Benefits
The importance of diversity, equity, and inclusion in organizations
Organizations that don't implement DEI practices miss out on opportunities to tap into their peoples' potential. Diverse teams are more innovative and make better decisions, and diverse companies have better shareholder returns, according to the study Unrealized Impact.
Another study conducted by McKinsey & Company in partnership with The Society for Human Research Management (SHRM), evaluated the performance of companies with different levels of workplace diversity. They found that companies that exhibit gender and ethnic diversity are, respectively, 15% and 35% more likely to outperform less diverse peers. The same study found that organizations with more racial and gender diversity bring in more sales revenue, more customers and higher profits.
Companies that value DEI are stronger than those that don't.
DEI programs are an essential aspect of building engaged and happy employees. Organizations with strong DEI initiatives are more likely to have employees with increased job satisfaction, higher levels of trust, and are more engaged. But it's not just morale that lifts when DEI programs are made a priority, there are benefits that can be seen at every level of the business.