Does a company get tax breaks due to good diversity?
Diverse employees bring valuable perspectives. Imagine you have a team of people from all different countries and work experience in different fields like professors and astronauts. Different countries and different industries have different ways of doing things and it’s a good way to get fresh ideas.
You ask the question in a way that I assume you are only thinking dimensions like race, ethnicity, or gender. Diversity is also in the form of experience, background, etc… the more diverse your employee pool, the broader set of insights that can help your org to hopefully make more sound decisions.
When diverse employees file lawsuit against companies for wrongful termination, it's difficult for them to level systemic discrimination as one of the reasons. The payouts can be huge if they can prove there is systemic discrimination.
Diversity is a strength if it’s done in a non-meme way. An interesting example of this happened recently. Someone was trying to sue someone using fabricated documents. Since one of the lawyers has a history with pursuing graphic design, they were able to identity the fact that the font used on the document was not invented when the document was supposedly written. That lawyer got an easy W because they were non trad. Some diversity = interesting anecdotes like this = strength
Understood. But this doesn't answer my question.
No lol, what gave you that idea. A real benefit of diversity is that it expands your talent pool. If a company is made exclusively of one race and gender, it can be less comfortable for anyone else to work there. Lets say the company was 100% white European men. Its far less inviting for Asians, women etc. to join. * the actual gender and race in the example doesn't matter. A company with 100% black women wouldn't be inviting to most people anyway.