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Firms Supporting Employees of Color Record Higher Revenues: Report
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Businesses with diverse workforce reap 58 per cent higher revenue, study shows
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The report highlighted AstraZeneca s $5m investment in early talent programmes aimed at increasing minority representation, as an example company.
UK businesses who treat their employees equally, regardless of race, reported up to 58 per cent higher income than their counterparts, according to a new report released by Henley Business School.
The new research highlighted that companies with targeted measures specifically aimed at supporting employees from ethnic minorities recorded better staff output and loyalty, as well as higher revenue.
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Researchers from Henley Business School used 100 randomly selected FTSE 350 companies, stratified by market capitalisation and industry. They found that the average market cap of companies with targeted racial equity measures was £4.3bn higher than those without them.