A report has been tabled by management consulting giant McKinsey on why companies must whole- heartedly embrace diversity at the workplace. There are commensurate financial returns to back up this entire idea. Among the companies surveyed during this study, those that are in the top quartile tend to be thirty- five percent more likely to post above median average financial returns. Those that have directed their talent recruitment drives to ensure greater gender diversity, do likewise. Diversity is also more prized across financial parameters in the UK, like in the USA. The top performers’ EBIT (Earnings Before Interest and Taxation), rises in the UK by 3.5% for every ten percent commensurate rise in gender diversity. Racial and ethnic diversity too have similar outcomes.

Source:https://www.mckinsey.com/business-functions/organization/our-insights/why-diversity-matters?cid=other-eml-cls-mip-mck&hlkid=0e974d2e17fc4971a7a3be008d4bb3c3&hctky=2657824&hdpid=58f49198-4e49-4543-b9e4-21d8a30d4a0a

Uploaded Date:21 February 2020