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Diversity matters even more in 2023 than before: There is a correlation between diversity and holistic impact metrics for gender and ethnicity !

By | Nicolas BEHBAHANI | Global People Analytics Leader @ Future of Work with HR KPIs expertise

💡 Gender diversity is strongly correlated with impact across all components, especially at board level and companies in the top quartile for gender diversity are 39% more likely to outperform peers!

📈 Considering the “talent attraction and retention” and “labor practice” indicators, a 10% increase in women on Leadership team is correlated with an around 2.1 point increase in each score.

💪 While ethnic diversity had a slow start on boards, significant progress has also been made here in recent years. The more diverse the leadership team, the more likely they are to have made public, mature commitments to diversity, equity, and inclusion (DEI) in their decision-making strategies.

📣 There is a strong correlation between diversity in influential company leadership roles and multiple indicators of holistic impact across workforce, community, and environmental components. Companies in the top quartile for both gender and ethnic diversity in executive teams are on average 9% more likely to outperform their peers, according to a new interesting research published by McKinsey & Company using data 📊 from 1,265 companies across 23 countries.

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