What better way to learn about other culture and ethnicity than from colleagues that come from a different background than your own? This is great because it increases employee engagement and at times increase employee motivation as well, which is great for the company. Please rate this article. Do you know that a diverse company can lead to greater productivity? Even when co-workers find themselves in an uncomfortable situation at work because of a diverse environment, the very nature of having different perspectives available offsets the declines in productivity experienced. In San Francisco, over 50% of the families who are looking for a nanny want to hire someone who is fluent in a language other than their own – and that doesn’t always mean it is Spanish. Teams and companies that make diversity a priority offer a variety of ideas, perspectives and … Studies also show that job seekers are often drawn to companies with diverse workforces because it is publicly obvious that these companies do not practice employment discrimination. , Erwin Z, Comment Closed, March 10, 2016 In this Forbes article, the writers points out “Research on creativity and innovation has been consistent in showing the value of exposing individuals to experiences with multiple perspectives and world views. Forget about researching them online. That means assignments can be handed out with greater specificity so that the quality of the work improves. 1. Sign up to receive employee engagement and company culture articles by email. The economic value of cultural diversity: evidence from US cities, How We Encourage Diversity and Equality in Our Content Marketing, How the UK Workforce Would Look as 100 People, 5 Ways to Support Your New Mentor Program, How To Create An Employee On-boarding Checklist, How to Get the Most Benefit from Your Employee Opinion Survey. When companies hire a more diverse workforce from all backgrounds, these employees inevitably bring their own specific skills, that can be often just as diverse. The more candidates that applied for a job with a company, the company would generally enjoy a larger pool of candidates; the company is than spoilt for choice. Diversity in society allows for richness and variety, boosting innovation which leads to economic growth, improving access to jobs, producing culturally vibrant and varied communities and preventing stagnation. And the business case for diversity includes these perspective … Solutions based on different experiences and schools of thought. 48 per cent of companies in the US with more diversity at senior management level improved their market share. This sense of self-knowledge is sharpened with exposure and close contact with others whose life experiences are on the opposite spectrum. When companies recruit from a diverse set of potential employees, they are more likely to hire the best of the best for the industry. Increased productivity because each employee has a unique quality to offer at work. Let’s discuss eight amazing benefits to individuals and employing companies; Before we dive in to the main benefits though, what exactly do we mean when we say diversity? The concept of cultural diversity has a very wide scope and is being practiced by people and organizations all over the world. When an organization comprises of people with diverse backgrounds, cultures and experiences, new creative and innovative ideas prop up in the minds of different people. When you can speak multiple languages, then your value as an employee increases exponentially with each new language that you learn. There is an enhancement of productivity of the workers and profitability for the organization. Diversity in cultures means diversity in skills and therefore products and service offerings. Apart from these humanistic values, cultural diversity also brings some tangible benefits to the businesses all over the world. Higher-educated candidates who experienced diversity while at university may feel that a diverse company is more progressive and therefore will want to work there. Cultural diversity is important because it helps in country development, since the great amount of ethnic, social, traditional and regional resources increases the attraction of entrepreneurs, tourists and nations that see in them strong economic and commercial possibilities. You have successfully subscribed to our newsletter. Thus, they are able to bring fresh ideas to the project by thinking out of their comfort zone. Why Cultural Diversity In The Workplace Is A Win-Win. We can learn from one another, but first we must have a level of understanding about each other in order to facilitate collaboration and cooperation. Support and positive relationships are key aspects to making a child feel more secure with their differences and are more accepting of their surroundings and others. Another benefit of cultural diversity in the workplace is the increase in creativity among teams, and the ability to have a more diverse set of solutions to specific problems. 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