Diversity and Beyond
Diversity and Beyond

Business Case for Diversity and Inclusion 

A compelling business case for diversity and inclusion is a prerequisite for commitment, resources, deliberate actions and results. Over 20 years of research demonstrates a correlation between diverse organizations and several measures of organizational success. Diversity is linked to employee satisfaction, improved governance, and innovation. Fortune 500 companies with the most women on board of directors often outperformed companies with the least.

Organisations that lack a focused business imperative tend to follow an ad-hoc approach that often results in partial results. Our structured approach develops a specific and customised business case for our clients.

 Some of the questions that help determine the business case for diversity and business:

 

  • Competing for clients in the global marketplace?
  • Compliance with the law of the land?
  • Run the risk of reputation from not respecting diversity values of your client?
  • Creating an inclusive culture and developing a pipeline of diverse future leaders?
  • Recruiting and hiring the best minds in the field reflecting the diversity of your clients?
  • Reducing costs associated with attrition?
  • Implement strategies to cultivate long-term relationships with diverse vendors/suppliers?
  • Meet and exceed current and prospective client or customer demands for diversity and inclusion?

We know intuitively that diversity matters.

Research shows that a diverse company does better, in terms of business, as companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians; it is very likely that diversity is a competitive differentiator that shifts market share toward more diverse companies over time

 
 
Diversity and Beyond specializes in assisting large to medium-sized businesses keen to build or strengthen its Diversity and Inclusion mandate driven by benefits to business, legal reasons or because it is the right thing to do.