Global companies in the top quartile for racial and ethnic diversity or gender diversity are 35% or 15% more likely to have financial returns above their national industry medians, respectively. Yet only 55% of companies in the United States report racial diversity as a top priority, and only 4% use blind resume reviews. Additionally, for every 1% rise in U.S. workforce ethnic diversity, there is a 9% rise in sales revenue, and for every 1% rise in gender diversity, there is a 3% rise. However, barriers to career advancement are still more severe for women, and women earn less than men: in the United Kingdom, for example, women’s earnings are only 80.2% of men’s. Moreover, diversity extends beyond gender and race to socioeconomic background, physical ability, gender identity and other factors. Yet many organizations do not consider this; for example, in industrialized countries, 50-70% of persons with disabilities of working age are unemployed, and 35% of LGBT employees in the United Kingdom hide that they are LGBT at work in fear of discrimination.
What are the best ways to increase community health, and increase health for everyone regardless of ethnicity, race or gender? Promote an equitable culture and promote diversity and inclusion.
Addressing diversity in the workplace is complex and touches upon all of an organization’s operations, including hiring practices, determination of salary and wages, workplace culture and organizational structure. Projects that promote diversity in the workplace and espouse fair, equitable and just treatment toward their workforce through measurable actions drive both profit and positive culture, by reducing employee stress and increasing employee satisfaction and loyalty. It is necessary to promote an equitable culture and promote diversity and inclusion to increase community health.
Providing equal & affordable access to comprehensive health services supports better individual and community health outcomes, reducing health disparities and overall healthcare costs. Give all individuals an equal opportunity to live the healthiest lives possible, whatever their ethnic, geographic, racial, socioeconomic or physical circumstances happen to be.
Article Reference: IWBI
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