Wednesday, April 19, 2017

Recognizing the value of diversity and inclusion to attract and retain top talent - VIRGINIA BUSINESS

by  Brian Rountree,
Originally published: April 17, 2017

Now more than ever, companies across the country, in every market and industry, are considering ways to hire a diverse workforce. Companies of all sizes are realizing that their employees aren’t the only ones to benefit; instead, they are seeing the advantages of embracing the different ages, ethnicities, genders and education levels of their employees to create an inclusive, creative and collaborative workplace.

During this time of year, before soon-to-be college graduates enter the workforce, many hiring managers are considering ways to integrate more diverse and inclusive practices. According to the Pew Research Center’s study, Millennials: A Portrait of Generation Next, graduates and millennials, currently entering the workforce, are more ethnically and racially diverse than older employees. In Virginia, minorities compromise more than 40 percent of the millennial population, according to research from the Brookings Institution. 

In fact, based on data from the Virginia Employment Commission on population growth, the Cooper Center research team predicts that younger Virginians in many localities will live in an increasingly diverse society for reasons such as interracial marriage and births among the growing minority population, especially Asian and Hispanic Virginians, and continued immigration. As a result, the level of diversity in the workplace — not only racial and gender diversity — is growing for a few reasons.