9 Benefits of DEI (Part II)

Hello Doctor E. Here. Hope you are doing well. This is part two of the series nine benefits of Dei. As I alluded to earlier, I believe Dei is important for a number of reasons, some of which we hear all the time in terms of increasing revenue, enhancing our customer bases, and all of those other kinds of things. These nine benefits, I think, are more on the micro level, although they have macro impact. They kind of function, in my humble opinion, as the nuts and bolts or kind of the ground level workings of Dei, which I think are so significant.

So I think I'll pick right up where I left off with the fifth benefit of Dei, which is DEi or diverse workplaces, breed innovation. If you have homogeneous work staffs or work teams, chances are you are going to have consistency of thought, consistency of experiences, represented by consistency of perspectives. If you want to become more innovative, if you want to become more adaptable, then you have to have diverse workplaces and work teams, and Dei can lead to that. Number six would be along with that innovation.

You have to have different forms and a willingness to input. If you have diverse workplaces and work teams, and they see that their voices and that their perspectives are valued, that will lead to them providing and giving and wanting to give input. And so inclusion can improve all of the willingness associated with wanting to contribute and wanting to share, because there's value and there's reception and there's input that staffers and teams are seeing on full display. Number seven would be it can tackle workplace burnout.

A survey found that 80% of employees recently felt workplace stress. 80%. And since we are living in a time of healthiness and well being, both mental and emotional, how you actually model that to your staff and to your organization and to your teams is very important. And equity and inclusion can tackle some of that workplace burnout. Number eight, in my humble opinion, actually is on that macro level in terms of providing and contributing to a competitive business advantage. I don't like emphasizing or focusing solely on the business advantage because I think that takes away from the culture setting and the culture tone that also Dei benefits.

But I also want to recognize that how folks make profits and profit sharing and business advantages are also very important, or otherwise you really wouldn't be in business, right? And so when you think about the business advantage or the people advantage, there is a movement where folks not, they just don't want to have a job. They want to feel value and they want to know that there's a purpose with that job. And so how you are able to share and provide that space for your employees to feel that you reflect their values can be huge, huge, huge way to model through DEi.

And that can happen in a number of ways. But research shows that 33% of people are more likely to outperform their rivals and profitability when the organization that they're working for reflects their values. And then finally, DEi protects your company culture. I can't say enough how culture is important. I believe, and it's been said, that culture eats every form of strategy. So if your culture is one of welcoming, if your culture is one of belonging, if your culture is one of valuing and validating and affirming all of your employees in a true reflection of diversity, equity and inclusion, I believe your organization has a pillar with which to build and to move forward.

So those are the final five benefits of DEI. Innovation, improved decision making from a willingness to input, tackling workplace burnout, competitive business advantage that reflects values of the people who are working in that company and organization, and protecting company culture. If you keep those five things in mind with the additional four from the first video, I think you'll understand and see the benefits of DEi. Thanks so much and I'll see you soon.