Gender diversity is becoming an important factor for many employees. Not only does it help employees decide whether they want to work for your organisation, but there are also many other benefits that can be derived from making gender diversity a priority in the workplace.
Here are the five benefits of creating a transgender-inclusive workplace that every employer should know about.
- Higher Profitability
Gender diversity can help organisations improve their profitability, according to studies. Evidence supports the idea that gender diversity can have a positive effect on your company’s revenue. Research has shown that companies with the highest gender diversity are more likely to achieve above-average profitability.
- Increased Productivity
Team productivity is also enhanced by gender diversity. A business with a more diverse workforce will find it easier to leverage the full range of talent in the organization. Moreover, a more diverse workforce will allow a business to tap into a wider pool of talent. Companies that do not encourage transgender professionals to join their ranks are missing a large pool of talent and capabilities of the population.
- Innovative Ideas
The ability to identify differences in people makes a business more innovative. Diverse teams bring different perspectives which leads to more innovative ideas. They are also more likely to come up with innovative solutions. In addition, greater profits are associated with gender diversity that allows companies to maximize the intellectual potential of their staff.
- Higher Employee Retention Rates
Inclusive workplaces have lower employee turnover rates, which can translate into significant savings in time and money spent recruiting.
- Better Reflection of Your Customers
Customers come from various backgrounds and have different gender identities. Your customers will be more satisfied if your organization is representative of them.
This means that your team should be made up of people from different ethnicities and gender identities to appeal to diverse clients.