By: Roma G. Velasco 

Embracing Diversity, Equity, and Inclusion (DEI) is not only the “right” thing to do, it also makes smart business sense!  Here are a few studies that illustrate how companies who invest in DEI improve performance:

  1. A Boston Consulting Group study found that companies with more diverse management teams have 19% higher revenues due to innovation.



  2. 67% of job seekers consider workplace diversity an important factor when considering employment opportunities, and more than 50% of current employees want their workplace to do more to increase diversity. (Glassdoor)



  3. The higher representation of women in C-suite level positions results in 34% greater returns to shareholders. (Fast Company)



  4. It has been estimated that closing the gender gap would add $28 trillion to the value of the global economy by 2025 – a 26% increase.



  5. Organizations with above-average gender diversity and levels of employee engagement outperform companies with below-average diversity and engagement by 46% to 58%. (Fast Company)



  6. McKinsey’s most recent Delivering Through Diversity report found corporations that embrace gender diversity on their executive teams were more competitive and 21% more likely to experience above-average profitability. They also had a 27% likelihood of outperforming their peers on longer-term value creation. Different perspectives on customer needs, product improvements, and company wellbeing fuel a better business.



  7. A study analyzed approximately 600 business decisions made by 200 different business teams in a wide variety of companies over two years, using the Cloverpop decision-making database, and this is what was found:

 

Bonus +1 benefit for your organization…

A survey conducted by Pew Research Centre lists several areas where women are stronger in key areas of both politics and business. Survey respondents noted that women are:

  • 34% better at working out compromises
  • 34% more likely to be honest and ethical
  • 25% more likely to stand up for their beliefs
  • 30% more likely to provide fair pay and benefits
  • 25% better at mentoring