Enhancing the ability to compete

Improving your company perception among customers: Like the workforce, the demographics of your customers are changing. Customers want to do business with companies that have a diverse workforce. In addition, customers often make decisions based on a company's reputation for diversity. In the global arena, having a culturally diverse workforce helps the company understand the culture, language and business style of international customers.

Enhancing the supplier base: A focus on diversity in your supplier base will result in costs savings as competition among suppliers brings down costs. Supplier competition also encourages innovation. In addition, customers and business partners expect a company to have a robust and diverse supplier base. Without one, a company may lose customers to a competitor with a stronger commitment to supplier diversity.

Strengthening Equal Employment Opportunity/Affirmative Action (EEO/AA) performance: Federal, state, and local governments require contractors to meet EEO/AA requirements just to qualify as bidders. A robust diversity effort helps companies meet and exceed these requirements and win lucrative contracts.

Improving the company's reputation within the community: A robust diversity effort enhances the reputation of the company among all of the diverse groups within the community.

This toolkit is provided for informational purposes only. It is not intended to replace legal, compliance, or other professional advice. TWP assumes no liability for the use of this toolkit.
Web-based Leaders' Toolkit, © Copyright, 2002. Technology Workforce Partners. All Rights Reserved. Technology Workforce Partners was a consortium of high technology companies that worked collaboratively on diversity issues in the workplace from 1995-2005.