The Business Case For Diversity & Inclusion

Decent Essays
The Business Case for Diversity & Inclusion is a strong one. Competition for talent in the current recovering economic climate is robust. It’s imperative for Insurance Companies and their HR departments to maximise talent and be proactive in attracting the best talent from a diverse pool of candidates, who also create beneficial inclusive workplaces.
Insurance Companies should:
 Communicate their plans for change and commitment to Diversity & Inclusion.
 Educate employees and executives on the importance of Diversity & Inclusion so they understand the impact of unconscious bias on their business and on others.
 Demonstrate a shift in attitudes, cultures, and working practices that reflects gender and ethnicity.

Related Documents

  • Improved Essays

    I should reconsider my career choice of a chief diversity officer. The article, Experiences of Women of Color University Chief Diversity Officers (Nixon, M. L., 2016) uncovered the immense pressures both personally and professionally that women of color face in their quest to serve as catalyst for diversity in institutions of higher learning. The qualitative study conducted semi structured interviews with five women of color and to determine if the equities experienced relating to being chief diversity officers were a result of their race, gender or an intersectionality of both. The article explores the idea that these women often were in roles of leadership, by virtue of title, however their social identities as women of color and profession isolated them to being outsiders to the institution as a whole (Nixon, 2016). Women of color are more likely to be appointed chief diversity officers, however these tend to be token appointments with minimal authority and extraordinary performance standards.…

    • 661 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Equality is shorthand for equality of opportunity, it does not provide anyone with an advantage or equal treatment, but rather aims to put everyone on roughly equal footing for things such as pay, accessibility to documentation and advancement. Diversity is the term used to describe having a workforce of people from various backgrounds, ages, cultures and genders, among other things. Inclusion is taking action to promote diversity within an organisation or community; this is generally achieved by presenting the organisation as a diverse place that is accepting and respectful of personal differences. AC1.2: Explain the impact of equality, diversity and inclusion across aspects of organisational policy The major thing to keep in mind with equality and diversity is that pregnancy is the one protected characteristic that can be positively discriminated…

    • 808 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Activity 1 Introduction In this report I will discuss factors that affect an organization’s approach to both attracting talent and recruitment and selection. My report will also include some recruitment methods and its advantages. Benefits to the Organization of attracting and retaining a diverse workforce. Currently, an increasing number of organizations are attempting to enhance inclusiveness of underrepresented individuals through proactive efforts to manage their diversity.…

    • 841 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Have you ever imagined yourself working in an office and your colleagues are all from different countries and with different cultures? Actually most of the people have different feelings about diversity in the work place as not all of the people are adapted to deal with people with different mentalities and habits. Some people think that it is very useful as it is make a successful and highly functioning work environment; however, others think that diversity in the work place is useless and uncomfortable to those who can't adapt with diversity. People who support diversity in work places and believe in its great importance claim that having a diverse workplace is expanding the knowledge and experience of all that are within that utility. These…

    • 319 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Advantages Of Diversity

    • 945 Words
    • 4 Pages

    Diversity in the workplace is an immense and challenging idea. Diversity quite simply means, to have a variety. To apply diversity to the workplace would be to have a variety of people with different races, ethnicities, genders, and sexualities. In the articles “How Diversity Makes Us Smarter” by Katherine W. Phillips and “Diversity Doesn’t Stick Without Inclusion” by Laura Sherbin and Ripa Rashid, we are given the advantages of diversity and also reminded that inclusion is critical with diversity. These ideas are important because diversity allows for an assortment of ideas and thoughts while inclusion ensures the potential of a diverse workplace.…

    • 945 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Houda, Honestly, I love Pitney Bowes’ method of hiring, everything they’ve done is to help the less fortunate, those who have been rejected by the majority. When it comes to diversity inclusion, Pitney Bowes’ lead the way, and yes, I love their strategies of communication and integrative; not to mention, their constant involvement in the minority communities. They give people hope and as you’ve said, “a sense of belongingness.” Having that sense of belonging only encourages new innovations, better understanding of customer’s needs, and a massive financial gain for the organization. I have to say, Bank of America is another great example of diversity inclusion.…

