AICPA reports diverse teams are 45% more likely to report increased market share over the previous year.
Prioritizing diversity and inclusion isn’t just a box to check; it’s a game-changer. It sparks innovation, sharpens decision-making, expands the talent pool, and keeps your team engaged and committed.
Drive Innovation
Innovation drives success, and diversity plays a key role in fostering it. Research shows that when workers from diverse backgrounds collaborate, they bring unique perspectives that spark creativity and lead to groundbreaking ideas. Diverse teams are 45% more likely to report increased market share over the previous year.
Imagine a team with people from various cultural backgrounds, genders, ages, and professional experiences. Each person approaches problems differently, creating a richer pool of ideas. This diversity of thought promotes out-of-the-box thinking and can result in innovative solutions that a more homogenous group might overlook.
Make Smarter Decisions
Diverse teams make better decisions because they avoid thinking the same way. They’re able to look at problems from all angles, which leads to stronger decisions.
“Inclusive teams are 87% more likely to make better decisions than non-inclusive ones.” — Ashley Kelly, co-founder and CEO of CultureAlly, a D&I consulting and training organization.
Diverse teams are also good at spotting risks and opportunities. That’s because when team members question each other’s assumptions, they think about more possible outcomes, and are better prepared to handle unexpected problems.
Attract and Retain Top Talent
In today’s competitive talent market, companies prioritizing diversity have a significant edge. Top talent looks for employers that value inclusivity and provide equal opportunities. A diverse workplace signals progressiveness and attracts a stronger workforce.
Fostering diversity also improves employee retention. When employees feel valued and included, they are more likely to stay long-term, boosting morale and reducing turnover.
69% of millennial and Gen Z employees are more likely to stay for 5+ years at a company with a diverse workforce, according to data from Deloitte.
Boost Employee Engagement
Creating an inclusive and respectful environment also improves employee engagement. Employees who feel safe, valued, and free to contribute are more likely to be engaged and productive.
Inclusive practices (from fair hiring to fair promotions and salaries ) build trust between employees and management. When employees believe they are treated fairly and have equal opportunities for advancement, they are more motivated to perform at their best, increasing productivity and performance.
Per Scholas: Your Partner in Diversity
Developing a diverse and inclusive workplace takes planning and effort. Per Scholas, a nonprofit committed to diversity, supports businesses as a trusted partner with many resources.
Guidance from diversity consultants, Per Scholas collaborates with industry leaders to craft effective strategies for inclusive environments. They’ve developed actionable insights and plans to foster diversity to make all employees feel valued. This approach helps businesses navigate diversity challenges, promote innovation, and improve workplace culture.
Connecting businesses with diverse tech talent is a cornerstone of Per Scholas’s mission. They prepare individuals from underrepresented communities for tech careers, with 85% of learners identifying as people of color and 40% as women. These statistics are rare in the tech industry, making Per Scholas a standout in cultivating a more inclusive workforce.
Offering reskilling opportunities for existing talent to tech roles is another way Per Scholas supports diversity. This initiative not only retains valuable experience but also infuses diverse viewpoints into technical roles while reinforcing a commitment to inclusivity.
85% of Per Scholas technologists identify as people of color and 40% as women.
Partnering with Per Scholas enables companies to build a diverse and inclusive workforce — driving innovation, improving decision-making, and enhancing employee engagement and retention.
Achieve More through Diversity
Embracing diversity in your business strategy isn’t just the right thing to do — it’s the smart thing to do. It can boost your ROI by enhancing innovation, improving decision-making, attracting top talent, and increasing employee engagement and retention. By prioritizing diversity, your company can achieve greater success and create an empowering workplace for everyone.
Ready to take your diversity and inclusion efforts to the next level? Partner with Per Scholas and unleash your workforce’s full potential.