Apart from the (obvious) financial benefits of hiring for diversity, there are other factors to take into account. We’ll mention a sample of the benefits that more diverse companies enjoy below.
1. It grows your talent pool
Organizations that embrace diversity hiring benefit from a larger talent pool than those who don’t. Their vacancies will gain interest from a wider range of candidates – because more people can relate to them – with different backgrounds.
2. It improves employee happiness, productivity & retention
Employees who feel that they’re accepted and appreciated for who they are – no matter what their gender, age or ethnic background – are happier. And happy staff is more productive and less likely to leave prematurely.
3. It improves innovation & creativity
When people from all walks of life come together, beautiful things happen. The combination of different experiences, working styles, and (cultural) backgrounds sparks new ideas and collaboration.
4. It’s positive for your employer brand
This seems obvious and is similar to why diversity hiring leads to a larger talent pool. If your brand is known for its diversity, it will appeal to many different customers, candidates and potential business partners.
5. It increases your workforce’s range of skills, talents & experiences
And as such, hiring for diversity will help you better understand your customers’ needs. The more diverse your workforce is, the greater the chances are that your employees will be able to cater to individual customer needs.
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