Whether or not companies need diversity is a constant topic of conversation in just about any field. But no matter how much or how long people talk about it, the answer is this: Yes, diversity is a necessity. But more importantly, companies should want diversity instead of thinking of it as an obligation. Diversity isn’t just about building a better employer and consumer brand—it has tangible benefits to productivity, creativity and ROI. Diversity also provides a number of other positives for your company. Why should you strive for a more varied workforce? Here’s five reasons:

Bilingualism Is a Boon For Business

The more you work to add people of different backgrounds to your workforce, the better the chance you’ll find someone who speaks multiple languages. Bilingual workers tend to earn 10% more per year than their monolingual counterparts. Benefits of having a bilingual employee include being able to better negotiate with clients and partners who speak another language, being able to expand your customer and client base by creating multilingual ad copy, and saving money on translators, should the need arise.

Diverse Teams are More Productive

Happiness is overrated. Employees want to work with people like them because it makes them more comfortable and makes the working environment a little more pleasant. However, when you introduce diversity into the workplace, you’re also introducing new ways to tackle problems. The result is more productive teams . Companies who split men and women more evenly in their teams earned 41% more revenue, even if employees reported higher satisfaction levels when working people who were similar to them.

They’re Also More Creative

Diverse teams are more productive, and they’re more creative. Along with more approaches to problems, diversity also introduced more ideas from people with different backgrounds. In more diverse groups, ideas from people who differ from everyone else are less likely to get shot down, leading to new ideas that could drive companies forward, and producing better results. More creative teams produce better results, and this gives your company a new quality of product that could boost both your consumer and employer branding.

It’s Desirable

The higher-ups at your company may be stodgy and as averse to change as they are to risk (heck, the two are often seen as synonymous), but that doesn’t mean they’re right—or that they’re in line with how people think. According to a recent survey by Glassdoor, 57% of employees think their company should do more to diversify their workforce . If people know you’re hiring anyone who’s qualified for the job, and not just those that already are entrenched in the culture you’ve built up, they’ll be more willing to apply, and this will lead to better (and more diverse) candidates down the road.

It Covers Your Legal Bases

Incentivizing more kinds of people to apply for jobs at your company leads to better work, and it could help you avoid lawsuits. Discrimination lawsuits are everywhere, and they’re often because an employer doesn’t embrace diversity as part of its core philosophy. A group of McDonald’s employees recently sued the company when they were fired, alleging racial discrimination. By hiring more diverse people and creating an inclusive environment, you’re far less likely to face litigation when you let someone go. These are just some of the reasons your company needs diversity. There’s really no reason not to aim for diversity, and the benefits are huge. Once you get over some initial uncomfortable situations, your business and your employees will thank you.

Recent Posts

Data-Driven Recruiting: Getting Started with the Help of a Spreadsheet

23 March 2017

Image courtesy of craigmoulding   Hiring is one of the biggest challenges companies face. Finding the right person for a specific role is hard enough. But efficiently moving through each stage in the hiring process is arguably more difficult.   You have to attract candidates from multiple sources, review each one, schedule interviews that accommodate everyone’s …

Top 5 Personality Tests to Find the Right People for Your Company

16 March 2017

While skills, qualifications and professional experience are important factors recruiters take into account when searching for candidates to fill a vacant position, a candidate’s personality can be just as essential.   One of the most important elements that influence the hiring decision is whether a candidate is a good fit for the company’s culture. A …

Kindness: Why It’s Missing and How to Integrate It into Your Office Culture

09 March 2017

During long, busy workdays, completing tasks quickly and efficiently is our primary goal. In striving to do so, we can often be unintentionally unkind to others. Perhaps we ignore a question or brush someone off in the name of “getting it done.”   This is pervasive in every area of our life. In fact, in …

Employee Retention: 5 Ways Small Businesses Can Avoid Employee Turnover

02 March 2017

If you are concerned about employee retention in your small business, you are not alone. You may be well aware of how frustrating and time-consuming it can be to find the right individual to complete specific tasks in your organization. You may have even gone through several employees before you found someone you are truly …

How to Recruit the Right Candidates on a Tight Budget

23 February 2017

If you’re running a small organization or a startup firm, then you probably already know how challenging it can be to attract talent to your company. After all, you’re competing not just against other businesses in the same situation, but also against large and established entities with significant resources at their disposal.   Luckily, there …