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Delivering Through Diversity - McKinsey& Company (2018)
Company Level: Any SizeType: Informational and ImplementationOur latest research improves our understanding of the correlation between diversity and company financial performance, and of the action’s companies can take to develop a robust I&D strategy, in five ways:
- Expanded, updated data set. We nearly tripled the number of countries and companies researched to 12 countries and more than 1,000 companies globally.
- Exploring diversity at different levels of the organization. We correlated financial performance with the diversity of a company’s total workforce, executive team, and board of directors, and within executive teams, we contrasted diverse representation in line versus staff roles.
- Additional lens on financial performance. We measured profitability, using EBIT margin, and longer-term value creation, using economic profit margin.
- Broader, more holistic understanding of diversity. We considered through qualitative research how both inherent (e.g., gender, ethnicity and, where possible, sexual orientation) and acquired (e.g., international work experience, education and training, socioeconomic background) forms of diversity relate to financial performance.
- Insight into company best practices. We developed in-depth profiles of 17 leading companies, articulating how they use diversity and inclusion to create value in their specific industry and geographic contexts.
This research extends and deepens the quantitative correlation analysis approach taken by Why Diversity Matters, and complements it with qualitative company research, with the practical aim of sharing insights from the experiences of companies effectively engaging with I&D.
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Using Evidence to Drive Hiring and Investment
Company Level: Mid-size employer (250-1000 total employees)Type: Informational and ImplementationHow Mercy Health, West Michigan is making the case for investing in frontline workers' skills and careers.
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EY | D&I Best of The Best
Company Level: Any SizeType: InformationalEY Shares D&I definitions, how it drives performance, their D&I journey, success measures and external recognition.
EY | D&I Best of The Best LinkTAGS
EY | Research reveals significant correlation between women in corporate leadership and profitability
Company Level: Any SizeType: InformationalNew research from The Peterson Institute for International Economics and EY shows that having more female leaders in business can significantly increase profitability.Study shows that an organization with 30 percent female leaders could add up to 6 percentage points to its net margin.
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Employee Resource Groups and Council Honors Award
The ERG & Council Honors Award™ is the premiere annual national award that recognizes, honors and celebrates the outstanding contributions and achievements of Employee Resource Groups and Diversity Councils. Completing the application provides ERGs with a comprehensive process for internal assessment and measurement, as well as comparative data.
http://www.ergcouncilconference.com/diversity-council-honors-award.htmlTAGS
TalentFirst | 2015 Inclusion Interview Reports
Company Level: Any SizeType: Informational and ImplementationThe purpose of this report is to educate TalentFirst member companies and the West Michigan employer community on effective strategies used by local companies to attract and retain diverse talent. The interviews, focus groups, and survey were centered on gender, race, ethnicity, family structure, and veteran inclusion. The strategies and recommendations are based on the results of these interviews as well as other data collected.
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Miller Johnson Attorneys | Diversity + Inclusion Report, 2018
Company Level: Any SizeType: InformationalThis report highlights Miller Johnson’s mission, D&I committee, key statistics, partnerships, and community engagement.
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Company Level: Any SizeType: ImplementationThe survey tool provides employers with confidential baseline data to better understand your organization’s current state from a demographic and cultural perspective.
In addition to the confidential baseline data provided to employers, the survey also offers confidential aggregate data from all survey respondents that can help us measure and report regional progress over time. The survey measures two key areas.
- Demographics: This includes the gender and racial diversity of your workforce, leadership, and board.
- Cultural: The implementation of best practices that contribute to building an inclusive culture.
Employers have found the tool helpful for strategic planning and incorporating D&I into various functions of their business. The survey is administered by DataWise and based on Global Diversity, Equity & Inclusion Benchmarks: Standards for Organizations Around the World. On average, the electronic survey takes one (1) hour to complete if you have the requested data readily available. Please allow for additional time to collect demographic data, discuss your responses with various internal stakeholders and debrief your individual scores after.
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