Diversity in the Workplace
Australia is one of the most culturally diverse countries in the world. We come from more than 200 countries and speak 300 languages. One in five Australians speak a language other than English at home, and one in five of us has at least one parent born overseas.
Our workplaces are naturally a representation of our culturally diversity, and there is a very strong case for embracing cultural diversity in the workplace.
The benefits of a culturally diverse workforce for businesses and employers are extensive and include:
A better bottom line: Companies that drive innovation by leveraging the ideas and knowledge of their diverse employees meet product revenue targets 46% more often and product launch dates 47% more often than industry peers. (Source: Diversity Council Australia 2013)
Higher levels of innovation and creativity: A study by the Victorian Equal Opportunity and Human Rights Commission & Deloitte, November 2012 surveyed 1550 employees in three major Australian workplaces. Findings show employee innovation levels increased by 83 per cent when they felt included in the workplace.
Reduced absenteeism: the more included an employee feels, the more likely they are to be at work.
A healthier and more inclusive work environment demonstrating greater respect for employees and their contributions.
The ability to expand beyond traditional markets and open up new business networks using the expert knowledge of the communities it represents. (Source: 2013 Federation of Ethnic Communities’ Councils of Australia FECCA).
“A culturally diverse workforce is essential for organisations that want to attract and retain the best talent, foster an ecosystem of innovation, remain relevant to their clients and capitalise on the many opportunities that exist for Australian businesses in the Asia Pacific.” (Source: PwC 2013)