Companies that score poorly on both gender and ethnic diversity are 27% more likely to underperform on profitability, according to the latest McKinsey report on diversity.
There is a stark warning in the McKinsey report on diversity in business. Those companies that are the least gender diverse are 19% more likely to underperform on profitability. That’s up on the 15% McKinsey found in 2017. Those companies that score badly on both gender and ethnic diversity are 27% more likely to underperform.
Those stark figures are included in the managing consultancy’s Diversity Wins report, last produced three years ago, charting both the benefits of diversity as well as its progress.
McKinsey's findings may seem self-evident in 2020. The penalties for failing on diversity are harsh. And yet despite the obvious
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