Tuesday, March 14, 2017

Diverse companies see higher profit and have better focus -- here's why LINDSAY DODGSON MAR 11, 2017 Read more at https://www.businessinsider.com/benefits-of-diverse-companies-2017-3#cKDy6Oxf02qV46tk.99

by Linsday Dodgson
Originally published: March 11, 2017
Publisher: www.businessinsider.com.au

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.