Most diverse Companies : Andrew Motoblog

Most diverse Companies

New research reinforces the business case for diversity. How can organizations implement diversity initiatives that make a long-term impact?

If companies want to prosper and retain their business advantage, they would benefit from having a diverse workforce, new McKinsey research finds. Of 366 public companies analyzed, those in the top quartile for

Companies in the top quartile for gender diversity are 15% more likely to have financial returns above their national industry peers.

While correlation does not equal causation – greater diversity doesn’t automatically mean more profit – the link indicates that companies committed to diverse leadership are more successful.

“More diverse companies, we believe, are better able to win top talent and improve their customer orientation, employee satisfaction, and decision making, and all that leads to a virtuous cycle of increasing return, ” states the report.

The research also suggests that other types of diversity such as age, sexual orientation and global mindsets, are also likely to bring some level of competitive advantage for companies that are able to attract and retain diverse talent.

Screen Shot 2015-01-28 at 1.23.42 PM How Do You Diversify Your Teams?
Diversity is a catchphrase that is, sometimes, more trendy than it is helpful. I’ve attended countless meetings, seminars, networking events all waxing lyrical about the importance of it. The world’s most innovative companies – Google, Facebook and Apple, spend corporate dollars and branding towards promoting gender and racial diversity at their organizations. Yet, when it comes down to actual numbers, very few companies have a workforce that reflect our nation’s demographics. In fact, tech companies are notorious for the lack of ethnic and gender diversity.

But fostering a culture of inclusiveness starts at the top, says Shellye Archambeau, CEO of MetricStream. The Silicon Valley-based governance, risk and compliance firm raised $60 million from investors last fall, and a total of $125 million since its inception in 1999.

Archambeau, who sits on Verizon’s Board of Directors, is also the first African American female CEO of a Kleiner Perkins venture-backed company.

MetricStream’s chairman Gunjan Sinha is of Indian descent, and the company’s U.S. workforce is now over 56% non-white. But diversity at the company has been a long and focused effort. Archambeau advises companies against investing in blanket diversity initiatives that end up being more like bandaids than fostering a cultural change. Here are three that impacted representation at MetricStream.

Set Targets not Quotas

For diversity to make a business impact, representation must show at the top, says Archambeau.

Archambeau says more companies should be aware of the types of candidates they hire at every level, but especially for leadership roles. “It’s worth asking ‘are we looking at women candidates when screening for the top positions. Are we looking at racially diverse candidates?’”

You might also like

Why Most Corporate Diversity Programs Are Wrong-headed
Why Most Corporate Diversity Programs Are Wrong-headed
The 25 best companies for diversity in the US
The 25 best companies for diversity in the US
The 25 most diverse companies in the US
The 25 most diverse companies in the US
Allstate Ranks as One of America’s Most Diverse Companies
Allstate Ranks as One of America’s Most Diverse Companies
Navitas Naturals Navitas Naturals Organic Goji Berries, 1 Pound Pouches
Grocery (Navitas Naturals)
  • 100% certified organic, kosher, non-GMO, gluten-free, vegan and raw
  • Goji berries are one of the most abundant sources of antioxidants, and they re also a good source of protein, vitamin A and vitamin C
  • Goji berries provide diverse nutrition - with 20 minerals and vitamins including zinc, iron, phosphorus and riboflavin (B2) and beta-carotene
  • Enjoy goji berries as a healthy snack or add them to oatmeal, granola, cookies, cereal and trail mix
  • Food for modern life. Great for home consumption or use in your healthy restaurant or café.
UBI Soft Assassin's Creed IV Black Flag - Xbox 360
Video Games (UBI Soft)
  • A BRASH REBEL ASSASSIN: Become Edward Kenway, a charismatic yet brutal pirate captain, trained by Assassins. Edward can effortlessly switch between the Hidden Blade...
  • EXPLORE AN OPEN WORLD FILLED WITH OPPORTUNITIES: Discover the most diverse Assassin s Creed world ever created. From Kingston to Nassau, explore 50 unique locations...
  • BECOME THE MOST FEARED PIRATE IN THE CARIBBEAN: Command your ship, the Jackdaw, and strike fear in all who see her. Plunder and pillage to upgrade the Jackdaw with...
  • EXPERIENCE THE GRITTY REALITY BEHIND THE PIRATE FANTASY: Stand amongst legendary names such as Blackbeard and Benjamin Hornigold, as you establish a lawless Republic...
  • MULTIPLAYER EXPERIENCE: Play with your friends in the ruthless and critically acclaimed multiplayer experience. Choose from an eclectic cast of characters from the...
The Beistle Company International Flag Ceiling Decor Party Accessory (1 count) (1/Pkg)
Kitchen (The Beistle Company)
  • This item is a great value
  • 1 per package
  • International party item
  • Hanging Dec s - Ceiling Decor for festive occasions
  • High Quality
Nintendo Wii Play
Video Games (Nintendo)
  • Once you pick up WiiPlay s nine quick and easy games, you ll have a hard time putting them down!
  • Includes nine games total!
  • With the WiiRemote s intiuitive controls, anyone can master Billiards, Fishing, Shooting Range, and any of the Wii games with ease!
  • Play multi player games together with your friends with a diverse selection of different types of games!
  • This product comes with the game disk only, no Wiimote inlcuded!
Belkin Inc. Belkin Chambray Cover for Kindle Fire HDX (will only fit Kindle Fire HDX 7"), Blacktop
Digital Device Accessory (Belkin Inc.)
  • Certified Made for Kindle Accessory for Kindle Fire HDX 7 (will not fit Kindle Fire HD or Kindle Fire HDX 8.9 )
  • The adjustable stand moves to give you the most comfortable viewing experience
  • The secure strap closure keeps the cover closed and your Kindle Fire HDX 7 screen protected
  • Molded cover ensures a snug fit for your tablet

Copyright © . All Rights Reserved