Psychology@Work14 Juni 2020

S7E11 Diversity and inclusion: how strengths can help

Today’s podcast relates to diversity and inclusion, the strengths way – how you can help your people identify what makes them truly unique and then support them in bringing that uniqueness to work each day.

Diversity and Inclusion strategies are seen as a technical necessity in organisations focused on fulfilling their legal requirements and stakeholder expectations.

https://www.strengthscope.com/diversity-and-inclusion-how-strengths-can-help/

But this misses one of the greatest opportunities in people management today: discovering and encouraging the unique contribution that can be made by each and every employee that works for you.

Why should we be concerned about bringing more diversity into the workplace. A Boston Consulting Group study found that companies with more diverse management teams have 19% higher revenues as a result of being more innovative. An American Sociological Association study found that for every 1% rise in the rate of gender diversity and ethnic diversity in a workforce, there is a 3% and 9% rise in sales revenues, respectively.

According to most of the research on the topic of diversity, including the Boston Consulting Group work, this improvement in business performance due to increased diversity is largely attributed to an increased capacity for creativity and innovation, in itself resulting from the inclusion of a wider range of perspectives and sets of experiences, which is more possible in a more diverse workforce.

Thus, if you encourage greater diversity, you’re going to create more innovation, more capacity for creative thought and as a result, better decision making, from top to bottom.

Which sounds amazing in theory....

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