Creating an inclusive workplace goes beyond social etiquette and playing nice in the office. Richard Warr, a professor of finance at North Carolina State University contends there is a solid business case for how diversity positively impacts profit and growth.
The bottom line: Warr’s collaborative research on the performance of 3 000 publicly traded companies between 2001-2014 shows that a more diversified workforce correlates with increased innovation, resilience and growth.
McKinsey supports this notion not only through their much-cited research but also their own organizational practice. They contend that organizations with more diverse workforces perform financially better than those without.
Build a multitalented team
Creating high-performance teams starts in your hiring processes. McKinsey asserts that organizations with an emphasis on diversity attract higher caliber talent, which is the foundation for improving customer orientation, decision making, and competitive advantage. This in turn creates a cycle of increasing returns.
But as tech giant Google has shown in recent months, diversity and inclusion require due consideration and the right channels for expression.
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Provide a platform for inclusion
Ensuring that your employees have the right channels is essential to ensure that everyone feels safe to share their thoughts and opinions.
You're not going to retain your top talent if they don't feel valued, understood, and comfortable. Introducing frequent moments for feedback plays a crucial role in achieving an inclusive culture.
That's where we can help your organization achieve its engagement goals. Effectory's Pulse Surveys can help you with creating a culture of inclusion. Our survey tools provide clear insights and ideas from the feedback you capture, as well as how to utilize that feedback for proactive implementation.
Good to know: Effectory's Pulse Surveys are customizable and flexible tools that enable teams to choose the content, timing and duration of the survey. Organizations and teams have the opportunity to unpack certain themes and topics much more efficiently and quickly.