Why culturally diverse workplaces produce better results
Culturally diverse workplaces
What is cultural diversity?
Culture is what moulds us; it is the source of our beliefs, impacts our behaviour, and gives us our sense of self. The representation of many cultural and ethnic groups in society is known as cultural diversity.
When it comes to cultural diversity in the workplace, it refers to the inclusion of people from various origins, races, sexual orientations, and political viewpoints. The term ‘cultural diversity supports an inclusive workplace in which people from varied backgrounds join together to work as a team.
It’s easy to talk about the theory and definitions of cultural diversity, but the methods utilised throughout the hiring process have a big impact on how that diversity is created within an organisation.
Companies that value a culturally diverse workplace are willing to hire people from all walks of life, regardless of colour, religion, or culture. When a firm recruits and retains a diverse workforce, it reaps a variety of benefits for both the company and its employees.
Consider the human race as a whole: we are a globally diverse species with a wide range of cultures, languages, and beliefs. Why, then, should we not strive to make our workforces as diverse as possible in this age of globalisation?
Why is cultural diversity important?
We’ve discussed the advantages of cultural diversity, but equality and diversity aren’t just buzzwords in the media. There has been a lot of research done on the good effects of diversity in the workplace and its importance of it.
When considering the benefits of cultural variety, studies delve into why it is vital and provide us with reliable data to work with. For example, according to a study, the 43 most diverse public businesses were 24% more lucrative than the S&P 500. According to other surveys, nearly 95% of directors feel that diversity gives new perspectives.
Finally, workplace diversity and inclusion enable firms to form teams that bring a variety of perspectives and skills to the table, resulting in increased innovation and income.
There are some extremely beneficial benefits to having a more diverse staff that can be difficult to quantify. Let’s look at eight incredible advantages for both individuals and employers:
- Increased productivity
- Improved creativity
- Increased profits
- Improved employee engagement
- Reduced employee turnover
- Improved company reputation
- A wider range of skills
- Improves cultural insights
Employee retention will help you maximise revenues in the long run if you hire a diverse crew. Inclusion and diversity are critical in the workplace because they boost employee morale. The feeling of being valued and welcomed, regardless of your background, is the fundamental reason behind this.
CIS works with communities from the inside out, recognising the particular culture of the people they serve. We offer expert guidance on how to best engage, support, and integrate cultural awareness and diversity, particularly for Aboriginal and Torres Strait Islander values into your organisation and facilitate the introduction of cultural awareness within your staff and corporate structure by providing bespoke solutions tailored to your needs. Contact us today to see how you can benefit from a more culturally welcoming workplace.
All profit generated from our cultural consulting services goes directly towards supporting our Indigenous Literacy and Numeracy program, to improve outcomes for First Nation Australians.