Why Gender Equity and Diversity Matter for Successful Businesses
Most business questions focus on how to generate greater revenue, facilitate higher team productivity, encourage collaboration, have lower employee turnover, and attract a larger section of the market. One answer to each of these questions is to embrace diversity, equity, and inclusion (DEI) in businesses and work cultures.
Studies have shown that improving DEI in the workplace is not just the right thing to do, but a smart executive decision. The latest Mckinsey report (2018) adds to the list, suggesting businesses that have continuously shown above-average performance in this sector are 21% more likely to have better than average profits. So, when studies repeatedly reiterate this fact, then why hasn’t our capitalist world seized this opportunity yet?