Why DEI Efforts Are Important Heading Into 2023
Diversity, equity, and inclusion (DEI) efforts are becoming an increasingly critical part of the success equation. While diversity in hiring has long been a priority, today, there’s a greater emphasis on cultivating a supportive, respectful culture that ensures every employee has their unique needs met.
If you’re wondering why DEI efforts are critical in 2023 and how you can use these programs to boost your company’s performance, here’s what you need to know.
Why DEI Efforts Are Important Heading Into 2023
Diversity, equity, and inclusion aren’t just concerns for companies; they’re also important to the broader population. In recent years, people have become increasingly aware of the struggles of diverse populations in the United States. In turn, many people began favoring companies that were actively working to provide inclusive and equitable environments, both when it came to the businesses they purchase from as consumers and where they prefer to work as professionals.
Additionally, DEI is directly connected to greater company success. Diverse and inclusive work environments are traditionally more innovative. Having a wider range of perspectives leads to more creative solutions. Plus, when all employees feel comfortable, they’re more open to sharing their ideas.
Companies that support DEI efforts also have happier workforces. Their cultures are typically more positive, and that leads to heightened job satisfaction. In turn, they’re classically more productive – and profitable – when compared to competitors that don’t have DEI programs.
DEI efforts can also serve as critical differentiators that can make retaining talent easier. Satisfied workers are less inclined to seek out new opportunities elsewhere, particularly if they doubt they can find a better culture if they make a switch. As a result, companies that perform well in the DEI arena usually have less turnover, making their workforces more stable.
Finally, DEI can boost recruitment. Since many professionals believe that organizations should prioritize diversity, equity, and inclusion, those that do are more often viewed as employers of choice. That makes them more attractive options to candidates seeking out new opportunities, deepening their pool of interested talent significantly.
How to Use DEI Efforts to Your Advantage
DEI programs offer companies a wide array of advantages. As mentioned above, these initiatives make a significant impact on retention, reducing your need for ongoing recruitment. Additionally, DEI efforts lead to greater job satisfaction which, in turn, boosts productivity and profitability. The programs can also serve as a differentiator, giving your organization a better position within the marketplace.
Your DEI efforts are also a potent recruitment tool. By openly discussing your program, you have an easier time connecting with diverse candidates and attracting job seekers who also view diversity, equity, and inclusion as priorities. As a result, you can leverage your DEI efforts to position your organization as an employer of choice, leading to improved access to top talent.
Looking to Find The Best Talent for Your Team?
If you want to showcase your DEI efforts and achieve a more streamlined hiring process while accessing a larger talent pool, Riverway Business Services wants to hear from you. Contact us to learn more about our talent acquisition services and flexible hiring programs today.