The Case for Diversity
Beyond all the moral and ethical reasons for promoting a diverse
workforce, the business case for diversity is clear.
A decade ago, a McKinsey study of 366 companies
in Canada, Latin America, the United Kingdom, and the United States
found clear business advantages for diverse businesses.
According to the study, companies in the top 25% for racial and
ethnic diversity were 35% more likely to have greater financial
returns than the industry medians in their respective countries.
Likewise, companies in the top 25% for gender diversity were 15%
more likely to perform better than their respective industry
medians.
A 2020 Glassdoor survey found
that the majority (76%) of employees or job seekers consider
diversity as a key factor when evaluating companies and job offers.
The survey also showed that nearly a third (32%) of candidates
would simply not apply to a job at a company that lacks
diversity.
