There are a number of reasons why it is important to have a diverse workplace. First and foremost, diversity brings about innovation. According to the 2016 report "The State of Diversity in Corporate America," by Catalyst, companies with more diverse leadership teams are more than three times as likely to be ranked as innovators in their industries. Additionally, diverse workplaces are more likely to be innovative because they allow for different perspectives and ideas to be heard and considered.
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Second, having a diverse workforce allows for increased creativity and productivity. A study by the National Bureau of Economic Research found that companies with more racially and ethnically diverse employees were almost twice as likely to achieve profits above their industry average. This is because a diverse group can come up with new solutions to problems that may not have been considered before.
Finally, diversity strengthens relationships within an organization. When people from different backgrounds come together, they can learn from each other and build stronger relationships that will benefit both parties in the long run. For example, when employees from different cultures work together on a project, they may learn new ways of doing things that can be applied to future projects. These types of interactions are important because they help create trust between individuals and lead to better communication overall within the workplace.
