fact sheet
True diversity in the workplace
Achieving true workplace diversity and inclusivity entails building a workforce that encompasses individuals of diverse genders, ages, religions, races, ethnicities, cultural backgrounds, sexual orientations, languages, education levels, and abilities.
Diversity in the non-employee workforce
Workforce diversity is of growing importance to all organizations. This is not just because it’s the right thing to do. It’s also because inclusive companies perform better. According to a report by McKinsey & Company, racially, ethnically, gender, and ability-diverse companies perform 35% better, are 87% better decision making, and are 40% more likely to have higher revenue.
Workplace diversity can take your company culture
and your business results to a whole new level.
Contingent workforce diversity
While employee diversity is a must, the non-employee workforce also has a significant role to play. A well-managed contingent workforce program can quickly and positively impact your company’s inclusivity goals.
There is no faster way to expand and diversify a company’s talent pool than through the organization’s contingent workforce.
Benefits of workplace diversity
Here are 10 advantages of having a more diverse and inclusive workforce:
| 1. | Different perspectives: Based on a variety of backgrounds, skills, and experiences. |
| 2. | Increased creativity: People who see the same thing in different ways form a melting pot of fresh, new ideas. |
| 3. | More innovation: Multiple perspectives and worldviews come together in novel ways, opening doors to innovation. |
| 4. | Faster problem-solving: Harvard Business Review found that diverse teams solve problems faster than cognitively similar people. |
| 5. | Better decision making: An online decision-making platform found a direct link between workplace diversity and improved decision making. |
| 6. | Higher profits: McKinsey found that companies with more diverse management were top financial performers. |
| 7. | Higher employee engagement: A Deloitte research study reported that diversity and inclusion lead to a greater sense of engagement. |
| 8. | Reduced turnover: Diversity and inclusion cause workers to feel accepted and valued, making them happier to stay longer. |
| 9. | Better company reputation: Companies dedicated to building and promoting diversity are seen as good, more human, and socially responsible. |
| 10. | Improved talent sourcing: Diversity boosts a company’s employer brand as a more desirable, inclusive place to work. |
How Beeline Extended Workforce Platform supports diversity
Beeline supports leading companies, including FORTUNE 500® and Global 1000 enterprises, in their diversity initiatives to help attract and retain a diverse talent population. To further this goal, Beeline has strategically partnered with diversity suppliers and diversity-focused consulting services firms.
In alignment with our strategic partners, Beeline is developing technology to best enable our clients’ diversity and inclusion strategies. Through capabilities such as Direct Sourcing, Reporting and Analytics, and Supplier Tiering, and our customer-first mindset and service approach, Beeline Extended Workforce Platform technology can make the critical difference to ensure that your diversity goals are realized.
Take advantage of these features to start incorporating diversity into your contingent workforce program today:
- Implement minority & diversity supplier designation
- Utilize accessibility mode
- Hide candidate names
-
Incorporate a diverse supplier strategy
- Supplier tiering for diverse-supplier focus
- Partner with diversity suppliers such as Consciously Unbiased and The Mom Project
- Create diversity-focused talent pools with direct sourcing
- Track diversity metrics for race, gender, ethnicity, disability, marital status, and veteran status
- Minority, Women, or Disabled Veterans Enterprise (MWDVE) reporting
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Tracking suppliers monthly to see if they are moving the bar in the direction of your diversity and inclusivity initiatives
- Use this data to determine if any different strategies need to be focused on
Schedule an in-depth discussion of diversity
in your contingent workforce program.