{"id":311,"date":"2023-04-17T13:23:25","date_gmt":"2023-04-17T13:23:25","guid":{"rendered":"https:\/\/www.smallbizgenius.net\/?p=311"},"modified":"2024-02-06T07:22:46","modified_gmt":"2024-02-06T07:22:46","slug":"diversity-in-the-workplace-statistics","status":"publish","type":"post","link":"https:\/\/www.smallbizgenius.net\/by-the-numbers\/diversity-in-the-workplace-statistics\/","title":{"rendered":"The Importance of Diversity in the Workplace: Statistics You Should Know"},"content":{"rendered":"\n
Diversity and inclusion are some of the most important policies that can not only improve the working environment and enhance employee engagement but significantly contribute to all other aspects of any business. The benefits are numerous, and we will discuss them as we unveil some of the most interesting diversity in the workplace statistics.<\/p>\n\n\n\n
Being a diverse company means hiring people of different ethnicities, gender, age, religion, etc. Companies that have successfully implemented D&I initiatives are often seen as more desirable for employees due to their broader perspective and the positive attitude they cherish. We have done our research, and these are some of the reasons everyone should embrace diversity.<\/p>\n\n\n\n
(US Bureau of Labor Statistics)<\/p>\n\n\n\n
Based on the report published by the US Bureau of Labor Statistics, in 2020, the unemployment rate for persons with disabilities grew compared to the previous year. In 2019, the percentage of employed persons with disabilities in the US was 19.3. However, those numbers dropped to 17.9 the following year. <\/p>\n\n\n\n
Regarding people without disabilities, the report stated 66.3% of them were employed during 2019, but the numbers decreased to 61.8% in 2020. These rates show that there is still much work to be done to overcome the lack of diversity in the workplace, and statistics will need to include more people with disabilities in the workforce going forward.<\/p>\n\n\n\n
(Deloitte)<\/p>\n\n\n\n
It\u2019s not a secret that the US workforce is aging each year. Research on shifting workforce demographics, conducted by Deloitte, suggests that by 2024 employees aged 55+ will make up 24.8% of the workforce. This might not mean much to you, but it is a severe increase if we go back to 1994 when this percentage was significantly lower, or to be precise, 11.9%.<\/p>\n\n\n\n
The research also projects that the US workforce diversity statistics are about to change and, by 2024, less than two-thirds of the labor force will be defined as \u201cwhite non-Hispanic.\u201d Back in 1994, over 75% of the labor force fell into that category.<\/p>\n\n\n\n
(Pew Research Center)<\/p>\n\n\n\n
Millennials are all those born between 1981 and 1996, and back in 2019, they accounted for over a third of the US labor force. In 2016, the millennial generation surpassed Generation Xers and became the largest population in the US labor force. <\/p>\n\n\n\n
According to research from 2019, Millennials are expected to comprise 75% of the global workforce by 2025. <\/p>\n\n\n\n
(Statista)<\/p>\n\n\n\n