Bernhard Mehl explored the four major elements of diversity (ethnicity, gender, sexual orientation, and disabilities, cognitive disabilities and age,) to understand the state of workplace diversity and how a diverse workforce benefits corporations.
– Teams that are more diverse than average reported innovation revenue that was 19% higher than companies with below-average leadership diversity.
– High-performance organizations are 37% more likely to hire people with a cognitive disability because they are good talent matches for open positions.
– LGBT-friendly workplaces lead to improved health, increased job satisfaction, better relationships with co-workers and supervisors, and greater work commitment among LGBT workers.
– 72% of job hunters who identify as LGBTQ allies would “prefer to work fro an LGBTQ-friendly employer over a less inclusive one.”
Implications for the Industry
A diverse workforce is shown to have positive impacts on innovation, employee health and satisfaction, work commitment, and revenue, among other benefits. Organizations who strive to lead in innovation revenue and employee satisfaction and commitment should ensure that their workforce is diverse and representative.
Read more to learn about the state of workplace diversity and how diversity impacts other organizational factors.
Mehl, B. (2019, November 20). Study: Diversity in the Workplace 2020. Retrieved September 08, 2020, from https://www.getkisi.com/blog/study-diversity-in-the-workplace