3 reasons why having a more diverse workplace is good for business

by Tim Gibson (mygwork)

1. Having more diverse employees increases profitability

Having employees from different backgrounds with different experiences and perspectives on how to run a business means they can respond to a wider range of customer problems. This has proven effects on profitability: for every 1% increase in gender diversity company revenues increase by 3%, with ethnic diversity increases revenue sky rockets by 15%.

2. Attract better employees

A whopping 67% of job seekers say they actively look for companies with diverse employees and that it’s an important part in their decision process for taking a job.

3. Increases employment engagement

Studies have also shown employee engagement rises with a more diverse workforce with 1.57 times more collaboration among teams and 1.19 times more intent to stay with the company.

Read more at https://www.socialtalent.com/blog/recruitment/5-simple-ways-to-improve-diversity-hiring-practices-in-your-organisation

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