Meet the Needs of the 21st Century Workplace and Workforce
Diversity, equity and inclusion are principles essential to a business' success
Diversity, equity and inclusion are principles essential to success in today’s business environment. A recent McKinsey study showed that companies that have higher-diversity leadership teams and Boards experience 30 percent more success than those that don’t. These findings demonstrated a direct correlation between gender, racial, and ethnic diversity and better financial performance.
Yet, many HR directors struggle to diversify at the senior level. Despite wide-spread recognition that diversity is not just a critical value, but a key to success, the vast majority of C-suites and boardrooms are still comprised of a homogenous grouping of older white men. HR directors are increasingly tasked with diversity initiatives that result in increased representation of women and people of colour throughout their organisations, particularly at the top.
When Shark Tank investor Kevin O’Leary analyzed the various companies he invested in, he found that his most successful investment endeavors were the companies run by women. After nearly a decade of investing in small companies through Shark Tank, he told CNBC, “not some of my returns, all of my returns, have come from the ones run by women or owned by women.” Similarly, in 2015, when he invested in 27 companies, he told Business Insider, “I don’t have a single company run by a man right now that’s outperformed the ones run by women.”
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