    • 105 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    McCuiston et al (2004), states that the implementation of policies to promote workplace diversity results in the improvement of the bottom line which ultimately leads to increased competitive advantage; superior business performance; higher levels of employee satisfaction and loyalty. Contemporary scholars concur that having and making use of a diverse workforce has resulted in accrued benefits to organizations (; Stewart and Brown, 2010; Dessler, Mathis et al., 2013 ;). The success of diversity management initiatives is underpinned by embedding equal employment opportunities (EEO) policies in the firm’s business practices. For diversity management to be effective, it should not be aimed at non discriminatory policies that makes provision for…

    • 1380 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    239). Diversity Diversity in the workforce is an important commodity in today’s society. When a company lacks diversity, it misses out on the benefits and opportunities that it would potentially receive if it fully embraced diversity. There are certain solutions that a company should take to help insure that it creates a more diverse workforce. "Difficult goals direct our attention to the task at hand and away from irrelevant distractions," and "lead us to discover strategies that help us perform the job or task more efficiently" (Robins, 2010, p.69).…

    • 569 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Diversity in the workplace allows an organization to explore multiple avenues of reasoning when dealing with work related situations. While several employees may have similar qualities…

    • 377 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Memorandum To: General Motors Leaders From: Gurjot Singh Date: 3/14/16 Re: Outstanding Commitment to Diversity in the Workplace CONFIDENTIAL I would like to take this opportunity to congratulate you, the leaders of GM, for an outstanding job for committing to diversity. As a result of this outcome, all of you have helped satisfy the legal requirements of promoting women and minorities into management positions per the 1984 agreement with the Equal Employment Opportunities Commission or otherwise commonly known as the EEOC. Hiring a diverse workforce shows that you have exceeded expectations that will motivate and help us thrive against the competition from the Germans and Japanese manufacturers.…

    • 500 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    The United States the Securities and Exchange Commission approved rules addressing corporate diversity where publicly held corporations will need to disclose the consideration of diversity initiatives applied in the nomination of board directors. For practical purposes, many of the anti-discrimination initiatives implemented by U.S. corporations must be internally motivated (Collins, 2012). Another initiative is the equal pay for men and women, which has been a critical issue around the world. In January 2009, President Obama signed the Lilly Ledbetter Fair Pay Act to supplement existing pay equity legislation. Under the Act, the statute of limitations in which to bring an equal pay discrimination claim resets after each discriminatory paycheck…

    • 146 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    However, they want to provide equal opportunity for people of all backgrounds to apply and enter the industry on equal standing. The key to multicultural hiring is to expand the search to encompass those that might not fit into the presumed box. Omit Segregationist Hiring…

    • 355 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    The Legislation surrounding equality, diversity & inclusion, Equality Act 2010, offers protection from discrimination on grounds of age, disability, gender, race & ethnic origin, religious faith or belief & sexual orientation. It can have a very large impact on services & organisations as they are responsible for ensuring that needs are met & that individuals we support are receiving the highest quality of care, support & respect. It also offers staff security to know that organisations have an obligation to the standards. Our services must be compliant with the Key Lines of Enquiries & all Legislation must be embedded in all of the policies covering Equality, Diversity & Inclusion. I have many years’ experience in working in Health & Social…

    • 227 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Diversity, justice, and sustainability are all intrinsically connected within our lives. In a sort of linear manner, these values all depend on one another in order to come to fruition. In the journal Endgame, Volume 1: The Problem of Civilization, Derrick Jensen sums up the concept of sustainability and justice quite nicely in relation to revolutionizing civilization. He states that “we cannot hope to create a sustainable culture with any but sustainable souls” (Jensen 190). This can be interpreted to mean that without accepting diversity in a justified and conscientious manner, true sustainability can never be reached.…

    • 797 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Diversity In Organizations

    • 2533 Words
    • 11 Pages

    “Job seekers are drawn to companies with diverse workforces because it is evident that the companies do not practice employment discrimination.” (Johnson, 2016) One of their major benefits is that it helps them to expand their business internationally; “My clients are doing business all over the world, for example; United States, China, Serbia” (Shane King). “A diverse collection of skills and experiences allows a company to provide service to customers on a global basis.” (Greenberg, 2004)…

    • 2533 Words
    • 11 Pages
    Great Essays