The Rea Report Summer 2018 | Page 5

By Annie Yoder, CPA, CFE, CFF, director of development, [email protected] (New Philadelphia office) Workplace diversity continues to be a focal point for many businesses and an additional element of a successful workplace is diversity of thought. A key component of diversity is addressing hiring and promotion practices for different races, genders and religions. Additionally, businesses should encourage their unique teams to freely interact and collaborate to reach the common goal of growing the business. What Is Diversity Of Thought? Diversity of thought is based on the concept that a person’s thinking is shaped by their background, person- ality, culture and experiences. Studies show businesses that employ a diverse workforce tend to experience greater diversity of thought because their team members ultimately bring a variety of ideas, opinions and points of view to the table. Why should you embrace diverse thinking in your business? • HEALTHY CONFLICTS. Tre- mendous growth emerges from pressure experienced in productive conflict. Without con- flict, innovation can stagnate. Long-term success comes from healthy conflicts that value and respect diverse thinking styles. • EXPANDED THINKING. Ex- panding your thought process helps you connect with others while facilitating a variety of ideas or solutions. Diversity of thought can also result in a more relatable business and can attract a more diverse group of customers. • PERFORMANCE. Diversity of thought results in more actively engaged employees, which im- proves performance and helps maintain long-term success. • TRUST. A company that values diversity of thought gives em- ployees the confidence to share their opinions in any setting. This trust ultimately allows individuals to connect with those who hold ideals that differ from their own. Is Your Business Lacking? While many leaders see the value of promoting diversity of thought in busi- ness, most businesses continue to fall short in their efforts to adapt. Here are some signs that your business is lack- ing in this particular area: • Leaders throughout the orga- nization seek control and don’t influence their employees. • People are defined by the busi- ness rather than the business being defined by its people. • Employees on all levels aren’t en- couraged to voice their opinions. • The business operates in silos, isolating team members from each other. • Group-think presents itself in decision-making more often than not. How Can You Embrace Diversity Of Thought? Differences of opinions throughout your business can help build a com- petitive advantage. Being a leader of your organization, you have the author- ity to alter how your business operates. Bring diversity of thought to your business with the following actions: • HIRE DIFFERENTLY. Avoid can- didates who don’t align with your business’s culture, but be open to hiring individuals who challenge the status quo. This will open the door to more top talent. During interviews, consider asking candi- dates to describe their definition of a great corporate culture and how they’d solve a business challenge your team is currently up against. You’ll get a sense of whether the individual thinks differently than others in your organization while evaluating if they’re a right fit for your company. • PROMOTE DIFFERENTLY. To re- tain and promote diverse-thinking individuals, use a more team- based performance review structure to create an organizational culture that inspires and empowers employees. • CHANGE MANAGEMENT STYLE. Rather than bringing your team together to try to reach a consensus, take a system-focused approach to business conflicts. A more system- driven team will be more productive, creative and empowered to share their thoughts. Bringing on a more diverse workforce and embracing diversity of thought is proven to have a widespread positive impact on business results. Have you embraced diversity of thought in your business? Email [email protected] to share your results for a chance to be featured in a future article. 5