Unleashing Growth: The Powerful Impact of Diversity and Inclusion Strategies in the Workplace

We live in a time where we barely get ahead with the rocket speed with which the world is evolving. Industries are constantly reinventing themselves to ensure more?distributed opportunities.

In today's fast-paced world, decisions are made in split seconds. Some are based on personal indicators, while others are premised on corporate bias/stereotypes. Both of which, in our opinion, are in the best interests of our companies.

You ever caught yourself innocently choosing candidates based on bias, similar attributes, or traditional backgrounds? It happens to the best of us.

Part of the unflinching commitment at Remote Finance Team is to intentionally build, educate and equip diverse teams.

Workplace diversity cuts across different spheres. Marginalizing candidates.

Why? A typical traditional pattern!

Of course, many organizations have done a great job diversifying their workplace. But we've not hit the stride yet.

Nadia Rawlinson , the former Chief People Officer of Slack and an expert in workplace inclusion and diversity, stated this in an interview with HR Digest .

“To ensure adequate progress is being made, detailed strategic plans need to be implemented to drive and measure long-term diversity, equality and inclusion initiatives.”

We couldn't agree more.

We as business leaders must recognize and resolve the disparities in our organizations.

How? By focusing on a candidate's potential rather than background and traditional patterns - to help foster equality and close these opportunity gaps.

Here are a few statistics on inclusion and diversity in the workplace:

• Corporations identified as more diverse and inclusive are 35% more likely to outperform their competitors (McKinsey)
• Diverse companies are 70% more likely to capture new markets. (HBR)
• The GDP could increase 26% by equally diversifying the workforce (McKinsey)
• Inclusive companies are 1.7 times more likely to be innovative (Josh Bersin)

At the Remote Finance Team, we understand the value of #inclusion and #diversity in the workplace.

Implementing these strategies takes time, resources, and commitment. But ultimately, it can lead to higher innovation, faster problem-solving, and increased profits and performance.

Ps: How has inclusion and diversity impacted you or your organization?