Research proves that diversity (gender, ethnic and social) can improve work place culture and productivity. Some argue that workplace diversity can increase growth or revenues, by increasing the comfort of workers and ensuring different views are represented. But does diversity really have that much of a baring on a business' success?
Diversity is critical to workplace success
Diversity allows companies to tap into different opinions and work styles that could help it navigate different geographies, market segments, as well as tap into new talent pools
Diversity in leadership leads to greater profits
Studies repeatedly indicate a more diverse senior management team directly correlates to higher profits.
Diverse workforces drive profits through innovation
Diverse workforces are more innovative, and innovate companies are also more profitable. Therefore, diversity is critical to the financial growth, and success, of a business.
Many companies thrive with a homogeneous workforce
There are many examples of highly successful companies with homogenous workforces. Furthermore, members of a homogeneous team will have an easier time comprehending each other's verbal and nonverbal communications, and will have more shared experiences in common.
