85% of CEOs with diverse and inclusive cultures reported increased profits. (PwC)
Aligning your brand strategy and business goals with your diversity, equity and inclusion initiatives results in greater growth and profitability. For example …
■ According to the Boston Consulting Group, there is a 6% net profit margin increase at companies in which 30% of leadership positions are filled by women.
■ Cloverpop found that when diverse teams made a business decision, they outperformed individual decision-makers up to 87% of the time.
■ Diversity fosters innovation and creativity through a greater variety of problem-solving approaches, perspectives and ideas, and diversifying your team can boost productivity by 35%. (McKinsey & Company).
■ A study by Accenture found that the GDP in the United States would increase by $25 billion if just 1% more disabled people were hired.
■ Research published in the American Sociological Review reported that businesses reporting the highest levels of racial diversity achieved 15 times the sales revenue compared to those with the least racial diversity in their teams.
■ A Gartner study found the average employee performance in diverse organizations is 12% higher than performance at non-diverse organizations.
■ Another Gartner study predicts that through 2022, 75% of companies with diverse and inclusive decision-making teams will exceed their financial targets.
■ McKinsey & Company reports that diverse management teams are 33% more likely to generate better-than-average profits than teams with limited diversity.
■ Science Daily reported 15 times more sales revenue in racially diverse workplaces than in those with low levels of racial diversity.
■ Another McKinsey & Company study found that in the case of ethnic and cultural diversity, top-quartile companies outperformed those in the fourth quartile by 36 percent in profitability.
Give yourself a competitive advantage.