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Tip Tuesday: What is the Business Case for Diversity?

May 11, 2021

Diversity goes beyond social or moral responsibility. Highly inclusive companies are more likely to hit their financial target goals by up to 120%! The following are key factors that make diversity important to businesses:

  1. Diversity initiatives can improve the quality of your organization’s workforce and can be the catalyst for a better ROI in human capital.
  2. Diversity allows you to capitalize on new markets; customer bases are becoming even more diverse than the workforce.
  3. Recognized diversity initiatives and diversity results will attract the best and brightest employees to a company.
  4. Increased creativity is one by-product of capitalizing on differences.
  5. Flexibility ensures survival. Making adaptations required by diversity keeps an organization flexible and strengthens the ability to respond to changing environments.