Does your business have a DEI policy?

You may be familiar with diversity, equity, and inclusion (DEI) as a social justice matter, but did you know this type of policy can contribute to your company’s bottom line? Here’s what you should know.

What’s involved
A DEI policy evaluates a culture, workplace, school, or other settings where groups of people come together. Diversity refers to the variety of people and perspectives within a group. Equity involves the effort to ensure processes are fair and impartial. Inclusion pertains to the sense of belonging members may or may not feel.

The goal of DEI policies is to remove any barriers to success individuals may experience while celebrating the differences that make an organization more creative and resilient.

Why it’s important
There are several reasons why organizations are incorporating DEI policies into their business model.

• Corporate values. Many employers are morally obligated to provide an equitable and welcoming workplace to people of any race, age, gender, or ability.

• Improved innovation. Companies must be agile to remain relevant in today’s competitive business climate. The more diverse your team is, the more perspectives you can draw from.

• Desirable work conditions. Organizations must be competitive, not only in their business offerings but also in their appeal to potential employees. An inclusive work culture is more inviting to top-tier talent.

You don’t have to be a large organization to incorporate DEI measures in your workplace. Talk to a DEI or human resource consultant in your area to learn how to make your workplace more diverse, equitable, and inclusive.