What is the Difference Between Diversity and Inclusion?

Let’s learn more about Diversity and Inclusion:

Diversity is about the representation or the make-up of an entity. Inclusion is about how well the contributions, presence & perspectives of different groups of people are valued & integrated into an environment (Bush).

Related: What are the key benefits of using economic order quantity in supply chain management?

What are diversity and inclusion in the workplace?

A workplace that is diverse and inclusive makes everyone, regardless of their beliefs, sexual orientation, etc, feel equally involved and supported in all areas of the workplace. Does your business have diversity in all of your departments? Are there women in leadership roles in your company? Do you have people of color in your business, but all of them are in the same department?

Related: Impact of Working From Home Within Supply Chains

Why are diversity and inclusion important in the workplace?

Research has shown the impact diversity and inclusion have had in the workplace:

• Higher revenue growth
• Greater readiness to innovate
• Increased ability to recruit a diverse talent pool
• 5.4 times higher employee retention

If employees don’t feel like they are being heard, or if their work is not being recognized by the company, they will leave. Research on company culture has shown that when employees feel trusted by the company, they are:

• 9.8 times more likely to look forward to going to work
• 6.3 times more likely to have pride in their work
• 5.4 times more likely to want to stay a long time with the company

Related: The Impact of Supply Chain 4.0

What is an inclusive workplace?

The diversity that lacks genuine inclusion is often called “tokenism.” An inclusive workplace doesn’t just have a diversity of people present, it has a diversity of people involved, developed, empowered, and trusted by the business (Bush).

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