Diversity, Equity, and Inclusion for Increased Profitability and Reduced Employee Turnover

In today’s work environment, many employers and employees alike recognize the inherent importance of diversity, equity, and inclusion (DEI). But according to the report Diversity Matters, diverse organizations are more profitable on average than non-diverse organizations—an added incentive for companies to take DEI more seriously. In fact, employee diversity has been linked to better outcomes; increased creativity; better decision-making, problem-solving, and employee engagement; improved company reputation; higher profits; and more. Inclusive workplaces also create progress, drive innovation, and lower employee turnover by bringing together different people who learn from each other, challenge norms and traditions, and foster growth through the open exchange of ideas, feedback, and conversation. 

Most employers are aware of the benefits that come with striving for diversity in the workplace, which is why business leaders are taking note and trying to diversify their organizations. But achieving diversity is no simple task. It is an ongoing and difficult process, as it requires a change in corporate culture to identify and combat inherent and unconscious bias within the organization and among individual employees. Luckily, there are many steps an organization can take to promote diversity. 

One such way to begin creating a diverse and inclusive workplace that respects differences and gives voice to all people is by implementing a diversity and inclusion training program. This requires training from employers to help employees understand corporate values and diversity, overcome unconscious bias, and build an inclusive work environment. 

New Jersey Institute of Technology’s Division of Professional and Corporate Education has partnered with Branding4Change, a leader in DEI, to develop a training program that facilitates open dialogue, collaboration, and reflection that challenges business leaders, managers, and individuals to foster an inclusive climate. This changes the culture of their workplace by breaking down misperceptions, developing trust, and co-creating transformational models of behavior. This diversity training has many benefits, including promoting the inclusion of different identity groups and better teamwork. It is a professional training program that aims to encourage positive interactions between various types of diversity, reduce prejudice and discrimination, and teach people who are different how to work together towards a common goal   on a business team. With a focus on diversity and inclusion, unconscious bias, the impact of privilege, cultural humility, and intersectionality, this training is distinctly different from others. Rather than force-feeding concepts on progressive policies, we engage audiences by combining introspective exercises that dig deep and spark courageous conversations that connect groups to break down barriers. 

There is no single set of rules for implementing a successful DEI program in your business, but you can start your journey to learn about DEI and understand the value it brings to your business by setting up a diversity and inclusion training program in your organization.  

Company practices—such as setting up a DEI training program—demonstrate a strong commitment to equality and diversity, sending a clear message to customers and employees that it cares about its employees and the general public. In turn, they positively impact the perception of their products and services. A strategic diversity plan coupled with top-line training facilitates employee satisfaction and stability while promoting retention. To begin your company’s journey to increased profitability and reduced employee turnover through the implementation of DEI training, visit www.njii.com/courses/diversity-equity-and-inclusion/ and get started today.