The Business Case for Diversity & Inclusion
It's the right thing to do from a societal and bottom-line perspective.
Gender Diversity
Companies in the top quartile for gender diversity on exec teams were
25%
more likely to have above-average profitability than companies in the fourth quartile.
McKinsey
Ethnic Diversity
Companies in the top quartile for ethnic diversity were
36%
more likely to have above-average profitability than companies in the fourth quartile.
McKinsey
How D&I drives profitability:
- Positive company brand and reputation. Companies that are dedicated to building and promoting diversity in the workplace are seen as more human and socially responsible organisations, both in the eyes of consumers and employees.
- Recruiting and retaining the best talent. By presenting diversity at a senior level, equality of opportunity and freedom from bias, insurance businesses will appeal to a more diverse pool of potential employees, bringing unique perspectives and experiences to the business.
- Building a more sustainable business. A diverse workforce will be more reflective of the diverse UK consumer base, enabling the creation of products and services which will remain relevant into the future. Diversity fosters innovation, creativity and problem-solving.
83%
of Gen Z candidates said that a company’s commitment to diversity and inclusion is important when choosing an employer
Monster.com