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Why is Diversity Important?

Why diversity is important?
13 Top reasons Why is Diversity and Inclusion important in Business and Society?

Diversity is evidently to have many benefits to a diverse workplace environment. However, working is not the only activity that we perform daily, we also have our social lives, our relationships in our community. In this article, we will learn:

  • Why diversity is important to our society?
  • Why is cultural diversity is important?
  • Why is diversity important in school?

There are many reasons why diversity is important, before you start, it would be helpful to understand what is diversity?

Opening up Productivity power

Cultural diversity is very popular in western countries such as the USA, Canada, Australia, New Zealand. New immigrants move into these countries every day and become part of the community. A diverse working environment welcomes hiring diversity, and logically when you are more open to more candidates regardless of their diversity, you have more choices. Diversity can be in many different diversity dimensions.

Every person is unique and the more someone is different than you, it is more likely their skills and knowledge will be different from you. An example would apply to the same careers too, a dentist who studied in Korea likely have a different experience than a dentist who studied in Cuba. Not only the knowledge is acquired and delivered differently, but the population of patients would also be different too.

With regulations aside, now, if a dental clinic is hiring for a new dentist in South Africa, and the clinic values diversity and inclusion. They now have two great dentists to choose from given the large pool. Mckinsey’s research shows a clear correlation between Gender & Ethic diversity to profitability.

The same example applies to an economist, data scientists, hairdressers, and many other professionals. The society is the summation of everyone, if society welcomes more diversity, it will have more variety and productivity.

Reduce Discriminations and Racism

When you experience or see more of something, it will become normal. Putting biology aside, and have an example. When you first see a polar bear in Africa, you may find it strange because it is out of your typical experience. However, once you see more polar bears in Africa you will start to believe it is normal.

The same ideas apply to discriminations. If you are introduced to or become more aware of a different culture, race, gender in a diverse environment or society. You tend to become less discriminating because of your new world experience. The citizen in the society

More Colorful life experience

Our world view changes the way we experience our lives, as we describe above. When you interact, socialize, and work with people from different experiences, you can hear and learn from people. Not many people are fortunate enough to be able to travel the world, or work as an ex-pat in many different counties. Alternatively, we can learn from people coming from different backgrounds.

Building a more balanced world

Extremists usually have extreme views because they do not have the opportunity to understand the other sides’ arguments. Having diversity and inclusion will improve the balances of opinions, views in any setting. A well-balanced world will accept different opinions and reduce fears towards differences.

Inviting more investments

As discussed in the benefits of diversity in the workplace, diversity can add different segments to a community. For example, gender diversity will bring in investment and innovation from different gender; cultural diversity will bring in ideas and traditional wisdom from other cultures; age diversity will bring in experience and problem-solving methods from people with different historical experiences. All these ideas will bring attract different investment because people in a diverse environment understand the needs better.

World Wide Vision, localized Experience

Once you have a team that share the generalized world view, but the additional ability to provide localized point of views, you will have the advantages of both worlds.

Improve Employee Satisfaction

A diverse and inclusive team not only gives the companies additional experience and point of views, but it also helps and improve the openness and tolerance of different cultural habits in the same work environment.

Smooth Recruitment

Diversity and Inclusion are becoming organization strategies nowadays. When talents search for a job, many consider the level of diversity and inclusion an important factor, especially for BIPOC talent. A diverse and inclusive company has many advantages over companies that do not advertise their diversity and inclusion policies.

Higher Customer Engagement

Happy employees, happy customers. Once you have the advantages to hire great talents, and with a diverse team with open world view, you have a great team to execute your strategy and serve your customers.

More creativities and ideas

Continuing on the previous point, ideas and innovation will come with diverse investments. According to UNESCO, women comprise 28.8 percent of the people employed in Research and Development. The global breakdown is quite interesting as it shows that the countries performing better in this regard are located in Central Asia, where women comprise 48.1 percent of the R&D workforce. North America and Western Europe occupy the fifth place with women making up 32.3 percent of the people engaged in R&D. Sub-Saharan Africa follows with 31.3 percent. In East Asia and the Pacific, only 23.4 percent of people conducting research are women, while in South and West Asia they encompass 18.5 percent of researchers. Gender diversity brings in diverse views and ways of solving problems.

Improved Reputation

In an inclusive environment, visible minorities, indigenous, disability people are welcomed to participate just like everybody else. The groups face challenges that are unique to them, and that also means they have observations that others can’t experience.

so really, Why is Diversity Important?

We talked about all the benefits and how diversity can impact our society. Let’s talk about how you are impacting others. Think of a time that you are left out and the awful feeling; on the flip side think about a time where you belong, the excitment that you have in a group?

The right to be able to enjoy the excitment that you have, no matter where you go or who you are with, is the reason we want a diverse and inclusive environment.

Your organization may need someone to champion this important work, a Chief Diversity Officer or leader is often assigned to lead such work. Sometimes, the Chief Diversity Officers will work with diversity consultants to improve the states and maturity of diversity in the workplace.

Why is Diversity Important Video

https://www.youtube.com/watch?v=NBPkh0aKO3Q

FAQ on Diversity importance

Why we want diversity?

Diversity can bring many benefits to society, the workplace, and communities. Example of the benefits are from [Why Diversity is Important?]:

  • Higher productivity
  • Higher creativity
  • Higher society satisfaction
  • Reduce discriminations
  • More economical power

Why is Diversity Important in the Workplace?

  1. Increase Marketshare in minority markets
  2. Improve Employee Engagement
  3. Improve Profit
  4. Enhance Reputation
  5. Increase Productivity
  6. Increase Customer Satisfactions
  7. Improve Diversity of Thinking and creativity
  8. Reduce Organization Risks to compliance
  9. Lead in minority markets
  10. Reduce and Avoid Employee Turnover
  11. Improve and Drive Innovation
  12. Reduce Hiring Time and make recruitment easier
  13. Improve diversity in society

What is diversity in simple words?

Diversity refers to the existence of variations of different characteristics in a group of people such as gender, age, culture, religions. More comprehensive diversity definition on Diversity Social.

How to improve Diversity & Inclusion in the workplace?

Diversity Social Diversity Consulting is one of the leading Diversity, Inclusion, and Social Sustainability management consulting firm to turn diversity into organization competitive advantages. Learn more at https://Diversity.Social

Best Videos on the Importance of Diversity and Inclusion in the workplace

Here is a selected curation of excellent Diversity and Inclusion videos.

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About the author

Brian Chan

Brian Chan is the Managing Diversity & Inclusion Advisor (Chief Diversity Officer) at Diversity.Social. Brian has years of experience working at Fortune 500 companies in diverse environments and building diverse teams in Asian, Europe, America, and Canada.

In the last 11 years, Brian has provided pro bono and part-time Diversity and Inclusion advisory to nonprofits and SMEs. Brian's passion is to help the small and underfunded organization to turn Diversity and Inclusion into their competitive advantages.

Brian believes that building diverse and inclusive working environments isn't a luxury for resourceful organizations only, it should be leveraged and start from grassroots.

Brian is also an expert change agent specializing in Digital, Data, Applied AI transformation and has years of experience establishing Analytics programs, including diversity analytics and connecting HR to business strategy.
Brian is a serial entrepreneur and has founded high technology ventures throughout his career.

Linkedin : Brian Chan

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