Promoting Innovation through Diversity and Inclusion for Energy Security
Industry leaders are recognizing that a diverse set of experiences, perspectives and backgrounds is crucial to innovation and the development of new ideas. Diversity is crucial to encouraging different perspectives and ideas that foster innovation. A diverse workforce can help to inform the development of new or enhanced products or services, open new market opportunities, improve market share and broaden an organization’s customer base. However, people need to feel they have a voice in the organization to allow their different perspectives to be heard. Research on the psychological contract shows that people want to work for employers with good employment practices. Increasingly, employers recognize the importance of diversity and inclusion in recruiting and retaining the skills and talent they need. As well as designing appropriate and fair people practices, it’s important to create open and inclusive workplace cultures in which everyone feels valued, respects colleagues, and where their contribution is recognized especially in male dominated industries like oil and gas. Flexible working and job design are also important components of diversity strategies and part of attracting and retaining a wide pool of talented people.