Companies with a gender and ethnically diverse perform better than those without, according to a survey by McKinsey. It examined 12 businesses across more than 1,000 countries, and revealed the most gender diverse firms were 21% more likely to experience above-average profitability, a figure which increased to 33% for the most ethnically diverse companies. The survey said the tech industry was leading the charge for ethnic diversity, while the financial services sector had the greatest gender diversity. However, McKinsey also found men were "significantly over-represented" in UK executive roles.
Companies with a gender and ethnically diverse perform better than those without, according to a survey by McKinsey. It examined more than 1,000 businesses across 12 countries, and revealed the most gender diverse firms were 21% more likely to experience above-average profitability, a figure which increased to 33% for the most ethnically diverse companies. The survey said the tech industry was leading the charge for ethnic diversity, while the financial services sector had the greatest gender diversity. However, McKinsey also found men were "significantly over-represented" in UK executive roles.