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become measurably evident that companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians. Those in the bottom quartile less likely to achieve above-average returns. McKinsey analyzed management practices of several hundred companies and 5,000 leaders in industries such as transportation, technology, heavy industrials, manufacturing, communications, and professional services. What they found is companies in the top quartile for racial and ethnic diversity are 35 percent
orkplace diversity has been in discussion for several decades, but the topic didn’t start to become trend worthy until someone figured out how to prove that having a broad range of employees in a company not only satisfies legal EEOC requirements but also adds to the company’s bottom line. In the report “Diversity Matters” compiled by McKinsey & Company, researchers found that while employers know intuitively that diversity is important, in the last five years it is has
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Journal of Equipment Management
