Unpacking the ROI on diversity and inclusion in organisations

Diversity and inclusion are more than just trendy buzzwords; they are key drivers of organisational effectiveness. How can we quantify their impact? Let’s dive into the facts:

• 🚀Increased Innovation: According to a Boston Consulting Group study, diverse companies produced 19% more revenue due to innovation. That’s a clear link between diversity and the bottom line!

• 💡Improved Decision-Making: A Cloverpop study found that diverse teams outperformed individual decision-makers 87% of the time. They also made decisions twice as fast with half the meetings. Efficiency is a clear win!

• 💰Better Financial Performance: A McKinsey report showed that companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians.

• 🏆Greater Market Share and Competitive Edge: A study from the Center for Talent Innovation found that when employees feel included, they’re 120% more likely to feel engaged and committed to their work, potentially leading to a greater market share.

Inclusive leadership creates an environment where these diverse teams can thrive. By fostering a culture of respect and value for every individual’s unique experiences and perspectives, organisations are able to unlock:

🧠The potential for improved problem-solving
🌈Increased creativity and innovation
🔧A broader range of skills and experiences
In essence, diversity and inclusion are not just about corporate social responsibility. They are strategic imperatives linked to real business outcomes.

As leaders, let’s embrace diversity and inclusion to drive not only a better work culture, but also better business performance. The proof is in the numbers.

By Megan Volo

Gary Ryan helps talented professionals, their teams and organisations, move Beyond Being Good®