It’s important for small businesses to hire a diverse workforce and foster an inclusive atmosphere as well if they want to maintain top talent. Equity is a virtue in and of itself, but research also shows that diverse teams lead to more innovation and higher employee satisfaction.  

Although small businesses don’t have nearly the same resources as the multinationals, they’re actually better poised to make diversity and inclusion part of their culture from the ground up.

Start early 

In some ways, small businesses are better poised to build more inclusive workforces if they commit to it early, according to Stefanie Johnson, an associate professor at the University of Colorado Boulder’s business school who studies corporate diversity efforts and hiring biases.

“We tend to bring on or hire people who [we] know, who are in our circle,” Johnson said. “But as companies grow, they tend to replicate that and then it gets out of hand. At that point, it’s hard to move the needle on diversity.”

If you focus on diversity and inclusion early on, it’s more likely to be a core part of your company’s culture and it won’t be something you have to rush to fix later on.

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