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Strategic Diversity: Using May as a Catalyst for Innovation and Growth

  • mmastroddi
  • May 2, 2024
  • 2 min read



Research consistently shows that workplace diversity significantly enhances business outcomes. A McKinsey report highlights that Canadian companies with ethnically diverse executive teams are 33% more likely to see better-than-average profits. This May, as we engage with Asian, Haitian, and Jewish Heritage Months, alongside Mental Health Awareness Month, we offer in-depth insights to authentically integrate these observances into your corporate culture.


Cultivating Awareness and Appreciation: Specific Observances


  • Asian Heritage Month: Since its official declaration by the Canadian Senate in 2002, Asian Heritage Month has been a time to celebrate the long and rich history of Asian Canadians and their contributions to Canada. For example, the construction of the Canadian Pacific Railway, heavily reliant on Chinese laborers, was a pivotal event in Canada's history, fundamentally shaping the nation's physical and social landscape. Events and discussions during this month can deepen understanding of the Asian community's diverse impact on Canada's development.


  • Haitian Heritage Month: This observance celebrates the historical and cultural contributions of Haitian Canadians, a community known for its vibrant art and resilient spirit. The 2010 earthquake in Haiti prompted a significant response from Canada, leading to an increase in Haitian immigration and a strengthening of community ties within Canada. Recognizing their contributions, especially in arts and culture, highlights the enduring strength and creativity of the Haitian community.


  • Jewish Heritage Month: Established in Canada in 2018, Jewish Heritage Month is a time to acknowledge the profound contributions of Jewish Canadians. Notable contributions include the establishment of institutions such as Mount Sinai Hospital in Toronto, founded primarily by Jewish immigrants and becoming a world-class medical institution. This month also serves as a reminder of the importance of understanding the impact of antisemitism, fostering a respectful and educated community.


  • Mental Health Awareness Month: Canadian Mental Health Association reports that 1 in 5 Canadians experience a struggle with their mental health each year, with an estimated economic impact of $51 billion annually. By implementing supportive workplace policies such as flexible work hours and mental health days, companies can significantly improve employee well-being and productivity.

 

Engaging and Educational Strategies for a Diverse Workplace


  • Expert-Led Panels and Discussions: Throughout May, try hosting panels or expert led discussions featuring historians and cultural experts who can delve into the historical contributions and current significance of each heritage group, providing a broader understanding for all employees.


  • Personal Narratives and Storytelling: Encourage the sharing of personal stories from employees who identify with these communities. This can powerfully illustrate the human aspects of these observances, building a workplace culture rooted in empathy and mutual respect.


Why This Matters: The Imperative of Inclusive Practices

Diversity is not just a metric to aim for; it is a strategic necessity. The Boston Consulting Group found that Canadian companies with diverse management teams see a 19% increase in revenue due to innovation. This highlights the direct impact of inclusive practices on a company’s bottom line and its competitive edge in the marketplace.


Join Us: Global Learning's Commitment to Inclusive Excellence

Embrace these cultural observances with us this May. Global Learning is dedicated to guiding your company through the integration of tailored DEIB strategies, enhancing both your internal culture and your position in the market.

 
 
 

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