by Aliya Vigor-Robertson
Originally published: September 13, 2017
The UK economy is losing up to £24bn a year because black and minority ethnic staff earn less than their white counterparts, according to a recent Race in the Workplace report.
At the same time, a McKinsey study found that companies in the top quartile for gender and ethnic diversity were more likely to have above-average financial returns.
What this data shows is that, aside from the moral and ethical benefits of diversity, having a broad range of employees is simply good for business.