Graduate Digest
Strength In Diversity

Having varied life experiences and a social circle that includes people of different cultures, ages and politics can stimulate thinking, nurture creativity and boost innovation. Find out more through this article.

In the last few years, diversity in the workplace has become a buzzword for inclusion, equal opportunity and in some cases, affirmative action. Corporations are gradually realising that diversity is good for the bottom line. 

 

A 2015 McKinsey & Co report on 366 public companies in the United Kingdom, North and Latin America found that those in the top quartile for ethnic and racial diversity in management were 35 per cent more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15 per cent more likely to have returns above the industry mean.

 

Diversity creates a better understanding of your customer base because it takes a broad spectrum of different minds, cultures and experiences to effectively connect with different audiences. Diversity in backgrounds, lifestyles and thought also creates inspired dissent, which leads to a more robust and thoughtful development of ideas.

 

Read more about it in our recent issue here.

 





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