Diversity & Inclusion: 5 Lessons from Top Global Companies
The concept of cognitive diversity focuses on diversity of thinking and is composed of four dimensions:
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There is a significant relationship between competitive profit gains and diversity.
Companies with gender, ethnic and racial diversity are at least 15 percent more likely to experience above-average financial returns.
Recognize the Connection Between Innovation and D&I. Diversity and inclusion increase innovation and reduce business risk.
SIMILAR ARTICLES & IDEAS:
Take a moment to consider if your employees and team members are coming to you with new ideas and innovations.
To create a sense of security where employees will feel safe to share their i...
Companies with increased growth are 72% more likely to have high diversity in their organization.
Use Learning & Development (L&D) training to raise awareness about the current state of diversity and inclusion in your work environment.
Up to 70% of trainees forget what they learn within 24 hours after training. However, it does not have to be the case for your employees.
An effective leader will implement and integrate an agile training infrastructure into their daily operations that can change quickly to keep up with the pace of innovation.
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Diverse Companies with a wide range of employees enjoy broader skill sets, experiences, and points of view.
Be transparent about hiring criteria.
Improve retention of minority workers.
Analyze problems and adapt. Train managers to spot their biases and avoid communicating in ways that unconsciously deter minority candidates.
Implement workplace flexibility.
"It’s hard to have a conversation about systemic injustices. One, [diversity-related topics] are hard to ..."
Challenge: Expose Biases too hidden to be seen.
Innovation: An identity survey with easily visible results.
Lesson: More than one social identity is examined at the same time and allows becoming aware of issues related to diversity and privilege.
Demonstrate authenticity — and grace. Making cultural faux pas is an opportunity for teaching and showing grace.
Focus on solutions. Awareness encourages motivation toward solutions.