The ability to hire, develop, promote and retain talented employees, at all levels, is key to the success of a company. In recent times, the demographic composition of the available labor pool has changed which significantly complicates these efforts.
"In 2010, the U.S. workforce was half women and nearly 30% Black, Asian, Native American and Hispanic". Source: U.S. Department of Labor, 2009, 2010.
"One billion women participate in the workforce worldwide..." Source: Silverstein and Sayre, Boston Consulting Group, "Women Want More: How to Capture More than your Share of the Female Economy", 2009.
"Well managed, diverse teams outperform homogeneous groups of equal ability". Source: Hong and Page, Princeton University, "Problem Solving by Heterogeneous Agents", 2000.
"Companies that intentionally managed their culture significantly outperformed those that did not. For example, revenue growth over 10 years, of 682% versus 166%, and stock price increases of 901% versus 74%". Source: Kotter and Heskett, Corporate Culture and Performance, 1992.
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Business Case for Diversity