Research proves that diversity (gender, ethnic and social) can improve work place culture and productivity. Some argue that workplace diversity can increase growth or revenues, by increasing the comfort of workers and ensuring different views are represented. But diversity really have that much of a baring on a business' success?
Diversity allows companies to tap into different opinions and work styles that could help it navigate different geographies, market segments, as well as tap into new talent pools
Diversity in leadership leads to greater profits
Studies repeatedly indicate a more diverse senior management team directly correlates to higher profits.
Diverse workforces drive profits through innovation
Diverse workforces are more innovative. Innovate companies are also more profitable.
Customers prefer to buy from people who represent them
Sales and customer volume is directly linked to diversity.
Other aspects, like having a strong founder and qualified leadership, have a far greater impact on a company's bottom line
Diversity in the workplace is no silver bullet
Changing the upper-echelons of management can change a company's profitability overnight. Hiring a more diverse workforce can't.
Diversity is meaningless without inclusion
Diversity doesn't work without inclusion. Diversity isn't critical, inclusion is.
Many companies have thrived with a homogenous workforce, indicating diversity is not critical to a company's profitability.
Diversity's impact varies
Increasing diversity doesn't always bring harmony. Sometimes it brings tensions.
Many companies thrive with a homogeneous workforce
There are many examples of highly successful companies with homogenous workforces.
This page was last edited on Monday, 30 Mar 2020 at 17:32 UTC