Is Affirmative Action Essential?

by | Feb 6, 2023 | Affirmative Action | 0 comments

BY: Juan Gonzalez

 

Affirmative action plans are essential in business because they help to ensure that a diverse group of qualified candidates is considered for employment and advancement opportunities. This can lead to a more inclusive and equitable workplace and a workforce that better reflects the diversity of the broader society. Additionally, research has shown that diverse and inclusive workplaces can lead to improved financial performance and a more innovative and adaptive organization.

 

Having an affirmative action plan in place can help a company comply with federal laws and regulations, such as Executive Order 11246, which requires certain federal contractors and subcontractors to take affirmative action to ensure equal opportunity is provided in all aspects of their employment.

  1. Promoting diversity and inclusion: An affirmative action plan can help a company recruit and retain a diverse workforce, leading to a more inclusive and equitable workplace.
  2. Improving financial performance: Research has shown that companies with more diverse and inclusive workplaces tend to have better financial performance than less diverse ones.
  3. Enhancing innovation and creativity: A diverse workforce can bring different perspectives and ideas to the table, leading to more innovative and adaptive organizations.
  4. Improving public perception and reputation: Having an affirmative action plan in place can demonstrate a company’s commitment to diversity and inclusion, enhancing its public perception and reputation.

Many studies have been conducted on the benefits of diversity and inclusion in the workplace and the positive correlation between diversity and financial performance. Organizations such as McKinsey, Deloitte, and the Center for Talent Innovation have undertaken some of these studies. Additionally, the U.S. Equal Employment Opportunity Commission (EEOC) and the Office of Federal Contract Compliance Programs (OFCCP) provide information and guidance on affirmative action plans and compliance with federal laws and regulations.