Why Does Diversity Matter?

Diversity is a critical issue for organizations. A survey by Korn/Ferry International found that more than 2 million people leave their jobs each year because of unfairness in the workplace. The hiring costs which result from high turnover are a huge stumbling block to company success, not to mention the time investment that goes into screening applicants and acclimating new hires to their role. Still, the greatest hindrance to progression lies within the heart of the issue – that is, to devalue and exclude employees because they are different is to also place limitations on their contributions and ability to grow.

At its best, diversity is a business strategy that has been shown to increase an organization’s ability to achieve better bottom-line performance and sustain its growth and prosperity. It’s most effective when it’s focused on increasing opportunity for personal and organizational achievement – not on inaccurate beliefs about legalities, obligations and rules