Businesses that commit to and implement diversity policies are more likely to retain a committed and satisfied workforce (resulting in improved performance and profitability), as well as harness a valuable lever for innovation and growth.
Many businesses in Australia have diversity compliance and reporting responsibilities as part of their requirements to anti-discrimination legislation. But having an effective diversity and inclusion strategy and policy is not just about compliance.
Effective policies can help protect businesses from costly litigation and compensation claims, potential reputational damage as well as unwanted staff turnover.
A reputation for having a diverse and inclusive workplace enhances your business: talented employees are attracted and want to stay and a broader range of customers and suppliers opens up new markets and opportunities.
Is your organisation just getting started on diversity or developing your first diversity and inclusion strategy? Or perhaps you need to update your current diversity policy?
DCA’s top ten tips for writing or updating a diversity policy or strategy will help you do just that.