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28 Corporate Diversity Statistics for 2023

In an ever-changing globalized workplace, organizations must be cognizant of the importance of inclusiveness and diversity. Embracing them has a multiplier effect on motivation and job satisfaction for employees, which leads to an overall better performance in the workforce.

The Business Impact of Corporate Diversity

  • Companies with more diverse executive boards had 53% higher returns on equity (ROE), as well as higher earnings. (McKinsey, 2012)
  • Ethnically diverse organizations are more likely to have a 35% better performance. (Forbes, 2015)
  • Gender-diverse organizations are more likely to have a 15% better performance. (McKinsey, 2017)
  • 85% of CEOs reported that having a diversity strategy has enhanced business performance. (PWC, 2015)

The Importance of Diversity
& Inclusiveness

  • Women consider workplace diversity (72%) more important than men (62%). (Glassdoor, 2014)
  • 80% of respondents rate inclusion as an important issue and 39% said they would leave their current organization for a more inclusive one. (Deloitte, 2017)
  • 23% of respondents said they have already left an organization for a more inclusive one. (Deloitte, 2017)
  • 12 trillion could be added to global GDP by 2025 by improving gender equality. (McKinsey, 2015)
  • By 2044, traditionally unrepresented “minority” groups will reach majority status. (SHRM, 2017)

Leadership Diversity & Inclusion

  • 77% of CEOs plan to adopt a strategy that promotes diversity and inclusiveness. (PWC, 2015)
  • More than two-thirds of executives rate diversity and inclusion as an important issue. (Glassdoor)
  • Inclusive leaders can drive up to a 70% increase in individuals’ feelings of inclusion. (Deloitte, 2018)
  • A study of more than 20,000 firms in 91 countries found that companies with more female executives are more profitable. (ScienceDirect, 2016)
  • Women account for 39% of the total supply chain workforce, and only 11% of the executive leadership positions. (Gartner, 2019)

Diversity Training
and Education Vendors

Corporate Diversity:
Areas of Improvement

  • 40 countries out of 95 have extremely high levels of economic gender-inequality. (McKinsey, 2017)
  • Women of color potentially suffer from a double burden of bias, therefore they hold the smallest share of leadership roles. (McKinsey, 2017)
  • Only 4.1% of Fortune 500 CEOs are women. (Fortune, 2016)
  • Only 3.2% of Fortune 500 companies share diversity data. (Fortune, 2017)
  • 57% of employees think their company should improve diversity. (Glassdoor, 2014)
  • Diversity programs have a high failure rate (70%), mainly because management does not make them a priority, or does not believe in them. (McKinsey, 2017)
  • The labor force participation of workers who have professional certification is significantly higher (87.7%) than those without them (57.8%). (Bureau of Labor Statistics, 2019)

Corporate Diversity & Financial Impact

  • “Highly inclusive” organizations generate 2.3 times more cash flow per employee. (Glassdoor)
  • Organizations with inclusive cultures are twice as likely to meet or exceed financial targets. (Catalyst, 2018)
  • Companies in the bottom quartile of both gender and ethnic diversity were 29% less likely to achieve above-average profitability. (McKinsey, 2017)

Additional Benefits
of Inclusiveness

  • Inclusive businesses are 1.8 times more likely to be change-ready and are 1.7 times more innovative. (JoshBersin, 2015)
  • Millennials are 83% more actively engaged in their work when they believe their organization is inclusive. (Deloitte)
  • Minority workers can enjoy greater job satisfaction when representation exceeds 15% of the workforce. (McKinsey, 2017)
  • Diverse teams make 87% better business decisions when compared to individual decision-makers. (Cloverpop, 2018)

The benefits of inclusiveness have already been stated and proven, as such, the converse is also true, to not have policies would be damaging to companies in the long term.