By having a diverse workforce, businesses can improve their recruitment, international sales and boost profits.
A diversity strategy enables companies to get a competitive edge with new markets and customer groups. Some studies have indicated that businesses with an ethnically diverse workforce perform better financially that companies with a more homogeneous staff. Additional research determined that diverse teams have deeper engagement, are more effective and produce higher quality work.
The Business Development Bank of Canada (BDC) recently detailed the benefits of a diverse workforce and provided a number of strategies to help implement a more diverse workplace. To read the BDC article, click HERE.