Attract, Innovate and Grow with WMFDP
An interconnected, increasingly global workforce means our world is getting smaller. Yet we must think and act larger to thrive within it. Diversity and inclusion (D&I) today is no longer about what’s at face-value (race, gender, age, etc.). It’s about our vantage point and how we move within this working world.
Successful organizations are recognizing this, realizing that D&I makes good business sense. “Diversity is no longer a ‘program’ to be managed — it is a business imperative,” Deloitte wrote.
Corporate Earth Values D&I
According to PwC (PricewaterhouseCoopers), the following percentage of thousands of corporate survey respondents identified D&I as a business priority:
- 83% in ten APAC countries/regions.
- 80% in four South American countries.
- 76% in 18+ European countries.
- 74% in three North American countries.
D&I Makes Financial Sense
According to a 2018 report from McKinsey & Company:
- 21% of companies in the top 25th percentile for executive team gender diversity are more likely to experience above-average profits.
- 33% of companies with more culturally and ethnically diverse executive teams are more likely to experience above-average profits.
- Companies in the top-quartile for gender diversity on executive teams were 21% more likely to outperform on profitability and 27% more likely to have superior value creation.
- Companies with the most ethnically/culturally diverse boards worldwide are 43% more likely to experience higher profits.
Major consulting and research firms weigh in on the positive impact to the bottom line:
- 78% of respondents to Deloitte’s Global Human Capital Trends research believe diversity and inclusion is a competitive advantage.
- Gartner Research shows highly inclusive organizations generate 2.3x more cash flow per employee, 1.4x more revenue, and are 120% more capable of meeting financial targets.
- Credit Suisse shows that companies whose senior management teams are more than 15% female had a 5% higher return on equity.
D&I Attracts and Retains Talent
Research from Glassdoor, one of the world’s largest job retention and recruiting sites, shows the following:
- 67% of job applicants value diversity.
- 57% of employees believe employers should be doing more to promote and increase diversity.
- 67% of both active and passive job seekers say that when they’re evaluating job offers, it is important that the company has a diverse workforce.
“Over time, this work has changed the state of our organization.”