Diversity, Equity, and Inclusion (DEI) is crucial for creating and maintaining a successful and enjoyable workplace. This has become an increasingly relevant topic in businesses everywhere and it is important to fully understand DEI to be sure to implement it correctly.
What is Diversity, Equity, and Inclusion?
Diversity, Equity, and Inclusion are the programs, policies, and efforts made to create a diverse, equitable, and inclusive environment in the workplace that protects employees from discrimination of any kind.
Diversity is the presence of differences. This could mean gender, race, ethnicities, ideas, age, socioeconomic class, etc.
Equity is the quality of being fair and impartial. Giving all individuals an equal opportunity.
Inclusion is ensuring that all individuals feel safe and welcomed, meaning that they feel understood and appreciated for being their authentic self.
The Benefits of DEI in the Workplace
Innovation and Growth
Growth and development comes from challenging your own thoughts and opinions by learning from others. The more diverse your business is, the more opportunity there is for growth and innovation.
Increased Employee Connection and Engagement
If employees enjoy their work environment, it is proven that they will be more willing to engage in company activities and connect with coworkers. The more connected and engaged your employees are, the more productive your business will be.
Strong Thought Process and Decision Making
The more differing opinions and thoughts that go into a decision, the more thought through and well-rounded the decision will ultimately be. Different thought processes allow for situations to be thought through in different ways. This can help rule out problems, see all sides of an issue, and come to the best decision for the group.
Standout Employer and Employee Retention
Prioritizing diversity, equity, and inclusion in the workplace is becoming increasingly popular because of all of the benefits and overall better employee experience. Putting DEI first at your business will help you standout as an employer and make your business a desirable place to work.
Don’t let your business fall behind and miss out on the opportunities to grow and develop. Change and challenge are good things that bring growth and innovation that will keep your business relevant and your employees content.
If you have any questions, contact an Abacus Payroll advisor today!