Increase financial success: Many different studies have also shown that diverse companies are more financially successful. Companies in the top quartile for racial and ethnic diversity are 35 percent more likely to see better financial returns than their competitors.
In addition, a company’s earnings before interest and taxes rise an average of 0.8 percent with each 10 percent increase in racial and ethnic diversity on a company’s senior executive team. Over a three-year period,
Continue to advocate for more diversity: Make the social justice case (this is the right thing to do), as well as the business case.
But…don’t forget the inclusion: If you just throw people together without working on inclusion issues, they may not manage conflict well, nor mesh well enough to get the work done.
Encourage unconscious bias and other diversity work: We all have biases, especially unconscious biases. Without reflecting on our own biases, as well as encouraging everyone to interrupt bias when they see examples, teams may fester and create more problems than they solve.
What Do You Think?
Does your organization emphasize civility? What is the bottom line impact for you?
Did You Know
In addition to diversity and inclusion workshops, we also offer workshops and consulting focused on unconscious bias.
January 28, 2019
