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Business leaders can t afford to treat diversity, equity, and inclusion (DEI) as afterthoughts.
Even before 2020 s explicit conversations and public protests on race and civil rights, statistics showed that a diverse business has as much to do with profit as principles.
A 2020 McKinsey study tracked six years of data and found that more ethnically and culturally diverse businesses are as much as 36% more profitable than the least diverse companies. The profitability gap widens to 48% between the most and least diverse businesses according to gender alone. The business case is glaring, says Miriam Lewis, chief inclusion officer for Principal. Diverse companies with inclusive cultures outperform more homogenous companies. Revenue, market share, smarter teams, retention there s just no lack of evidence.
PMA/CGT add Diversity & Inclusion series and courses freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.
January 26, 2021
In our latest episode of “WORK! Exploring the Future of Work, Labor and Employment,” Cornell ILR Dean Alex Colvin speaks with Tony Byers, director of Diversity & Inclusion Programs at the ILR Center for Advanced HR Studies, about what companies and employees can do to make workplaces more diverse, equitable and inclusive for people of color.
At ILR, Byers works with executives and others to develop and lead impactful diversity and inclusion efforts. Author of the book, “
The Multiplier Effect of Inclusion: How Diversity and Inclusion Advances Innovation and Drives Growth,” Byers has directed D&I efforts with some of the biggest companies in the world.