The Business Case For Diversity, Equity, & Inclusivity

Diversity of future talent:

  • By 2025, millennials are predicted to make up 75% of the workforce

    • Deloitte Millennial Survey, 2014

  • Millennials are 16% more diverse than baby boomers

    • US Census 

  • Only 56% of millennials are white. Not only that, but there are 11 million more millennials than there are baby boomers. 

    • US Census 

  • 67% of job seekers consider workplace diversity an important factor when considering employment opportunities, and more than 50% of current employees want their workplace to do more to increase diversity.

    • Glassdoor, 2014

DEI impacts revenue and profits:

  • Diverse companies enjoy 2.3 times higher cash flow per employee

    • Forbes, 2015

  • A study looked at companies with diverse management teams and found that, on average, they enjoyed a 19% increase in revenue compared to their less diverse counterparts. 

    • Forbes, 2018

  • Gender-diverse companies that are in the top-quartile for gender diversity on executive boards are 27% more likely to have superior value creation.

    • McKinsey and Company, 2018

  • Higher representation of women in C-suite level positions results in 34% greater returns to shareholders.

    • Catalyst, 2004

  • Organizations with above-average gender diversity and levels of employee engagement outperform companies with below-average diversity and engagement by 46% to 58%.

    • Gallup, 2016

DEI boosts employee performance:

  • Racially & ethnically diverse companies are 35% more likely to perform better

    • McKinsey and Company, 2015

  • Gender-diverse companies are 15% more likely to have higher performance

    • McKinsey and Company, 2015

Inclusivity matters in the workplace:

  • Highly inclusive companies see 1.4 times more revenue

    • Gartner, 2018

  • Inclusive companies are 1.7 times more innovative

    • Josh Bersin, 2015

  • Inclusivity leads to significantly higher cash flow per employee

    • Forbes, 2015

  • Over just three years, companies that have a highly inclusive culture notice 2.3 times more cash flow per employee. 

    • Josh Bersin, 2015

Racial and ethnic diversity matters in the workplace:

  • Racially diverse teams perform 35% better 

    • McKinsey and Company, 2015

  • Teams notice a 0.8% increase in earnings when they increased racial and ethnic diversity on senior executive teams by 10%.

    • McKinsey and Company, 2015

  • Sales revenue increases 15 fold among companies with high racial diversity 

    • McKinsey and Company, 2015

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Young, Gifted, And Black: Recruiting And Retaining Top Talent