Organisations must bring diverse perspectives together to offer various products and services externally. Therefore, they are hiring people from diverse backgrounds and even creating a leadership role of Chief Diversity Officer, who develops and implements diversity, equity, and inclusion (DEI) initiatives within an organisation. The top leadership has to set the culture, allocate the budget to various diversity initiatives, lay out the formal policies, create a level playing field for everyone, and define measurable and meaningful outcomes. Accelerates innovationInnovation happens when different ideas and points of view come together from employees with diverse backgrounds. Enhances problem-solvingPeople with diverse backgrounds and exposures often see the same problem differently and come up with multiple solutions, increasing the odds of success.

Source: Forbes June 17, 2022 13:07 UTC