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Some Business Benefits of Hiring Employees with Disabilities

Some Business Benefits of Hiring Employees with Disabilities

If you’re a business owner or manager, you may have overlooked the many benefits of hiring employees with disabilities. Sadly, intellectual and developmental disabilities, as well as other types, are often a significant barrier to employment. This is largely due to some big misconceptions about people who have disabilities, though. In fact, the idea that they can’t have jobs is one of the most persistent myths about people with IDDs.

These individuals certainly gain so much from employment opportunities personally. But it’s also important to spread the word about the business benefits of hiring employees with disabilities. When companies understand the value they get, they of course become allies in creating these essential opportunities.

Why Hire Workers with Disabilities?

  • It boosts profits. For example, a 2018 study by Accenture, the American Association of People with Disabilities, and Disability:IN found that business that actively hire people with disabilities see 28% higher revenue, twice the net income, and 30% higher profit margins.
  • It drastically increases employee retention. As has been reported, the US Department of Labor found that companies that embrace disability in their hiring strategy see a 90% increase in employee retention. They also see a 72% increase in employee productivity and a 45% increase in workplace safety.
  • It contributes to an inclusive company culture. People value working for an employer that prioritizes diversity and inclusiveness. This in turn is good for employee morale, productivity, loyalty, and more.
  • It accesses a largely untapped talent pool. As noted in the above Accenture study, less than one-third of Americans with disabilities between the ages of 16 and 64 are employed. This leaves a large pool of untapped talent, motivation, and diverse ways of thinking.
  • It delivers great employees. People with disabilities consistently show themselves to be highly motivated, punctual, responsible, dependable, dedicated, productive, and enthusiastic.
  • It introduces new perspectives. People with disabilities have developed their own unique ways of seeing things, creative problem-solving skills, and the determination to overcome even the toughest obstacles.
  • There are tax benefits. A variety of state and federal tax incentives exist for employers who hire workers facing significant barriers to employment. This includes people with many types of disability.

 

 

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