In today's globalised world, having a diverse workforce is becoming increasingly important for businesses, especially in the UK, Northern Ireland and Ireland where the ethnic minority populations is growing. According to the UK Office for National Statistics (ONS), the ethnic minority population in the UK was estimated to be around 14% of the total population in 2022. The Northern Ireland Statistics and Research Agency (NISRA) reported that the ethnic minority population was estimated to be around 3.4% of the total population in 2021. In Ireland, the Central Statistics Office (CSO) reported that the non-Irish national population was estimated to be over 15% of the total population in 2022. Not only does diversity promote inclusiveness and respect for all cultures, but it can also bring numerous benefits to an organisation.
One of the most valuable benefits of having employees from different ethnic backgrounds is the diversity of perspectives they bring to the table. These employees bring new and unique ideas to the workplace, leading to increased creativity and innovation. According to a report by McKinsey & Company, companies in the top quartile for ethnic and racial diversity are 35% more likely to
have financial returns above their industry median. By tapping into the diversity of thoughts and experiences, organisation can find new and better ways to solve problems and meet challenges. A diverse workforce can also help organisation find solutions to complex problems, as employees with different backgrounds, experiences, and perspectives work together to bring a wider range of viewpoints to the table.
Another advantage of having ethnic minority employees is that they can help improve relationships with customers from diverse communities. According to a survey by the Institute of Race Relations, over 60% of UK businesses believe that having a diverse workforce has helped them better understand and serve their customers. A report by the UK government found that businesses with diverse employees are 12% more likely to outperform their competitors. A diverse workplace can also give organisation a competitive advantage, as companies with a diverse workforce are more likely to attract and retain a wider range of employees, customers, and partners. Research has also shown that organisation with diverse workforces tend to be more financially successful than those without.
EMEEN Founder & Director Steve Lazars said "The untapped potential of the ethnic minority workforce in the UK and Ireland remains a missed opportunity for the employment ecosystem. EMEEN Network steps in to bridge this gap and unlock the potential to stimulate local economic growth."
Employers are also legally obligated to provide equal employment opportunities, and a diverse workforce can demonstrate compliance with these laws. By valuing and promoting diversity in a workplace, organisation can help ensure that all employees are treated fairly and with respect. A report by the UK's Race Disparity Unit found that diverse workforces can improve employee engagement, motivation, and job satisfaction.
The advantages of having ethnic minority employees in the workplace are clear, especially in the UK, Northern Ireland and Ireland where the ethnic minority populations are growing. By embracing diversity, organisation in these countries can tap into a range of perspectives, improve problem-solving, better serve customers, increase competitiveness, and demonstrate compliance with equal opportunity laws. By valuing and promoting diversity, businesses in the UK, Northern Ireland and Ireland can help build a stronger and more inclusive workplace for all employees, while also enjoying financial benefits and improved employee engagement.
The EMEEN Network is a valuable resource for ethnic minorities in the UK seeking support, guidance, and opportunities in the workplace. The organisation's goal to increase representation and promote diversity in the workplace is commendable, and the fact that it is run by a team of dedicated volunteers highlights its commitment to making a positive impact. By collaborating with employers, government organisations, and other stakeholders, the EMEEN Network is working towards creating a more inclusive and diverse workplace environment for all employees in the UK. Its efforts to unlock the untapped potential of the ethnic minority workforce should be celebrated and supported.
Mr. Steve Lazars professional profile can be found here: