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The Business Case for Diversity in the Workplace Is Now Overwhelming
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The Business Case for Diversity in the Workplace Is Now Overwhelming

Vijay Eswaran
World Economic Forum, 2019
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Editorial Rating

8

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  • Applicable
  • Visionary
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Recommendation

Real change usually comes about because it’s more convenient or financially feasible; diverse workplaces are no exception. In this World Economic Forum article, Vijay Eswaran, the executive chairman of the Hong Kong-based QI Group, cites research, surveys and history to lay out his case for workplace diversity. There’s much more justification for pursuing a diverse workplace than believing that it’s the right thing to do or that it’s good for PR. Increased innovation, better profits and the ability to attract talent might prove more persuasive.

Take-Aways

  • Research from the Boston Consulting Group suggests that diversity in the workplace increases innovation, which improves profitability.
  • Another report from McKinsey & Company suggests that diversity improves financial performance and delivers a competitive edge.
  • Millennials judge prospective employers by their diversity, and because the younger generation will make up 75% of the workforce by 2025, this could have a profound effect on hiring.

About the Author

Vijay Eswaran is the executive chairman of the QI Group and the author of In the Sphere of Silence.

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    V. Z. 1 year ago
    Very Interesting
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    N. Y. 1 year ago
    Very informative
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    X. Y. 2 years ago
    "Forward-thinking companies should be looking for ways to employ and empower more women at work – not just as a moral obligation, but also as a sound business strategy". Can't agree more! :)