Only 40% of businesses have mature diversity, equity, and inclusion (DEI) initiatives.

Most other companies are still debating the need to implement DEI initiatives. These companies are waiting for more concrete evidence of the benefits of these initiatives. Unfortunately, this delay makes it hard for these companies to retain key employees.

They’re struggling to keep things running due to the ongoing great resignation.

So, how can DEI initiatives help your business manage this HR challenge? Read on to discover the importance of diversity, equity, and inclusion in the workplace.

What Is Diversity, Equity, and Inclusion (DEI)?

DEI refers to HR initiatives that promote the participation and representation of different groups of people in the workplace.

It involves hiring individuals of different:

  • Races and ethnicities
  • Religions
  • Genders
  • Cultures
  • Sexual orientations
  • Ages
  • Cultures
  • Abilities and disabilities

The goal is to have a workplace comprised of individuals with diverse backgrounds, skills, and experiences.

Here are the proven benefits of DEI initiatives.

Create a Positive Workplace

DEI promotes a healthy and positive workplace by bringing in people with different characteristics. It gives these people equal growth opportunities. Also, it establishes a welcoming culture where all employees are appreciated.

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Improve Employee Engagement and Retention

DEI improves employees’ commitment to your business and encourages a collaborative attitude. Employees feel they’re valued despite their differences. So, they’re happy to work for your business and will promote you to their friends/relatives.

Create a Positive Company Image

64% of consumers are likely to buy a product immediately after seeing it advertised by a brand that embodies diversity and inclusion. Your business should therefore embrace DEI to increase leads. The goal is to create a positive brand image to gain an edge over competitors.

How to Promote Diversity, Equity, and Inclusion in the Workplace

Although many businesses understand the benefits of DEI, they don’t know how to implement it. They assume they must invest in costly diversity equity and inclusion advice they can’t afford.

Here are simple ways to promote DEI in the workplace:

  • Establish fair hiring practices
  • Provide DEI training
  • Promote pay equity
  • Build an inclusive company culture

Your goal is to educate the employees and managers on the benefits of DEI. Make them understand how promoting diversity and equity creates a positive workplace. Guide them on effectively collaborating to achieve personal, team, and organizational goals.

Leverage DEI to Boost Employee Engagement and Productivity

Investing in diversity, equity, and inclusion in the workplace will help your business survive the great resignation. The idea is to leverage DEI to increase employee engagement and retention. Also, DEI will help you create a positive brand image and increase leads.

So, rely on the above tips to promote DEI at your workplace.

Did you enjoy reading this blog post? If you did, then please check our other articles for more similar content.

By Manali