The Entrepreneurs Weekly
No Result
View All Result
Friday, June 27, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

What Is the Economic Impact of Hiring Autistic, Neurodivergent and Disabled Talent? Here’s What You Should Know. | Entrepreneur

by Brand Post
April 5, 2023
in Business
0
What Is the Economic Impact of Hiring Autistic, Neurodivergent and Disabled Talent? Here’s What You Should Know. | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Opinions expressed by Entrepreneur contributors are their own.

Much as the world sings paeans of praise about how disability inclusion has become an integral part of workplace culture, concerns around return on investment remain a major deterrence for many organizations not to hire autistic, neurodivergent and disabled people at scale. These concerns stem from ignorance at best and ableism at worst. In this article, I am going to present nine compelling reasons why disability inclusion benefits not just workplaces but also the overall economy of a community or country in several ways.

1. Increased productivity and decreased support costs

Ever wondered why a workplace that is homogenous in terms of a lack of diversity seems to hit a productivity plateau every so often? Do people lack the motivation to push forward, or does the apparent sameness of thoughts and approaches breed an invisible culture of doing just enough to not get fired?

Autistic, neurodivergent and disabled people can be the missing piece in the productivity puzzle. They often bring unique talents, strengths and perspectives to the workplace, leading to increased productivity, better problem-solving and innovation.

In addition, employing autistic, neurodivergent and disabled people helps them become financially independent, which, in turn, decreases their dependence on government allowances while also lowering the cost of various community support services such as adult care, according to a PubMed Central® report.

Related: Why Microsoft, Chase and Others Are Hiring More People With Autism

2. GDP growth

A study by Accenture, Disability:IN and the American Association of People with Disabilities revealed that closing the employment gap between people with disabilities and people without disabilities could help boost the GDP of the U.S. economy by up to $25 billion (about $77 per person in the US).

Therefore, it is a no-brainer that promoting disability-inclusive hiring practices and reducing employment gaps can have a positive impact on the overall economy of a country.

3. Increased consumer spending

As I mentioned earlier, autistic, neurodivergent and disabled people bring innovation and creativity to the workplace. With innovation comes better and more intuitive products and services that cater to a wider range of consumers, leading to increased consumer spending within a given marketplace. It is also possible to create new revenue streams if those products and services are specifically designed for consumers from niche markets such as hearing and visual aids, weight loss supplements, telehealth services for rural populations, gaming, etc.

Additionally, when neurodivergent or disabled people are employed, they often have more disposable income to spend on goods and services. This increased spending capacity can help revitalize the economy.

4. Lower turnover

Disabled employees tend to have lower turnover rates, which can bring down the costs associated with talent attraction, hiring and training.

According to a Job Accommodation Network (JAN) survey, 44% of accommodations for disabled employees cost less than $500, and the rest of the accommodations cost nothing at all. These findings, when contrasted with the cost of replacing an employee, which can range from 50% to 200% depending on their annual salary, further this benefit as reported by Enrich citing a study by the Society for Human Resource Management (SHRM).

5. Increased customer satisfaction

By hiring employees who better represent the diverse population of customers, businesses provide better customer service and improve overall customer satisfaction.

A ResearchGate publication found that 92% of customers were more inclined to buy products and services from businesses that hire people with disabilities, and 87% said they would prefer to support businesses that actively hire people with disabilities.

This brings me to my next point.

Related: 4 Ways Diversity Is Directly Linked to Profitability

6. Improving brand reputation

Companies that demonstrate a commitment to disability inclusion are often viewed more favorably by consumers. This leads to increased brand loyalty and investment. In addition, the disability community, along with their family and friends, is a significant market worth trillions of dollars. By sharing the success stories of disabled employees and their families, companies can create a satisfied and loyal customer base, happy employees and a positive brand image through word-of-mouth marketing.

7. Tax benefits

Employing disabled individuals can offer businesses numerous tax benefits, including the Work Opportunity Tax Credit, Disabled Access Credit and the Architectural Barrier Removal Tax Deduction — among other incentives. The extent of these benefits depends on the accommodation provided by the business for the employee, potentially resulting in substantial credits or returns.

8. Local economic and environmental impact

Sourcing disabled candidates locally stimulates the local economy through the creation of job opportunities in the immediate area — ones that may be impractical for people coming from distant locations due to transportation and relocation issues. When local people are employed, they are more likely to spend their money locally, which contributes to the growth of other local businesses. Working locally also means employees can avoid long commutes, which lowers their carbon footprints and helps build a more sustainable future.

9. Social impact

Hiring autistic, neurodivergent and disabled people helps break down stereotypes, reduce social stigma and discrimination, promote inclusion and create a positive social impact in the community. When individuals who are autistic, neurodivergent and disabled see others like them succeeding and achieving recognition in their community, it benefits not only them but everyone who supports them.

Hiring autistic, neurodivergent and disabled people goes beyond altruism. It strengthens the bottom line of an organization and provides numerous broader economic, social and environmental benefits that positively impact the well-being of any community or nation.

Related: How Leaders Can Support and Embrace The Untapped Potential of Neurodiverse Talent



Source link

Tags: AutismAutisticBusiness CultureDisabilitiesDisableddiversityEconomicEmployee Experience & RecruitingentrepreneurGrowing a BusinessGrowth StrategiesHeresHiringHiring EmployeesImpactinnovationLeadershipMaking a changeManagementNeurodivergentTalent

Related Posts

My Success Felt Hollow — Until I Made This Pivotal Leadership Shift | Entrepreneur
Business

My Success Felt Hollow — Until I Made This Pivotal Leadership Shift | Entrepreneur

June 27, 2025
Your Diversity Statement Isn’t Enough — Here’s What You Need to Do as a Leader to Drive Real Change | Entrepreneur
Business

Your Diversity Statement Isn’t Enough — Here’s What You Need to Do as a Leader to Drive Real Change | Entrepreneur

June 27, 2025
Here’s Why You Shouldn’t Obsess Over Metrics | Entrepreneur
Business

Here’s Why You Shouldn’t Obsess Over Metrics | Entrepreneur

June 27, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
My Success Felt Hollow — Until I Made This Pivotal Leadership Shift | Entrepreneur

My Success Felt Hollow — Until I Made This Pivotal Leadership Shift | Entrepreneur

June 27, 2025
Your Diversity Statement Isn’t Enough — Here’s What You Need to Do as a Leader to Drive Real Change | Entrepreneur

Your Diversity Statement Isn’t Enough — Here’s What You Need to Do as a Leader to Drive Real Change | Entrepreneur

June 27, 2025
Here’s Why You Shouldn’t Obsess Over Metrics | Entrepreneur

Here’s Why You Shouldn’t Obsess Over Metrics | Entrepreneur

June 27, 2025
Upgrade Your Workflow With This  AI Note-Taker | Entrepreneur

Upgrade Your Workflow With This $40 AI Note-Taker | Entrepreneur

June 27, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In