No organization can predict or control the ups and downs of the economic landscape in which it operates. And yet, at some point, every business makes the brave decision to build a product, grow a company and recruit and hire a workforce – despite the uncertainty.
In an effort to insulate themselves from the risk of the unpredictable, many companies have explored the benefits of increasing diversity among employees. And to some extent, these superficial efforts have shown promise, with research showing that companies in the top quartile for racial and ethnic diversity are 35% more likely to outperform their national industry medians.