Diversity and inclusion have become increasingly important topics in the Australian workplace in recent years. The Australian workforce is becoming more diverse, with an increasing number of people from diverse backgrounds, cultures, and ethnicities. According to the Australian Bureau of Statistics, almost half (49%) of the Australian population were born overseas or have at least one parent who was born overseas.
Meanwhile, gender diversity is also improving in Australian workplaces, with more women in leadership roles than ever before. The employment of Indigenous People is increasing also, with many companies setting targets for Indigenous employment and engagement despite significant barriers to employment, including discrimination, lack of education and training, and geographical isolation.
Disability inclusion is enhancing, with more companies adopting disability employment targets and providing accommodations for employees with disabilities. Inclusion is becoming a business imperative. Many companies recognise the benefits of diverse and inclusive workplaces, including improved productivity, creativity, and innovation. Many companies are also recognizing the need to address unconscious bias and provide training and support to promote cultural awareness and respect.
Increased Creativity and Innovation
A diverse workforce can bring a range of perspectives and experiences to the table, which can lead to increased creativity and innovation. According to a study by Deloitte, companies with diverse teams are 1.7 times more likely to be innovation leaders in their industry. This highlights the significant impact that diversity can have on a business's ability to innovate and stay competitive.
Improved Decision-Making
A diverse workforce can also lead to improved decision-making. When employees with diverse backgrounds and experiences work together, they can bring a range of ideas and insights to the decision-making process. According to a report by McKinsey & Company, companies with diverse executive teams have a 21% higher likelihood of outperforming their industry peers in terms of profitability.
Better Customer Service
A diverse workforce can also lead to better customer service. According to a report by the Australian Human Rights Commission, a diverse workforce can help to "better understand the diverse needs and expectations of customers and clients and communicate with them more effectively". This can lead to increased customer satisfaction and loyalty, which is essential for business success.
Increased Employee Engagement and Retention
A diverse and inclusive workplace can also lead to increased employee engagement and retention. When employees feel valued and included, they are more likely to be engaged and motivated. According to a study by the Australian Institute of Management, companies with diverse and inclusive workplaces have higher employee engagement and retention rates than those without.
Positive Company Culture
Finally, a diverse and inclusive workplace can lead to a positive company culture. When employees feel valued and included, they are more likely to work collaboratively and support one another. This can lead to a more positive and productive work environment, with higher levels of morale and job satisfaction. According to a report by Deloitte, companies that prioritize diversity and inclusion have a 69% higher likelihood of being able to retain employees.
Diversity and inclusion are essential aspects of any successful business. A diverse workforce can bring increased creativity, improved decision-making, better customer service, increased employee engagement and retention, and a positive company culture. By prioritizing diversity and inclusion, Australian businesses can reap the many benefits of a diverse workforce and stay competitive in a rapidly changing world.
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About Northbridge
In 2010, Northbridge came to life with a vision to revolutionise workforce solutions in Australia, inspiring transformative growth in the ever-evolving recruitment industry. Our mission was clear - to be the spark that ignites profound change for all our stakeholders.
Our foundation is built upon the pillars of diversity and collaboration, recognising them as the cornerstones of success. We've cultivated a profound understanding that paves the way for transformative journeys for all stakeholders and ensures the fulfillment of our purpose. Quality is at our core, responsiveness to your needs is our commitment, and we empathize with your motivations, no matter the context in which you find yourself today. Our organisation revolves around a set of unwavering values - passion, inclusivity, and evolution.
Our solutions cover Permanent Recruitment, Contract, SOW and Temporary Staffing, Labour Agreement - On-Hire, Payroll Management, and IT On-Demand.
For remote and other opportunities, you may visit our job's page.
