Explore the evolution and benefits of diversity.
The workplace of today looks nothing like the workplace of a few generations ago. And, one of the biggest reasons why the workplace looks different is because the workforce itself looks different, too. People of different races, genders, orientations, ages, cultures and physical abilities are all working together side by side, and it is having positive results on lives and on businesses. That’s because embracing and emphasizing diversity in the workplace gives people access to opportunities while giving companies the opportunity to realize some significant benefits. To learn more, check out our infographic.
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What are the benefits of workplace diversity?
Alan G. Lafley, the CEO of Procter & Gamble, said “A diverse organization will out-think and out-perform a homogeneous organization every single time.” Many business leaders share his point of view.
According to a recent study:
- 85 percent of large global enterprises believe diversity is crucial to fostering innovation.
- 79 percent of companies believe that diversity initiatives have a positive impact on company culture
- 83 percent of executives agree that a diverse workforce improves their company’s ability to capture and retain a diverse client base
The numbers back up these beliefs – companies with a high rate of racial diversity generate 15 times more sales revenues that their counterparts; and firms that proactively approach glass-ceiling related discrepancies perform 250 percent better on the stock market than those that do not.
There’s still more work to be done for workplace diversity.
While the benefits of diversity in the workplace are significant, there is still significant work to be done to create a truly diverse and inclusive workforce. Of all Fortune 500 CEOs, 95.8 percent are Caucasian, and 96.4 percent are male. The executive suite currently does not reflect the makeup of the workforce itself, which is 36 percent non-Caucasian; and it definitely doesn't reflect the changing nature of the U.S. population.
All people deserve the opportunity to excel and grow at work. That’s why Adecco is committed to supporting initiatives that promote diversity and inclusion in all areas of our business. We also partner with other M/WBE companies, giving them the chance to leverage our resources while they grow their market share and fuel a more diverse, inclusive and high-performing workforce.