Why Diversity and Inclusion Will Be A Top Priority for 2016
Josh Bersin Principal and Founder, Bersin by Deloitte
With all the press we read about diversity, inclusion, women in leadership, and the need to be open minded about religious and cultural differences, one might ask “is 2016 going to be the year of diversity in business?”
I believe the answer is yes: this topic has been raised in the public eye and research now proves that companies with great diversity outperform their peers by a significant margin. If you aren’t taking this topic seriously, you should be. Here’s evidence:
- McKinsey’s researchshows that gender-diverse companies are 15% more likely to outperform their peers and ethnically-diverse companies are 35% more likely to do the same.
- Catalyst researchshows that companies with more women on the board statistically outperform their peers over a long period of time.
- Deloitte Australia researchshows that inclusive teams outperform their peers by 80% in team-based assessments.
We just completed a two-year research study (Bersin by Deloitte 2015 High-Impact Talent Management research) and the results are amazing: among more than 128 different practices we studied, the talent practices which predict the highest performing companies are all focused on building an Inclusive Talent System.
Companies that embrace diversity and inclusion in all aspects of their business statistically outperform their peers.
If interested you may want to read a summary of the research here and let us know your thoughts. We at ERIEC are always looking for interesting news and opinions to spread to our followers.