APRIL 202319·Plan: Having a plan based on the measurable DEI data that outlines the challenges and opportunities of the organization will help effectively manage time and resource.·Execute: After the plan being built on data, execute the plan.Why DEI is Important for SMEs in India: Small and medium-sized companies in India face several challenges when it comes to implementing DEI initiatives. For one, many SMEs lack the resources and expertise to develop and implement effective DEI programs. Additionally, some SMEs may be reluctant to focus on DEI, believing it to be a low priority or unnecessary for their business. However, there are several reasons why SMEs in India should prioritize DEI. India ranks high in diversity, equity, and inclusion awareness. Eighty-nine percent Indians are familiar with the term, according to the study, which also says 90 percent of respondents expect companies to act and communicate about DE&I. A diverse, equal and inclusive culture is imperative for a business to continue to thrive because it puts its people at the heart of its operation. When people feel valued and included, they are more likely to flourish at work. More diverse teams lead to better business outcomes. Diversity will also boost the reputation and brand of a business in line with an increasingly globalized working world.Firstly, having a diverse and inclusive workforce can improve the company's reputation and attract a wider range of customers and clients. Secondly, diverse teams can bring new perspectives and ideas to the table, By prioritizing DEI, SMEs in India can create a more inclusive and welcoming workplace that attracts and retains employees, fosters innovation and creativity, and improves the company's reputation
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