CanadianSME Small Business Magazine January 2022 edition

Page 58

5 Benefits of Diversity in the Workplace By CanadianSME

Workplace diversity might sound like business

jargon for many. However, the truth is, diversity needs to be an ingrained goal for each and every organization out there. It’s solely not

about the reputation, though. It’s also not about the social goal of being inclusive. But a diverse

workforce can have several tangible benefits to you and your business.

According to a study by BuildForce Canada,

20% of the labor market will shut down in the

next decade. Hence, in order to replace them, the businesses need to employ people from

underrepresented groups, Indigenous natives, women as well as new Canadians. Workforce

diversity can help your business attain several high-level goals like increased innovation with magnified results.

So, what is this workplace diversity all about?

Simply put, it is about employing people from

all walks of life. If you are an entrepreneur and if you are thinking about implementing a

diversified workforce in your company, you should be okay with employing people

irrespective of their backgrounds, ages,

genders, religions, abilities, and races. Basically, it’s about having a team from different socioeconomic statuses.


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