McKinsey & Company | January 2018
McKinsey and Company’s latest research reinforces the link between diversity and company financial performance and suggests how organizations can craft better inclusion strategies for a competitive edge.Delivering through Diversity both tackles the business case and provides a perspective on how to take action on I&D to impact growth and business performance. This latest research reaffirms the global relevance of the correlation between diversity (defined here as a greater proportion of women and ethnically/culturally diverse individuals) in the leadership of large companies and financial outperformance.
As was the case with Why Diversity Matters, correlation does not demonstrate causation. However, the statistically significant relationship observed between greater levels of diversity in the leadership of a large corporate organization and financial performance does prompt action.They encourage companies to examine the case for I&D and how it is directly relevant to their business, as leading companies are already doing.
Designing a truly effective I&D strategy is no small undertaking. But many companies they studied believe the potential benefits of stronger business performance are well worth the effort.
Gallup | 2018
Hr.research Institute | 2018 | 2019
RedThread | Mercer | Feb 2019
World Economic Forum | January 2018