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It doesn’t matter which industry you belong to or which company you are working for. There are high chances that you can be doing better on the diversity and inclusion front. The reason is simple, both of these are infinite concepts. You can never be at a stage where you are both diverse and inclusive in your organization. You could always do more because you will have never fully accomplished your goals.

A diverse organization is the one that includes employees belonging to multiple racial, ethnic, cultural, and religious backgrounds. While a lot of people talk about diversity in the sense that it is a ‘must-have’, the significance of it goes far beyond that.

Diverse companies outdo non-diverse companies in performance by a huge 35%. They report financial returns more than the companies that do not have diverse employees. For every 10% increase in an ethnic and racially diverse senior-executive team in the US, the earnings before interest and taxes (EBIT) rise 0.8%. This means that diversity isn’t just a trending topic for the organization’s public relations department. The business and financial case for diversity is the strongest it has ever been in 2020.

 

Related article: https://positivehire.co/5-things-you-should-be-doing-to-improve-diversity-in-your-company/

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5 Ways to Retain Women of Color in STEM Professionals

Learn 5 key ways to retain women of color in STEM professionals. Don’t be like employers who’re missing the mark in diversity retention.

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