Workforce diversity: a key to increase company’s productivity

Workforce diversity: a key to increase company’s productivity

January 5, 2024

Table of contents

by Talenteer Editorial Team
Workforce diversity refers to various characteristics and distinctions among team members: age, culture, religion, race and gender, and physical capabilities. Leaders who understand and apply this approach to manage talent are on the way to increasing the company’s effectiveness.

Advantages of workforce diversity

Diversity fuels success across the company. The multifaceted teams have strengths that allow them to perform more effectively.
1. Breakdown the groupthink
Groupthink limits freedom in thinking and blocks the creation of innovation. Teams with groupthink risk making poor decisions. At the same time, members of multicultural teams are ready to share specific opinions and discuss alternatives. It is a perfect environment for generating creativity and fresh ideas.
2. Increase the expertise
A variety of backgrounds of team members is a good base for a company to collect knowledge and grow expertise in new professional areas. These positively influence the way teams perform and prepare companies for potential business opportunities.
3. Effective decision-making
Multifaceted teams increase critical thinking, help find alternatives, reduce the risk of groupthink, and make teams more effective in the problem-solving process.
4. Attractive image of the employer
Organizations that have a popular multicultural approach to talent management could get positive employer brands and attract talent by providing inclusive workplaces.
5. Grasp the market dynamics
Multifaceted teams are more sensitive to market trends. Understanding users’ wishes and cultural specifics could enhance the demand for produced goods and services.
6. Engagement and commitment
Employees could adapt faster and more smoothly in multifaceted teams. They boost the morale and satisfaction of internal talent and increase engagement. Also, employees prefer staying and growing together with comfortable and safe teams, and this case could reduce employee turnover.
7. Prepare for business opportunities
A multicultural work surrounding elevates competence in the economic, ethnic, and cultural areas. This aspect supports insights into local and global markets, getting smooth world cooperation.

How to achieve diversity

1. Educate HR team:
  • Create and hold training sessions that cover various aspects of multifaceted teams.
  • Improve the hiring processes based on feedback from different company departments.
2. Implement diversity policies:
  • Establish company policies on hiring, promotions, and evaluations.
  • Ensure equal employment opportunities status.
  • Add a diversity policy to job descriptions.
3. Promote open communication:
  • Create and explain company Workforce Diversity Policy.
  • Collect feedback and apply it for improvement.
4. Provide inclusive opportunities:
  • Discover employee preferences through polls.
  • Create inclusive team-building activities.
  • Hold activities accessible to each employee.
5. Develop internal talent:
  • Foster mentoring.
  • Invest in employees' knowledge and skills.
  • Provide equal opportunities for professional growth.

In conclusion

Diversity brings value when an organization knows how to embrace and use a variety of cultures, religions, and other aspects in the team. This powerful tool supports you in making effective decisions, managing assumptions, and finding bottlenecks. Consequently, you could enhance your talent management, leading to notable advancements in team innovation, performance, and overall growth.
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