes to decision making, including bringing a broader perspective on the problem, identifying more options for solving it, reducing bias, and increasing accountability. 

It helps to develop inclusive thinking and actions. Fostering diversity in the workplace is not just about having a diverse workforce. It also requires effort towards building a more inclusive environment so that all people, especially those from underrepresented groups, feel comfortable and valued. Successful diversity training gets employees in the habit of thinking about inclusion and how they can take actions that make the workplace more inclusive for everyone.

It promotes workplace sensitivity. When employees are encouraged to understand the different perspectives and comfort levels of others, they are more likely to think about how their actions could unintentionally cause offense to others. This can go a long way towards preventing discrimination and harassment.

Don’t believe us? Here are the numbers.

  • Boston Consulting Group (BCG) found that companies that have more diverse management teams have 19% higher revenue. 
  • Josh Bersin research found that inclusive companies are 1.7 times more likely to be innovation leaders in their market.
  • Deloitte found thaat 83% of millennials are actively engaged when they believe the organization fosters an inclusive culture, compared to 60% of millennials are actively engaged when they believe the organization does not have an inclusive culture.
  • McKinsey & Company found companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians, and companies in the top quartile for gender diversity are 15% more likely to have financial returns above their respective national industry medians.

Here at Verb, we know that when an organization is dedicated to fostering and celebrating diversity and inclusion in the workplace, the whole team thrives. We’re dedicated to helping organizations truly incorporate diversity and inclusion into the organizational culture by offering an online platform for adult learners with bite-sized content that enforces retention and makes learning a habit. Our collection on inclusion and diversity helps employees learn practical strategies and techniques for building a lasting culture of inclusion. 

Want to learn more about how Verb can help you make diversity and inclusion part of the fabric of your company culture? Schedule a demo today.

Leave a Reply

Your email address will not be published. Required fields are marked *