Monday, March 13, 2017

Diverse companies see higher profit and have better focus — here's why - BUSINESS INSIDER

by Lindsay Dodgson
Originally published: March 10, 2017
Publisher: businessinsider.com

Diversity matters to any company worth working for, and it's becoming increasingly clear that it's also important for the profitability and success of a business.

A report in 2015 by McKinsey looked at 366 companies in the US, UK, Canada, and Latin America and found when companies commit themselves to a more diverse leadership, they are more successful. This correlation doesn't necessarily mean higher diversity caused the positives, but the pattern was telling.

Overall, the report concluded that diverse companies were more likely to win over top talent, and thus improve things like employee satisfaction, leading to more positive returns.