Equality in the workplaces can increase employee retention, savings and profits 

Australian organisations that are committed to equality and diversity are attractive to both employees and customers and can improve their bottom-line through savings and increased business.  

Managing Director of Strategic Shift Consulting Melissa Tandy said employees who feel valued and treated fairly are more likely to stay with a company long term, which can lead to lower turnover rates and cost savings for employers. 

Melissa said equality in the workplace has many benefits to both staff and employers. It can help improve morale which can lead to an increase in productivity.  

“When employees feel that they are treated fairly and with respect, they are more likely to be motivated and engaged in their work. This can lead to higher performing teams.  

“A diverse workforce also brings different perspectives and ideas to the table, which can lead to creative problem-solving. 

Staff retention can also positively impact compliance and lower business risk. Longer-term employees are more likely to understand rules and regulations and give a business less exposure to potential issues.  

“Ensuring equality in the workplace is also important for legal reasons, as discrimination and unequal treatment can also result in costly legal battles and damage to a company’s reputation. 

“A company is only as successful as its reputation. Strategic Shift works with Boards and business leaders to create long-term, effective plans which incorporate diversity, inclusion, equality and risk management strategies to help organisations grow successfully,” Melissa said.