With all the press we read about diversity, inclusion, women in leadership, and the need to be open minded about religious and cultural differences, one might ask "is 2016 going to be the year of diversity in business?"
I believe the answer is yes: this topic has been raised in the public eye and research now proves that companies with great diversity outperform their peers by a significant margin. If you aren't taking this topic seriously, you should be. Here's evidence:
- McKinsey's research shows that gender-diverse companies are 15% more likely to outperform their peers and ethnically-diverse companies are 35% more likely to do the same.
- Catalyst research shows that companies with more women on the board statistically outperform their peers over a long period of time.
- Deloitte Australia research shows that inclusive teams outperform their peers by 80% in team-based assessments.
Bersin by Deloitte just completed a two-year research study (Bersin by Deloitte 2015 High-Impact Talent Management research) and the results are amazing: among more than 128 different practices we studied, the talent practices which predict the highest performing companies are all focused on building an Inclusive Talent System.
Companies that embrace diversity and inclusion in all aspects of their business statistically outperform their peers.
From: Forbes, Dec. 6, 2015,Josh Bersin, contributor