It is a given fact that future workforce of organizations will be much more diverse than what they are today. Tomorrow’s workforce will include individuals of different genders, ages, races, ethnicities, and lifestyles. Effectively leveraging this human capital will play a large role in companies’ future competitiveness and economic performance.
As a business leader one must look at the business impact of the growing diversity in the workforce.
There are three key impact areas that stand out
1. Firstly, more and more organizations today operate globally than ever before. This will only increase going forward. In this global context when your external stakeholders are diverse it is important for them to see you as an inclusive and diverse organization as well.
2. Secondly, research indicates that a diverse team brings about better creativity and innovation and that their
understanding and response to the needs of a diverse client base is better.
3. Thirdly, there is very good talent available in diverse groups, and there is business benefit in including that talent. For example, you miss on half of the universal talent pool if you don’t focus on gender diversity.
Diversity is not a number game; we should not look at it as a mere metric alone – it has to have a sustainable initiative that stands the test of time. This will only happen if we invest efforts in education, infrastructure and employability.
The long term benefits of inclusion and diversity to the society are known to all. For example – there are 70 million people with disability in India and only 2% educated and 1% employed. So a more inclusive drive will create education and employment opportunities for the balance… and thereby get them to mainstream. Another interesting point to consider is that while an increase in either women’s or men’s income helps children; the benefits are greater when women are the source of the increase.
At Wipro, our inclusion and diversity efforts are focused on persons with disabilities, gender, persons from underprivileged backgrounds and nationality. Our Diversity Council comprises senior leaders from businesses and functions who create the direction and drive in each of these areas. Diversity is a part of our strategic plan, and it is driven with passion and reviewed periodically.
All of this, we believe, is but a beginning. It is not enough. This can only be accomplished if all of us come together, and pledge our support to make us an inclusive society.?