When businesses promote equality, embrace diversity and celebrate inclusion, it can have many advantages. According to the Advisory, Conciliation and Arbitration Service (Acas), it can help:
- Make it more successful.
- Keep employees happy and motivated.
- Prevent serious or legal issues such as bullying, harassment and discrimination.
- To better serve a diverse range of customers.
- Improve ideas and problem-solving.
- Attract and keep good staff.
- It fosters innovation, creativity, and problem-solving – employing employees from various backgrounds with different experiences, skills, qualifications, and characteristics can bring new ideas to the table, as they will have unique perspectives. It can lead to better decision-making and enhance innovative ideas and solutions.
- It contributes to employee satisfaction, retention, and productivity – if employees feel valued and a sense of belonging and businesses celebrate their uniqueness, it can boost morale and lead to increased satisfaction and fewer complaints. Happier employees will likely be more engaged, motivated and productive, have better-working relationships and want to stay in a company where they feel safe. Keeping good employees is vital, as it saves money on recruitment and training.
- It adds new skills and experience – job applicants and employees will be from different geographical areas and have various qualifications, experiences and skills. It widens the talent pool for businesses so they can employ and retain the best possible staff that meets the ethos and values of their company.
- It improves a company’s reputation – when businesses embrace and celebrate equality, diversity and inclusion, it demonstrates to internal and external stakeholders that they are going above and beyond legal compliance and are socially responsible. It can enhance a company’s reputation, increase business and attract a diverse talent pool, increasing the chances of hiring better staff.
- It ensures legal compliance – employers have legal duties under the Equality Act 2010 to treat employees and job applicants fairly and not discriminate against them. Therefore, it prevents potential legal action arising from discrimination, including bullying and harassment. They also have a moral obligation, as treating everyone with respect and dignity is the right thing to do.