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Business Alert: Diversity & Inclusion (D&I) – Good Business, Or a Matter Of Survival?

August 11, 2021

What is a diversity & inclusion (D&I) policy and why is it good business? How do you set yourself up for success? What are some practical takeaways to action now?

A firm’s D&I policy is broader than pursuing equity by gender or ethnicity; it can also tackle sexual orientation, class, age, religious preference and physical or mental disability. A diverse workforce breeds creativity and innovation, useful for both client service and running your own board room! Businesses that don’t operate diverse and inclusive workplaces see higher turnover rates as there’s a greater risk of a more hostile work environment developing. A McKinsey report found that the companies that performed worst on diversity were almost 30% more likely to underperform on profitability.