Unlocking Success Through Diversity: A Review of McKinsey's Diversity Wins
Derryl Glaze • December 11, 2024
The report highlights actionable strategies, such as enhancing leadership accountability, ensuring fairness, and belonging.

The McKinsey report, "Diversity Wins: How Inclusion Matters," offers a compelling case for prioritizing diversity and inclusion (D&I) in the corporate world. It demonstrates that organizations with diverse executive teams significantly outperform less diverse peers, showcasing strengthened profitability and innovation. The report highlights actionable strategies, such as enhancing leadership accountability, ensuring fairness, and fostering a sense of belonging. By adopting these practices, companies can build resilient, inclusive cultures that thrive amid challenges.
Social listening involves actively engaging with and understanding the experiences and perspectives of employees, particularly those from underrepresented groups. This practice helps organizations identify areas for improvement, build trust, and create policies that resonate with employees’ actual needs. By incorporating social listening into their D&I strategies, companies can develop a culture that not only values diversity but also ensures every voice is heard and respected.
For deeper insights, explore the full report on McKinsey's website here.
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In today’s rapidly evolving business landscape, the emphasis on diversity, equity, and inclusion (DE&I) has never been more pronounced. Oracle’s recent blog post, "Five Ways Diversity and Inclusion Impact Your Business," delves into the profound impact that DE&I practices have on organizations. Here’s a comprehensive review of their compelling arguments and insights.

Microsoft's decision to incorporate diversity goals into performance reviews marks a significant step towards fostering a more inclusive workplace culture. By making diversity a measurable component of employee success, Microsoft is not only prioritizing social responsibility but also recognizing the strategic importance of diversity in driving innovation and competitiveness.

In a recent Harvard Business Review article, the authors state the value of belonging at work: "Humans are so fundamentally social that we can even bond with strangers over the very experience of not having anyone with whom to bond." Additionally, they state: "If workers feel like they belong, companies reap substantial bottom-line benefits. High belonging was linked to a whopping 56% increase in job performance, a 50% drop in turnover risk, and a 75% reduction in sick days. For a 10,000-person company, this would result in annual savings of more than $52 million." Whether it is for reasons related to company performance and the bottom line, or just an organization's desire to be employee-centric and sincerely focus on the human needs of its employees, leaders need to look for ways to help every employee feel welcomed, needed, wanted, valued, and that they have a genuine way to connect and contribute. 419-270-9017