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    • Delivering Through Diversity - McKinsey& Company (2018)

      Company Level: Any SizeType: Informational and Implementation

      Our latest research improves our understanding of the correlation between diversity and company financial performance, and of the action’s companies can take to develop a robust I&D strategy, in five ways:

      • Expanded, updated data set. We nearly tripled the number of countries and companies researched to 12 countries and more than 1,000 companies globally. 
      • Exploring diversity at different levels of the organization. We correlated financial performance with the diversity of a company’s total workforce, executive team, and board of directors, and within executive teams, we contrasted diverse representation in line versus staff roles.
      • Additional lens on financial performance. We measured profitability, using EBIT margin, and longer-term value creation, using economic profit margin.
      • Broader, more holistic understanding of diversity. We considered through qualitative research how both inherent (e.g., gender, ethnicity and, where possible, sexual orientation) and acquired (e.g., international work experience, education and training, socioeconomic background) forms of diversity relate to financial performance.
      • Insight into company best practices. We developed in-depth profiles of 17 leading companies, articulating how they use diversity and inclusion to create value in their specific industry and geographic contexts.

       

      This research extends and deepens the quantitative correlation analysis approach taken by Why Diversity Matters, and complements it with qualitative company research, with the practical aim of sharing insights from the experiences of companies effectively engaging with I&D.


      Download the full story PDF

      TAGS

      • growth strategy
      • D&I strategy
      • financial performance
      • profitability
      • diversity data
    • A Leader’s Guide: Finding and Keeping Your Next Chief Diversity Officer

      Company Level: Mid-size employer (250-1000 total employees)Type: Informational and Implementation

      Diversity, inclusion & equity have become headline issues, putting pressure on organizations and leaders to respond
      in a meaningful way. Investors are also expressing their displeasure with discrimination allegations. Russell Reynolds
      Associates’ review of 2017 and 2018 incidents involving bad executive behavior showed that companies experienced
      an average 7 percent decline in market capitalization, or $4 billion, in the days and weeks following the news.

      In this paper, we take a data-driven approach to analyze the Chief Diversity Officer (CDO) role and what makes it successful. We examine
      the career paths and competencies of today’s CDOs, based on the 234 CDOs currently at S&P 500 companies. We
      then uncover the barriers many CDOs face within their organizations. Finally, we look at the actions leaders and
      organizations can take to make CDOs more successful. Three key questions are addressed: 


      1. What experiences and competencies define today’s CDOs?

      2. What are the current barriers CDOs face in embedding D&I into the organization?

      3. How can CEOs, CHROs and other top executives set CDOs up for success?


      Download the full story PDF

    • EY: D&I means growth

      Company Level: Any SizeType: Informational and Implementation

      The ability to invite, leverage and learn from different perspectives is key to delivering the best approaches for our clients.

      Download the full story PDF

      TAGS

      • high performing teams
      • culture
      • business case
      • strategic plan
    • Spectrum Health | Why Inclusion & Diversity Matters

      Company Level: Any SizeType: Informational

      Spectrum shares their “why” as improving the health of the communities they serve.  They identified people as their #1 strategic enabler for innovation, attracting the best talent, high performing employees, delivering exceptional patient experience, and flourishing community partnerships.

      Spectrum Health’s Strategic Imperative

      TAGS

      • innovation
      • Employer of Choice
      • high performing employees
    • The Competitive Advantage of Racial Equity

      Company Level: Any SizeType: Informational and Implementation

      This report details the potential gains of advancing racial equity. The article provides an overview of what racial equity is and why business should care. It touches on the dramatic  shift in demographics, increased innovation,  minority buying power, and much more. 

      Download the full story PDF

      TAGS

      • business case
      • racial equity
      • case study
      • getting started
      • products and markets
      • innovation
      • reduce turnover
      • cultural competency
    • Catalyst Information Center | Why Diversity Matters

      Company Level: Any SizeType: Informational
      This tool kit provides data to use in creating a D&I business case within organizations
      Download the full story PDF

      TAGS

      • business case
      • strategic plan
      • resources
    • DBP | Critical Partnerships to Drive D&I Success

      Company Level: Any SizeType: Informational

      This report from Diversity Best Practices explains how best practice companies are leveraging D&I strategies to enter new markets, build relationships within those markets, and establish credibility across different cultural contexts.

      Critical Partnerships to Drive D&I Success

      TAGS

      • leadership
      • partnership
      • business case
      • getting started
    • The Business Case for Racial Equity in Michigan (May 2015)

      Company Level: Any SizeType: Informational

      This report outlines the business case for racial equity in Michigan. It also provides 20 facts about racial and ethnic inequities in Michigan, estimates potential economic gains, and highlights promising policies and approaches to improve racial equity.

      Download the full story PDF

      TAGS

      • racial equity
      • business case
      • diverse workforce
      • global economy
      • growth outlook
      • talent attraction
      • returning citizens
    • Diversity Matters | McKinsey & Company

      Company Level: Any SizeType: Informational and Implementation

      The “Diversity Matters” research looked at the relationship between the level of diversity (defined as a greater share
      of women and a more mixed ethnic/racial composition in the leadership of large companies) and company financial
      performance (measured as average EBIT 2010–2013). The research is based on financial data and leadership
      demographics compiled for this purpose from hundreds of organizations and thousands of executives in the
      United Kingdom, Canada, Latin America, and the United States. The size of the dataset allows for results that are
      statistically significant and the analysis is the first that we are aware of that measures how much the relationship
      between diversity and performance is worth in terms of increased profitability.

      The report includes data, steps for successful diversity programs, and techniques for overcoming bias. 

      Download the full story PDF

      TAGS

      • business case
      • bias
      • diversity programs