Mission Statement: The business industry is made up mainly of powerful white males. This has to change. There is only a small number of CPAs that are either minorities or women. Which is unfortunate because the more diverse a working environment is, the more likely your company is to succeed and thrive. This has been proven time after time. The more diverse your group is the more ideas and innovation comes to your business, helping it grow and reach new levels. Companies that are more diverse are more likely to have happier employees because they can learn and grow from talking and working with all different types of people. We believe that the current business environment in accounting is not diverse enough and that it is beneficial for companies to be more diverse.
Bowers, T. (2015, March 5). Companies with more women in senior management roles make more money. Retrieved February 8, 2020, from https://www.techrepublic.com/blog/career-management/companies-with-more-women-in-senior-management-roles-make-more-money/
This research points out real life scenarios where companies that have women in higher positions are producing larger numbers. For example, in their studies they found that Fortune 500 companies with more women in charge are 18 to 69 percent more profitable. Their overall analysis concluded that businesses with a more diverse setting were able to solve more complicated business problems, and in turn profit the companies participating.
Discrimination in America: Experiences and Views. (2019, June 12). Retrieved February 10, 2020, from https://www.rwjf.org/en/library/research/2017/10/discrimination-in-america–experiences-and-views.html
In this article, there is a vast amount of data that suggests 92% of African Americans experience dicsrimination in their life. Half of them conclude that it is based on the prejudice of individual people as well as 25% believe that dicrimination problems are based on laws and government policies. Throughout this article, it shows how African Americans experience discrimination thoruhgout various areas of their life. This can include applying for jobs, asking for promotions, or interacting with police. With the use of this article, we can explain how discrimination affects people on the individual level and how it affects them in the workplace.
Goldberg, S., Kessler, L., & Govern, M. (2019, December). Fostering Diversity and Inclusion in the Accounting Workplace. Retrieved from: https://www.cpajournal.com/2019/12/25/fostering-diversity-and-inclusion-in-the-accounting-workplace/
In this article, Researchers talked about the benefits of inclusion and diversity in the accounting workplace and listing the challenges as well. Where diversity can lead to a larger client base while also causing some friction between what millennials and Gen Z employees believe to be the definition of diversity. It also gives statistics of how much workplace diversity is helping and how many people feel that being in a diverse environment has helped improve their motivation. The article also includes tactics to help successfully incorporate diversity into the workplace while giving examples of why replacing gut instinct with objective criteria is the future of accounting.
Hall, A. (2019, June 27). 7 Reasons Diversity and Inclusion is Vital to Your Success: TOG. Retrieved February 10, 2020, from https://theolsongroup.com/diversity-and-inclusion-vital-to-succcess/
Within this article, there is evidence that shows the effect of an effective diverse workplace on individual employees. When there is diversity and inclusion in the workplace, there are mass benefits to both the employee and employer. Such benefits include retainment of employees, increased creativity, happier employees, higher revenues, and greater productivity. As you increase the chances for employees to feel included and a playing part of the purpose of the organization, there is also a higher chance that those same employees will stay longer and help the company’s productivity. Using this article can help explain how diverse workplaces can lead to healthier and happier employees, therefore leading to a better work environment.
Sherbin, S. A. H. M. M. L. (2014, August 1). How Diversity Can Drive Innovation. Retrieved January 8, 2020, from https://hbr.org/2013/12/how-diversity-can-drive-innovation
This article posted by Harvard Business Review focuses on statistical facts on bringing in more women and minorities for company positions. Their research shows how greater diversity leads to more innovation and better decision making. However, in contrast we’re seeing slow growth rates towards more diverse companies through time. Also, making the interesting point that company boards, teams, subsectors, etc. think that adding one woman or minority makes their group or company diverse. The examination and data of this article is noteworthy and will be used within our overall analysis.
Zojceska, A. (2018, December 22). How to Build, Manage and Promote Workplace Diversity? Retrieved from https://www.talentlyft.com/en/blog/article/246/how-to-build-manage-and-promote-workplace-diversity
This article posted by Zojceska talks about tips and ways you could improve workplace diversity. This gives the company some advice on how they can market themselves to current students and future employees. For example, what kind of positions, scholarships they could offer and how they could modify their company website to attract more diverse people to their company. The most important thing this article says is that making a more diverse workplace means not only bringing people of different cultures and different skin colors to the workplace but people of all different backgrounds.
Throughout these articles, there is a large focus on the difficulties minorities and women face in the workplace as well as what diversity brings to the table. The challenges minorities face are often due to companies, employers’ and coworkers’ lack of acceptance or knowledge of how minorities can effectively change the work environment. However, even though there is a high amount of unwelcoming traits companies and their employees divulge into, there is always a way to improve the situation for incoming or current employees. Whether that means cracking down on company policies or simply bringing in a more diverse workforce.
Contributed equally by: Chelsea Chrystal, Brooke Organ, Huy Nguyen, Manny Brar