McKinsey Study: Companies Make More Profit if They Have Greater Diversity PDF Print

Keywords: Diversity, Race, Ethnic, Gender, Age, Companies, Workplace, Profit, Industry, National, US, UK, Canada, Latin America, English

According to the study Diversity Matters published by McKinsey, companies that have greater racial and ethnic diversity are 35 percent more likely to have financial returns above their respective national industry medians. Also, one of the findings in the study is that while certain industries perform better on gender diversity and other industries on ethnic and racial diversity, no industry or company is in the top quartile on both dimensions.

“The unequal performance of companies in the same industry and the same country implies that diversity is a competitive differentiator shifting market share toward more diverse companies,” states McKinsey & Company, a consulting firm that has examined proprietary data sets for 366 public companies across a range of industries in Canada, Latin America, the United Kingdom, and the United States.

Diversity_Matters.pdf

 

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