Diverse teams are still *really* good for business, McKinsey says

Diverse teams are still *really* good for business, McKinsey says


Diversity is good for business — not just from the ethical standpoint, but from the perspective of a company’s bottom-line, according to McKinsey & Company. As a follow-up to its “Why Diversity Matters” study in 2015, McKinsey analyzed over 1,000 companies across 12 countries, looking at their respective profits and value creation.

Companies in the top quartile for ethnic diversity at the executive level are 33 percent more likely to have above-average profitability than companies in the bottom quartile, according to McKinsey’s report, “Delivering through Diversity.” And essentially the same goes for gender diversity, with companies in the top quartile for gender diversity being 21 percent more likely to have above-average profitability than companies in the bottom…

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