Companies are losing diverse talent at one unrealized inflection point

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Diversity, equity, and inclusion within the workplace are undeniably important in today’s competitive job market. But it’s not just about keywords for reputation building and checking off diversity boxes — workplaces with a diversified employee workforce capitalize on a multitude of benefits, from increased creativity and innovation to boosted employee performance and productivity, to improved decision-making. As an added incentive, businesses with diversified teams are more likely to financially outperform their peers.

Having a diverse workforce is more impactful when those in leadership and critical roles reflect that diversity. Diverse representation brings multiple perspectives and ways of understanding to the table that can be very helpful, if not necessary, for decision-making. It also fosters a growth mindset and an open learning environment, both necessary for building stronger relationships with employees, clients, and potential clients. Tangentially, employee morale, trust, and sense of safety increase in parallel as corporate leadership diversifies.