Is Diversity Back?

Hit by the Recession and budget cuts, many companies nudged diversity to the bottom of their priorities list. But now, as the economy slowly rebounds, many big businesses are taking steps to ensure the strong presence of minorities and women at work.

“Diversity is the crucial source of ideas,” Christal Morris, who works in Diversity for a Top 4 accounting firm, tells PINK. “When Diversity is done right, there will always be a direct positive impact to the bottom line!” 

How are businesses keeping diversity on the radar?

Companies like Ernst & Young have created a Balance Scorecard to increase diversity that “aligns business and financial goals with goals for the growth and development of our people and culture.”

In good times and bad, smart managers realize that broader service range, a variety of viewpoints and increased adaptability are just a few of the advantages a more diverse workplace brings. To ensure a smooth transition, experts suggest using diversity training, having an attitude of openness among your team and involving all team members in the process of diversifying.

When looking for a job at a company that practices diversity, look for signs like partnerships, programs and mission statements. 

Bonus PINK Link: Want to take diversity to the next level? Find out how your company can achieve maximum diversity.

Minute Mentor: Marsha Johnson, SVP HR & Chief Diversity Officer of Southern Company, talks with PINK about how embracing diversity can help your success as a leader.

By Caroline Cox

“Diversity makes for a rich tapestry, and… all the threads of the tapestry are equal in value.” Maya Angelou