Diversity Pays Off

Research has shown that companies lacking diversity are at a disadvantage when it comes to innovation, creativity, and problem-solving. Groupthink can limit a company's ability to come up with new and innovative solutions, which can ultimately hurt the bottom line.

Companies that are more diverse tend to have a better understanding of their customers and are better able to meet their needs.?

Companies that prioritize DEI tend to have lower turnover rates, as employees are more likely to feel valued and included in the workplace. This can result in significant cost savings related to recruitment, training, and lost productivity due to turnover.

Finally, companies that invest in DEI tend to have a more positive and engaged workforce, which can lead to increased productivity and profitability. Employees who feel valued and included are more likely to work harder and be more productive, which can translate into increased profits for your company.

So if you're looking to grow your business and increase profits, don't overlook the importance of investing in DEI. By doing so, you can create a more innovative, productive, and profitable workplace for everyone.

Check out these articles below that make the case for why diversity matters:

1. "Why Diverse Teams Are Smarter" - Harvard Business Review: https://hbr.org/2016/11/why-diverse-teams-are-smarter
2. "The Business Case for Diversity in the Workplace Is Now Overwhelming" - Forbes: https://www.forbes.com/sites/ashleystahl/2021/03/01/the-business-case-for-diversity-in-the-workplace-is-now-overwhelming/?sh=6c31d2a56f6d
3. "The Costs of Discrimination" - Harvard Business Review: https://hbr.org/2018/09/the-costs-of-discrimination
4. "The Business Case for Diversity in the Workplace" - Society for Human Resource Management: https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/businesscasefordiversity.aspx
5. "The Business Case for Diversity & Inclusion: How Diversity Creates More Profitable Companies" - Indeed: https://www.indeed.com/lead/business-case-for-diversity-and-inclusion