How Can Businesses FOSTER DIVERSITY? The business case for diversity and inclusion has never been stronger. According to a survey by McKinsey, companies with the best ethnic and cultural diversity outperformed those with the poorest by 36% in terms of profitability. However, while 59% of business leaders reported having a “zerotolerance” policy towards racism, only 18% of employees claim their leaders have openly acknowledged existing inequities – according to new research by Henley Business School. Withmore than 3 out of 4 job seekers and employees (76%) reporting that a diverse workforce is an important factor when evaluating companies and job offers, it is clear that companies need to champion diversity and inclusion because it is morally right and also because it is important for business success. Deborah Gray outlines some key tips to help a business design a recruitment strategy that attracts a broader range of talented individuals while expressing the firm’s commitment to its values. Deborah Gray – Director at Totum Partners Finance Monthly. Bus i ne s s & Economy 25
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