Diversity, equity, inclusion, belonging in are key to healthy business

The National Leadership Summit on Cape and Islands business is offered in Hyannis on Oct. 6. One of the highlights is a panel focused on small businesses. Tara Vargas Wallace, founder and CEO of Amplify POC Cape Cod, provided insight into how the DEI&B workplace – diversity, equity, inclusion and ownership – has become one of the key challenges for the recruitment of talent and all business equal.

Like all other areas of business leadership, owners and managers need to look “outside the traditional box” for recruiting, acquiring, onboarding and managing talent practices.

So what are we talking about?

Diversity in the workplace means having a mix of people working together, living together in a space to accomplish a goal, objective or mission.

We seek equality, which means fairness regardless of visible or invisible characteristics – fairness in behavior, opportunity and opportunity. It means that every employee will have an equal chance to succeed.

Inclusion is a driver of having a good organizational culture. And, it’s the leader’s job to create that culture. It means that employees feel that they are respected, accepted, respected and heard. When there is a culture of inclusion, employees are encouraged to share their voices in an inclusive environment.

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Acquiring depends on receiving acceptance, attention and support from other members of the work group. It coincides with.

Why should leaders of small businesses struggling to reach their financial goals and objectives care about DEI&B as part of their organizational culture? It’s easy because it makes sense.

It promotes business growth. McKinsey research shows that organizations with gender, cultural and ethnic diversity are more diverse than those that are not. Members in the highest proportion of non-gendered genders account for 21%. And those with different ethnic and cultural backgrounds are 33% more likely than those without.

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Promotes innovation and creativity. Having employees with different backgrounds and perspectives creates innovation and creativity because they bring different ideas and experiences to the table.

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Promotes brand name. Organizations that promote diversity are seen as philanthropists in society. The value of this brand becomes a shared value that increases the positive impact of the business as a whole. It also promotes morale while advocating justice and compassion.

Organizations that incorporate and practice DEI&B principles also see their organizations make better decisions because the staff who help make those decisions have different experiences and knowledge they bring. in the system. These companies attract high-quality candidates since today’s job seekers are looking for companies that adopt DEI&B principles, promote employee engagement because they feel empowered. , and reduced turnover reduces the process of recruitment, employment and training.

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DEI&B is about creating a workplace where everyone feels welcomed, respected, and valued. It’s about creating an environment where everyone can succeed, regardless of background or identity. And, it all starts with the leadership of an organization that creates a culture of inclusion by engaging in treating everyone with fairness and respect, having the courage to make changes, and being independent. and learning to make the right and appropriate decisions. being a life-long learner by seeking the ideas of others to gain different options, to be interested in cultures other than your own, and to be more collaborative by bringing together diverse groups and making how good it is to engage in conversation.

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Leaders make a difference by promoting diversity and sharing ideas by managing teams to encourage team members, risk taking and open debate. When “the word is walking” by the management despite the small company, the members will follow and change will take place.

Contributed by Marc L. Goldberg, Source: “Winning the War on Talent at DEI&B”, Tara Vargas Wallace, Founder & President, Amplify POC. [email protected], Creating a Culture of Inclusion, SCORE, March 11, 2022.

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