Diversity as a competitive advantage for your business.

The data tells us that workplace diversity leads to measurable business results in a number of areas. According to the McKinsey report, “Diversity Matters,” companies that are in the top quartile for racial and ethnic diversity are 35 percent more likely to have financial returns above their national industry medians. Companies in the top quartile for gender diversity are 15 more likely to have financial returns above their respective national industry medians.

Having diverse teams not only affects your financial performance, but also a company’s ability to innovate. A Harvard Business Review study found that the most-diverse enterprises were also the most innovative, as measured by the freshness of their revenue mix. Companies with above-average total diversity, measured as the average of six dimensions of diversity (migration, industry, career path, gender, education, age), had both 19% points higher innovation revenues and 9% points higher EBIT margins, on average.

Inclusivity is a key to ingredient to employee engagement.

It’s no surprise that happy and engaged employees perform better. A recent Salesforce report, “The Impact of Equality and Values Driven Business”, found that employees who feel their voice is heard at work are 4.6X more likely to feel empowered to perform their best work, and employees who say their company provides equal opportunities are 3.8X more likely to say they are proud to work for their company.

While in 2019, many companies have begun to prioritize diversity and inclusion as a business imperative, we still have a ways to go. Learn how Affinitee can help.