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Our latest report shows not only that the business case remains robust but also that the relationship between diversity on executive teams and the likelihood of financial outperformance has strengthened over time.
Business case for diversity. Five years on does the link between company financial performance and ethnic cultural and gender diversity. Since the publication of the workforce 2000 study cost savings and winning the competition for talent are frequently cited as strong arguments for the pursuit of diversity initiatives. It s time to try a new framing.
Fresh research on the business case for diversity coming soon building on the research in why diversity matters and delivering through diversity we will soon release a new report to look closer at the issues that matter. Diversity wins is the third report in a mckinsey series investigating the business case for diversity following why diversity matters 2015 and delivering through diversity 2018. In the midst of the black lives matter movement merck ceo ken frazier publicly stated that it is the responsibility of corporate america to bridge opportunity gaps.
Life science organisations that incorporate it into their business strategy benefit across the board from an increase in productivity to improvements in employee retention. Diversity and inclusion d i has become quite the buzz phrase. The social and moral case for diversity is clear but so too is the business one and it s important to remember that good ethics and good economics are not mutually exclusive.
Finally while there is a business case for diversity one that rests on sound evidence an expansive definition of what makes a business successful and the presence of facilitating conditions. In recent years the business case for diversity in the workplace has been gaining traction. The business benefits of diversity diverse organisations perform better have higher employee satisfaction and better financial returns and are more innovative.
July 11 2020 july 12 2020. The business case for diversity and inclusion is flawed.
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