Companies are becoming more and more aware of compelling business reasons for enhancing the inclusion and diversity of their workplace. Both these aspects have become important factors that affect the overall image of the company as well as OFCCP compliance. There are several factors that have influenced the rising need for more diversity and inclusion in job postings.
Contractors who wish to work with the federal government should be OFCCP compliant, and they should certify their AAPs to the department. This is an important factor that affects the job postings of federal contractors. These contractors are required to furnish their recruitment data and can be subjected to audits by the OFCCP to check their compliance.
Higher creativity and innovation
A more diverse workforce can create a more innovative organization. In fact, according to studies, inclusive businesses have a 1.7 times higher likelihood of dominating their market in terms of innovation. In a diverse office, employees belonging to different ethnicities and cultures will offer different perspectives. This diverse worldview will help managers understand their target audience in different countries around the world making it easier to capture these markets. Having a wide range of unique viewpoints can also be advantageous when you are planning to develop and implement a new business strategy.
The link between gender diversity and better business results is also well-established. Companies with female board members outperformed those with all-male boards in terms of average growth and ROI, according to the Credit Suisse Research Institute.
Decreased employee turnover
Employee retention is another area that highly benefits from diversity and inclusion in workplaces. Organizations with a diverse workforce are typically more accepting of different personality traits and viewpoints. All workers have a sense of acceptance and value at work when there is inclusion and diversity. Employees will also be happier at work and remain with a company longer when they feel valued and accepted. Being more inclusive in job postings and being OFCCP compliant will show your present employees that you value everyone equally resulting in decreased employee turnover.
Attract new talented employees
Skilled and accomplished workers now look for inclusive and diverse workplaces where they can use their expertise and grow professionally. By making your OFCCP-compliant job postings show inclusivity and diversity in your workplace, you can easily attract a pool of talented prospects to your organization. This will help you in taking your business to new heights.
Improved company reputation
The brand value and reputation of an organization can increase significantly when it publishes OFCCP-compliant job postings and showcases inclusivity in its workplaces. Organizations that are committed to fostering diversity in their offices are regarded as being better, socially responsible, and more humane. It can also help you foster connections with other stalwarts in the business and even help you enter new markets worldwide.
Diversity and inclusion in the workplace give your business a more impressive appearance. You can showcase your commitment to creating a diverse workplace by making OFCCP-compliant job postings. It also helps you in improving the innovation, performance, and ROI of your business in the coming years.