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What are the benefits of EDI
Equity, Diversity, and Inclusion (EDI) are critical drivers of organizational success, contributing to increased innovation, revenue, employee engagement, and overall performance. Research shows that diverse teams bring broader perspectives, enabling organizations to better understand customer needs, develop creative solutions, and access new markets. However, diversity alone is not enough—organizations must also foster inclusion, equity, and a sense of belonging to fully realize these benefits.
EDI is not about excluding current employees but about expanding perspectives to strengthen the organization. An inclusive workplace ensures individuals feel valued, respected, and supported, allowing them to contribute authentically. While diversity reflects the range of backgrounds and lived experiences within a workforce, inclusion measures how well those differences are embraced. Equity ensures that systems and resources are tailored to meet diverse needs, and belonging reflects whether employees feel accepted and integrated.
The benefits of EDI are well supported by research. Companies in the top quartile for ethnic and racial diversity are 35% more likely to achieve above-average financial returns (McKinsey & Company, 2020). Organizations with higher gender diversity on executive teams are 19% more likely to generate greater innovation revenue (Catalyst, 2020). Diverse teams also solve problems faster and produce higher-quality outcomes (Reynolds & Lewis, 2017).
EDI also improves talent retention and engagement. Inclusion drives 35% of employees’ emotional investment and 20% of their desire to stay (Bourke & Espedido, 2019), while increased inclusion is linked to reduced absenteeism. Additionally, 64% of consumers are more likely to engage with inclusive brands, and 73% avoid those that do not support social justice (CCDI, 2022).
In summary, EDI strengthens innovation, retention, reputation, and financial performance. Organizations that embed these practices are better positioned for sustainable growth and long-term success.
TRAINING GRANTS
Transform Your Business with a Canada Alberta Job Grant + aKollage Consulting
The Canada-Alberta Job Grant is a valuable funding program that helps employers in Alberta invest in employee training by reducing associated costs.
Program Overview
This grant is jointly funded by the Government of Canada and the Government of Alberta. It covers up to two-thirds of eligible training expenses, with a maximum of $10,000 per employee per fiscal year.
Eligibility
Employers operating in Alberta can apply for the grant. To qualify, the training must be directly related to the employee’s role and may include costs such as tuition, textbooks, and required materials.
Application Process
Applications are submitted through the official grant portal and require supporting documentation, including training details and completion records.
Learn More
For full program details, eligibility criteria, and application guidelines, visit the official Canada-Alberta Job Grant site.
This program is designed to help organizations strengthen their workforce by making skills development more accessible and affordable—ultimately improving employee performance and business competitiveness.
Our Approach
We can support you through the application process and help determine your eligibility. CONNECT WITH US TO LEARN MORE
