Research has found again and again that a diverse team is a strong team capable of driving better bottom-line results than a non-diverse team.
A new infographic from Adecco (shown at the end of this article) provides a timeline of workplace diversity as well as some key statistics that prove how important diversity is to company success.
As you’ll see from the numbers, huge strides have been made to better diversify company workforces. However, there is still much that needs to be done to ensure a company’s composition of employees is representative of the customers it serves.
Here are some of the key statistics from the infographic:
- Firms that make a commitment to achieve goals related to the glass-ceiling perform 250% better in the stock market than companies that do not make the same commitment.
- Companies with a high rate of racial diversity have 15-times higher sales revenues than companies that are not as racially diverse.
- 83% of executives agree that having a diverse workforce improves the ability of their companies to capture and retain a diverse client base.
- 85% of large global enterprises believe that diversity is critical to fostering innovation in the workplace.
- 79% of companies believe that diversity initiatives have had a positive effect on company culture.
In Corporate America, diversity decreases as employees climb the corporate ladder. According to the data in the infographic, 95.8% of Fortune 500 CEOs are caucasian, and 96.4% of Fortune 500 CEOs are male.
Progress is being made to diversify management and leadership teams, but that progress is extremely slow. In 2011, 13.8% of management roles were held by ethnically diverse employees, and in 2012, that number had only grown to 15.1%. Similarly, in 2011, 7.7% of executive roles were held by ethnically diverse employees, but that number did grow to 10.5% in 2012.
You can see all of the data in the infographic below.
Diversity In The Workplace [Infographic] by the team at Adecco USA