Nov 2 2021 | theoutcastcollective
Having a diverse as well as an inclusive environment creates a sense of belongingness amongst all employees. When your employees feel connected with their work, they try to work smarter as well and this leads to higher work quality. This results in companies and organizations adopting practices for gaining better business results, decision-making, and innovations.
With Inclusion in the workplace, people feel more accepted, respected, valued, and supported. This allows the employees to participate in the process of decision-making as well as developmental opportunities for the company. But one of the challenges remains to measure inclusion.
Most business leaders understand that inclusion results in potential with a diverse workforce. But there have been ways for finding diversity but this can’t hold for inclusion. The shortcomings have led to efforts that are obstructed for developing coherent metrics and unified metrics for tracking the overall progress with time.
How Can Inclusion Be Tracked?
For an effective way of tracking inclusion, the companies should be measuring the sentiments of the employee. But this needs to be done by considering the inclusion definition and making sure that the results are achieved faster. In the new outlines of Gartner’s research, there are ways of putting numbers to concepts and taking a look at the way meaningful action will look and the potential pitfalls that can occur while avoiding them during the process.
Ways Measuring Inclusion in the Workplace Can Help
- A Larger Talent Pool
When you haven’t been changing the process of recruitment you will always be having the same kind of people. Expanding the recruitment searches for diverse candidates that include ethnicity, and background age, will widen the talent pool and also increase the probability of finding the best people for hire. Hiring diverse individuals can be critical for attracting more qualified and interested applicants.
- Increased Employee Trust And Engagements
When the employees are feeling included, there is more engagement. Engaged employees will go an extra mile for the company. More engagement eventually has this ripple effect when we speak of profitability, retention, and team morale.
The people that are working in a workplace that’s inclusive will also have better mental and physical health while taking fewer leaves for their health issues. Additionally, having measured the inclusion and taking actions for it can gain greater trust that is present between leadership and the employees. This solves one of the biggest issues at the workplace currently.
Just one out of five HR, as well as engagement leaders, have agreed that the employees have complete trust in the business leaders. This will teach the leaders to recognize the unique talents of the team members. It also rewards the employees for completing the best work for alleviating the problems for creating a more inclusive workplace. It is also critical that you remember that all of the employees have to recognize each other for having a truly inclusive culture.
- Innovation and New Perspectives
Your business will have a better chance of coming up with new ideas when the group is much diverse and changed as per the measure reports. One of the Harvard Reviews had shown that there is a significant link between innovation outcomes and diversity.
The diverse enterprise that consists of industry, gender, migration, age, and education will also have the highest innovative capabilities and this can be measured through revenue mix. Every diversity dimension is linked with innovation but the nation, industry, and gender do have a huge impact on the business revenue.
The diverse teams are also capable of identifying the services and products that need to be included as per emerging customer needs. Additionally, several diverse employees do face adversity at some point in their life. Such challenges force them to hone the expertise and also develop excellent issue solving skills.
- Improved Decision Making
Having diverse teams will help you make better decisions. Having diverse teams can help in the improvement of about 60 % in their decision-making. Specifically, the teams that are gender diverse will outperform individual decision-makers about 73 % time. The team diversity in gender, age, geography can help with better decisions than an individual almost 90% of the time.
- Better Performance
When you work on the inclusion measurements and make changes it can positively impact the performance and productivity. Diversity stays as the competitive differentiator. The companies that are significantly ethnic and follow racial diversity can outperform 35% more when compared with their competitors. It was also seen that inclusion in companies has the capacity of capturing the new markets and that in turn yields better revenues and growth.
Final Thoughts
Measuring inclusion and diversity will be beneficial for the companies in several ways. There have been many types of research that show this can lead to higher revenue. With every 10% increase, the ethnic and racial diversity in the business can lead to increased earnings as well for the team.
Also read – Insights on Diversity and Inclusion: Explore the world of DEI Consulting and PoSH.