A diverse economy is a strong economy. Businesses that embrace changing demographics reap the economic benefits of a diverse and inclusive workforce. According to the Center for American Progress, the U.S. workforce is undoubtedly becoming more diverse. As of June 2012 people of color made up 36 percent of the labor force. Breaking it down by race and ethnicity, approximately 99,945,000 (64 percent) in the labor force are non-Hispanic white; 24,679,000 (16 percent) are Hispanic; 18,758,000 (12 percent) are African American; and 8,202,000 (5 percent) are Asian. Approximately 4,801,000 people (3 percent) in the labor force do not identify in any of these racial or ethnic categories.
Rebekah Kowalski, VP and Principal Consultant for Strategic Workforce Consulting at Right Management, a ManpowerGroup Company, discusses the importance of workplace diversity. Companies need to send the message of inclusiveness and collaboration and show that they value a diversity of ideas, opinions, beliefs, and backgrounds. Also, companies need to have diverse representation in leadership.