Diversity matters

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picture: pixabay.com

A father and his son are in a car accident.

Tragically, the father dies at the scene; the son needs a surgery and is rushed to the hospital.

At the hospital the surgeon looks at the boy and says “I can’t operate, he is my son.”

How can this be?

I give you a few seconds to think, so how can it be; any ideas now?

I have told that story now to hundreds of people and only up to 10% get it right. Others start to think, that the man in the car didn’t know that he isn’t the real father, or similar.

Back to the question; have you made up your mind and decided what the answer to this riddle is?

Yes, you were correct if you guessed that the surgeon was this boy’s mother.

Congratulations, if you were correct. And sorry, if you didn’t guess the right answer. One reason, why you didn’t get it right was that you assumed that the surgeon was a man (though I never mentioned that). This kind of thinking happened because of the stereotypical thinking. Doctor, including Surgeon, is one of those stereotypical jobs; when we say doctor we automatically think that the person on that role is a man.

This is a great ice-breaker-riddle that I ask from people when I need to talk about recruitment or diversity. I hope I made you think 🙂

So now to the main topic: let’s talk firstly about leadership teams. I have now an exercise to you. I’d like to think about your company’s leadership team: who are the people in this team, what is their gender, age, or nationality?

I love this part, so read carefully – there are different studies which indicate that there is a direct correlation between the diversity of your leadership team and your company’s productivity. For instance, this one study by ISS and proacteur (based on data collected by PwC) found that “Companies with the most diverse management teams have an operating profit margin of 12.6 percentage points more than the companies with the least diverse management teams

Hence, in case you want to earn more, then one possibility to do this is to create diverse management team.

I am not saying that you need to lay off your people and create diversity quotas just because of that. I am just saying: be open-minded, do not let gender, age, race, disability or something else limit you.

But additionally to higher earnings there are also other benefits related to diverse workforce. For instance according to Korn/Ferry Institute: diverse teams are believed to be more engaged. At least this is something that 96% of executives believe.

Another thing related to the benefits of diverse workforce that I’d like to point out. In case you are struggling with recruitment, then diversity is one factor that gives you an edge when recruiting.

Glassdoor polled its active and passive job seekers to understand the importance of diversity in recruitment process. As a result they found: 67% of respondents in the survey found that diversity in workplace is an important factor when evaluating companies and job offers.

And one more point that I want to make. A Survey conducted in conjunction with the Victorian Equal Opportunity, Human Rights Commission and Deloitte, revealed that diverse workplaces create happy workers.

 

As you see, diversity matters. There are several positive outcomes when we are talking about diversity in workplace; such has happy employees, higher earnings, higher employee engagement and positive influence when attracting candidates.

 

What is your experience with Diverse Workforce? Leave your comments, I am eager to learn your thoughts!

 

Articles used in this post:

http://www.publications.issworld.com/ISS/External/issworld/White_papers/Diversitymanagementprovideshigherearnings/

https://www.kornferry.com/press/15143/

https://www.glassdoor.com/press/twothirds-people-diversity-important-deciding-work-glassdoor-survey-2/

http://www.dynamicbusiness.com.au/hr-and-staff/report-on-diversity-in-the-workplace-reveals-happy-workers-17012013.html

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