The Benefits

Organizations globally are taking the necessary steps to have a more integrated diversity in their workplace. A good incentive as too why organizations are making these steps is due to the multiple benefits it creates. Here is an excerpt I found from the article The Benefits of a Diverse Workforce located on Innovation Zen. It indicates 13 prominent benefits of having a diverse workforce. The article reads as followed:

“Here are 13 Benefits of a Diverse Workforce:

1.      Improves corporate culture

2.      Improves employee morale

3.      Leads to a higher retention of employees

4.      Leads to an easier recruitment of new employees

5.      Decreases complaints and litigation

6.      Increases creativity

7.      Decreases interpersonal conflict between employees

8.      Enables the organization to move into emerging markets

9.      Improves client relations

10.  Increases productivity

11.  Improves the bottom line

12.  Maximizes brand identity

13.  Reduces training costs”

If you would like to continue reading this article, the following link to it as has been provided below:

http://innovationzen.com/blog/2007/05/07/the-benefits-of-a-diverse-workforce/

Posted By: Danielle M

Innovators In Diversity

                                         BMO Financial Group employee

Throughout the years, the concept of workplace diversity has steadily increased within Canada. Organizations alike strive for workplace diversity; a perfect example of such organization is the Bank of Montreal.  The BMO Financial Group has fully embraced this concept and should be recognized for its efforts to continually expand its diversity.  BMO has multiply techniques that are used to advance their efforts, two such techniques in particular are goal-setting and Canada’s Best Diversity Employers competition. 

Initially, BMO has created a comprehensive system of goal settings.  Within this system, BMO can continue to reach new platforms of success in developing their diverse community.  Moreover, BMO is a proud sponsor of Canada’s Best Diversity Employers competition. This competition ranks companies based on five major employee groups (women, members of visible minorities, persons with disabilities, aboriginal peoples and sexual orientation).  In addition, this competition strengthens and encourages corporations to accept workplace diversity.

Thus, BMO can be seen as one of the best innovator of workplace diversity based on its techniques.  I personally commend BMO for its efforts and achievements. I support workplace diversity awareness and full encourage everyone to comment or provide their thoughts on this blog.

Posted By: Danielle M