Over the past decade, diversity has made its way to the top of the corporate agenda. Efforts to improve diversity in the workplace have been paying off, with an increase in underrepresented groups being hired across both tech and non-tech industries.
The business case for diversity in the workplace cannot be denied. Studies show that organisations ranking in the top 25% for gender diversity in their executive teams were 15% more likely to experience above-average profitability than those ranking in the bottom 25%. For organisations in the top 25% for ethnic and cultural diversity, that number rose to 35% better profitability. Decisions that were made and executed by diverse teams were also found to produce 60% better results.
While most companies are implementing successful diversity efforts, they aren’t supporting those efforts with inclusion efforts. For instance, a company may make more diverse hires, but those hires may find themselves in a non-inclusive workplace, which leads to disengagement and even a high turnover rate.
Why is this happening, and what can we do about it? To tackle this nuanced topic, we’ve created some resources to help you understand this issue.
Read On:
