McKinsey&Company’s Diversity Matters project found that companies in the top quartile for racial and ethnic diversity are 35 percent more likely to have financial returns above their respective national industry medians.
Differing performance levels from companies in the same industry and the same country imply that diversity is a competitive differentiator. The most important drivers that McKinsey identified were:
- advantages in recruiting the best talent
- stronger customer orientation
- increased employee satisfaction
- improved decision making
You can read the full report here:
© Diversity Matters by McKinsey&Company Nov 2014