Did you know that companies that have gender-diverse executive teams are about 25% more likely to outperform on profitability?
This likelihood of outperforming on profitability increases to 28% if the board is gender-diverse. And if there is ethnic or cultural diversity among executives in the company, the likelihood of outperforming on profitability increased by 36%.
Aside from revenue numbers, by including DEI in the fabric of organizational culture, organizations create a global thinktank of innovation. “The 2016 Boston Consulting Group study shows that innovation jumps once the proportion of female managers within an organization rises above 20%”.
Other benefits of DEI are increase in employee engagement and higher retention rate because people want to be a part of an organization where their opinions are valued, and where they feel they belong.
I am looking forward to sharing these and many more insights in my keynote- Fostering a Culture of Inclusive Leadership at Cleverbridge on June 30,2021.