Diversity and inclusion have for a long while been hot button issues in the workplace. In recent years, however, they’ve become ever-more important due to issues like the Black Lives Matter and #MeToo movements, along with a worldwide rise in immigration. All that to say, hiring employees from diverse backgrounds isn’t simply a fad that will die down — it’s a necessity to have a workforce that represents the world we live in.
Why is Diversity Important?
The impacts of a diverse team reach all corners of your business. According to a study conducted by McKinsey using a data set of over 1000 companies, diverse teams produce financial returns 33% higher than the industry average. A diverse team allows your company to better connect with the wide array of people that make up your customer base.
A Cloverpop study revealed that decisions made and executed by diverse teams delivered 60% better results and inclusive teams make better business decisions up to 87% of the time.
Harvard Business Review released a report showing that gender diversity leads to a rise in collective intelligence, and a study published in Taylor & Francis online journal proved that companies with more women are radically