Diversity: The Business Case

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Know someone who needs convincing? Here’s a selection of the most recent headlines linking a diverse workforce to a better financial outcome…

Companies with the best racial and ethnic diversity are more 35% likely to outperform their industry competitors.
McKinsey Jan 2015 study

Increased diversity of perspectives on executive boards leads to them outperforming their all-male run peers. In the UK this translates into an opportunity cost of around £48.5bn (in national terms around 3% of GDP.) Grant Thornton, Sept 2015

“When internal diversity and inclusion scores are strong, and employees feel valued, they will serve our customers better, and
we’ll be better off as an organisation.” Brian Moynihan, CEO Bank of America

77% of Millennials reported choosing their employer based on the positive role the company performed in society (i.e. doing the right thing, CSR, social role equal workplace). Deloitte January 2015 study

High gender diversity companies have delivered slightly better returns, with lower volatility, compared with their low diversity or sector peers, and they have moderately outperformed on average in the past five years. Morgan Stanley Study ‘A Framework for Gender Diversity in the Workplace. April 2016