4 Reasons to Consider a Diversity Recruiting Program

Forbes stated 85% of 321 large global companies agreed or strongly agreed that diversity is crucial to fostering innovation in the workplace. Creating a diverse workforce can be challenging, but it can have a huge positive impact on your company. Here are five reasons to consider a diversity recruiting program.

•  It can create profit

“The annualized return for the 100 companies which rated lowest in equal employment opportunities issues, average 7.9 percent, compared to 18.3 percent for the 100 companies that rated highest in their equal employment opportunities. “Thus, the stock market performance of the firms that were high performers on the glass ceiling-related goals was 2.5 times higher than that of the firms that invested little in glass ceiling-related issues. “ according to Villagelife.org

•  Diversity is marketable

SHRM indicates that “minorities are the majority in six of the eight largest metropolitan areas of the U.S. The combined Black, Hispanic and Asian buying power is more than $750 billion. Women are the primary investors in more than half of the U.S. households.” Marketing your company as a diversity employer can, in turn, increase your applicants and potential hires of diversity candidates.

• A broader range of services

Recruiting diversity for your workforce can also broaden the range of services that your company can provide.The company would be able to connect to all different types of customers with a diverse workforce on subjects like culture, politics, likes, and dislikes.Companies are also able to hire the top 1% of employees if they have diversity within their workforce because they are open to many different types of employees.

• Different viewpoints

Diversity within a workforce can encourage various types of viewpoints because of the different cultures and past experiences they have had. A business can use different viewpoints to create unique business strategies and customer experiences.