In light of the recent advocacy for systemic change, the conversation around racism has grown more intense. In addition to the various issues embedded in our penal system, many other aspects of life are now being inspected for racist tendencies. One vital aspect of daily life that is to be explored is the workplace. Being that the workplace is where most American's spend the bulk of their weekly time, there is much to be examined about workplace diversity and inclusivity.

Despite the fact that honest conversations around racism, diversity, and inclusivity are oftentimes difficult to have, it is vital for industry leaders to spearhead these discussions, especially during a time of intense movements advocating for truth and justice. In efforts to push for change and build a workforce of diverse minds, industry leaders must recognize the benefits of inclusion and use it as a driving force during future talent recruitment.

Benefits of an inclusive culture

Employing talent from various ethnic backgrounds, gender identities, ages, sexual orientations, cultures and religions can bring plenty of benefits to an organization. A study from the Boston Consulting Group found that companies with a diverse team made 19% higher revenues compared to companies who didn't prioritize workplace diversity. Despite the obvious financial gain, a diverse organization also invites a variety of new perspectives, improves employee engagement and attracts a wider range of skill sets. With the use of the detailed advantages below, industry leaders can discern how vital diversity and inclusivity is to the success of a business.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.