Why invest in Diversity Training?

What you see depends upon what you are looking for...

• • • • • •

cultural competence in healthcare

diversity training and consulting

diversity training

cultural competence

Why Invest in Diversity Training?

Why do so many Fortune 500 corporations invest in diversity training?

Top companies say diversity initiatives have a direct impact on the bottom line and help an organization keep a competitive edge, according to a survey released by the Society for Human Resource Management (SHRM) and FORTUNE magazine (June 2001). The SHRM®/FORTUNE Impact of Diversity Initiatives on Bottom Line survey gauged the extent of corporate diversity initiatives. It included the responses of 121 HR professionals from FORTUNE 1000 companies and companies on FORTUNE magazine's list of the 100 Top Companies To Work For.

The majority of respondents said diversity initiatives have impacted the company's bottom line in several positive ways. For example, 79 percent said it improves corporate culture, 77 percent said it improves recruitment of new employees and 52 percent said it improved client relations. The majority of HR professionals (91 percent) also said that diversity initiatives help their organizations to maintain a competitive advantage. (See table below.)

HOW DIVERSITY INITIATIVES HELP ORGANIZATIONS MAINTAIN A COMPETITIVE ADVANTAGE

Response	Percent Responding
Improves corporate culture	83%
Improves employee morale	79%
Higher retention of employees	76%
Easier recruitment of employees	75%
Decreases complaints and litigation	68%
Increases creativity	59%
Decreases interpersonal conflict among employees	58%
Enables the organization to move into emerging markets	57%
Improves client relations	55%
Increases productivity	52%
Improves the organization's bottom line	49%

Source: SHRM/FORTUNE Survey on Impact of Diversity Initiatives on the Bottom Line. June 2001

Learn why you should invest in diversity training. Join Now!