DEI trends that can boost performance in 2022
Diversity, equity, and inclusion (DEI) in executive teams has shown to improve the financial performance of a business, according to research by McKinsey. Data the business consulting company gathered from more than 1,000 large companies in 15 countries suggests that companies where women made up more than 30% of executives outperformed companies with fewer women executives in the past decade by as much as 48%. The most culturally and ethnically diverse companies outperformed less diverse businesses by as much as 36%.
Innovation and resilience, characteristics that distinguish diverse and inclusive companies, will be crucial as the global economy enters the third year of the pandemic. Otherwise, it will be difficult to bring about a systemic change in the workplace.
Also, factors such as talent shortages and supply chain disruptions have emerged in the past year that will shape the DEI landscape in 2022.
DEI trends that can boost performance in 2022.