Numerous researches agree that teams can be more productive than individuals, as long as they are made up of individuals with different cultural backgrounds, professional experiences and complementary skills sets. In today’s highly competitive environment, we need to look beyond putting together teams based on the title, university, etc. and to seek out an opportunity to build a team considering factors such as gender, race, ethnicity, age, levels of experience and skill sets. Nevertheless, we are still finding leaders that fall into the trap of surrounding themselves with people who professionally look like them and have similar experiences, as it feels good and safe.
Teams with diverse cultural background, work experiences and complementary skills can drive success in several ways:
To fully leverage the benefits of diverse backgrounds, experiences and skills, organizations should prioritize inclusivity, open communication, and a culture that values and celebrates diversity. Building a diverse and inclusive team culture allows individuals to leverage their skills effectively and enhances overall team performance.
Analyses by McKinsey & Co. show that companies that are diverse with respect to gender, race, religion, age, physical condition, sexual orientation, nationality and ethnicity are 35% more likely to outperform less-diverse companies. To stay ahead and thrive, companies are investing in inclusion practices. Organizations that make significant expenditures of human and financial capital to foster a culture that embraces diversity gain an edge in talent acquisition, employee engagement and retention, innovation, and customer service. This edge helps to sustain excellence in performance, innovation, growth, and profitability.
A company’s commitment to diversity needs to come from the highest management levels, and should be made highly visible. The leadership should identify the need for a strong diversity culture, and foster cultural change to sustain an inclusive environment.
Building a diverse team and fostering a culture that nurtures diversity requires a thoughtful and intentional approach. Here are some key steps to consider:
Remember that building a diverse and inclusive culture is an ongoing process that requires continuous commitment and effort. By embracing diversity, fostering inclusion, and valuing the contributions of all team members, you can create a thriving environment that drives innovation, creativity, and overall success.
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