In light of the recent advocacy for systemic change, the conversation around racism has grown more intense. In addition to the various issues embedded in our penal system, many other aspects of life are now being inspected for racist tendencies. One vital aspect of daily life that is to be explored is the workplace. Being that the workplace is where most American's spend the bulk of their weekly time, there is much to be examined about workplace diversity and inclusivity.

Despite the fact that honest conversations around racism, diversity, and inclusivity are oftentimes difficult to have, it is vital for industry leaders to spearhead these discussions, especially during a time of intense movements advocating for truth and justice. In efforts to push for change and build a workforce of diverse minds, industry leaders must recognize the benefits of inclusion and use it as a driving force during future talent recruitment.

Benefits of an inclusive culture

Employing talent from various ethnic backgrounds, gender identities, ages, sexual orientations, cultures and religions can bring plenty of benefits to an organization. A study from the Boston Consulting Group found that companies with a diverse team made 19% higher revenues compared to companies who didn't prioritize workplace diversity. Despite the obvious financial gain, a diverse organization also invites a variety of new perspectives, improves employee engagement and attracts a wider range of skill sets. With the use of the detailed advantages below, industry leaders can discern how vital diversity and inclusivity is to the success of a business.

Invites new perspectives

It should come as no surprise that hiring fresh talent can bring about positive change to workplace production. However, employing individuals from diverse backgrounds can also help in inviting new perspectives and knowledge of diverse markets.

By recruiting individuals with special talents and contrasting lived experiences, you open your organization up to untapped knowledge regarding aspects of the business that perhaps haven't been explored. For example, a candidate could possess a deep understanding of different markets that your organization can appeal to, knowledge of unique angles to market your business from or even know of fortuitous business avenues that haven't yet been examined.

Improves employee engagement

Oftentimes, it is not enough to simply hire new talent with fresh perspectives and hope for the best. As a business owner, it is also important to actively pursue and create a collaborative atmosphere where employees feel valued and important.