McKinsey found that return on equity is 53% higher on average for companies ranking in the top quartile of executive board diversity while EBIT margins were 14% higher on average.
Companies with gender, ethnic and racial diversity are at least 15 percent more likely to experience above-average financial returns.
Inclusive teams outperform their peers by 80% in team-based assessments.
Diverse employees are three times more likely to leave an organization than non-diversity workers.
Companies that address inherent and acquired diversity are 45% more likely to improve market share and 70% more likely to capture a new market.
Return on Equity: On average, companies with the highest percentages of women board directors outperformed those with the least by 53 percent.
If just 10% more employees feel included, the company will increase work attendance by almost one day per year per employee.
In a survey by Forbes magazine of 321 large global enterprises with at least $500 million in annual revenue, 85% agreed or strongly agreed that diversity is crucial to fostering innovation in the workplace.
When employees think their organization is committed to, and supportive of diversity and they feel included, employees report better business performance in terms of ability to innovate, (83% uplift) responsiveness to changing customer needs (31% uplift) and team collaboration (42% uplift).
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