The term diversity refers to the many different perspectives within a team.
In addition to racial and social issues, diversity is part of a much broader conversation.
Diversity means different genders, socioeconomic backgrounds, upbringings, religions, education, sexual orientations, gender identities, ethnicities, and neurodiversities.
Diversity and inclusion is all about people and teams
It is about empowering people by respecting and appreciating what makes them different.
Inclusion in an organisation is where different individuals or groups are culturally and socially accepted, welcomed, and treated equally.
Such differences may or may not be obvious, but could relate to race, age, gender, beliefs, marital status, education, socioeconomic background or indeed how people think.
A well know survey from McKinsey shows, that:
- Greater diversity in the workforce results in increased profitability and value creation
- There is a significant correlation between diverse leadership and better financial performance
- Companies in the top quartile for ethnic diversity at the executive level are 33 per cent more likely to have above-average profitability than companies in the bottom quartile
A strong diversity and inclusion strategy can help your company attract top talent and drive innovative results. Watch Axel Springer’s excellent explanation of why diversity matters and why diversity drives results.