Why should you think about inclusive growth in your organisation?

Highlights 

  • In the present contemporary world, development and growth are not merely limited to monetary income.
  • The mainstream work culture needs to include people of all classes, gender, sexual orientation, and physical abilities.
  • Additionally, inclusive growth adds to an organisation’s success.

The world has peddled its way on the path of capitalism. In the current economic system, everything works based on who earns more gets more. However, in this journey, millions of people are left behind, crushed under the shadows of discrimination. Amidst this, the only way to bring change and decrease the wedge is through inclusive growth.

Decoding the whereabouts of inclusive growth

There are two sides to every coin. The years of globalisation, technological empowerment and world trade has showered the world with tremendous growth. However, this growth has led one section of the society to achieve wealth, good living conditions; and the other section has been crushed under the leftovers of the influential sect.

In the case of organisational growth, the success of any organisation is measured through its yearly output. Unfortunately, the majority of people focus on worldly wealth. However, that’s not it. In the present contemporary world, development and growth are not merely limited to monetary income.

The mainstream work culture needs to include people of all classes, gender, sexual orientation, and physical abilities. People shouldn’t be discriminated against on any basis. However, being inclusive doesn’t simply mean non-discrimination. Organisations need to put extra effort to become inclusive.

Additionally, inclusive growth adds to an organisation’s success. For instance, it helps build ethics among employees, creates a better work environment, and helps build healthy relationships between the employee and the employer.

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How can organisations achieve inclusive growth?

There are multiple ways how an organisation can work towards achieving inclusivity.

  • Human resource: Human resource department plays a crucial role to ensure inclusivity in an organisation: employing diverse people, implementing work ethics and code of conduct, allotting efficient training to employees, maintaining labour relations, etc.

Inclusive growthImage source:© Rummess | Megapixl.com

  • Products: Keeping costumes’ needs the top priority is the fundamental principle while moving towards inclusive growth. Inclusivity is not limited to employing people of diverse backgrounds; it also includes interacting with customers with fair means. Therefore, organisations should keep a check on how they are treating their customers for optimum and sustainable growth.
  • Operations management: The next fundamental while building an inclusive system is to ensure that every aspect of the supply chain management is fair to every employee. How the organisation functions are of utmost importance. For inclusive growth, every part of the operations management should be kept in check so that no physical, social, or mental harm is caused to any person involved in the process.
  • Long term governance: The last and the essential aspect is how the company is governed. It is the duty of the top-level management to frame policies that are equitable and ensure the development and growth of employees of all levels.

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Bottom line

Inclusive growth is beneficial for both society and company. However, in the present contemporary world, the work model is such that social development cannot thrive without monetary growth and vice-versa. Thus, to ensure wholesome growth, organisations need to ensure that they are playing their part fairly in building a society that provides equitable opportunities to all irrespective of their caste, creed, gender, and race.

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