PCBC 2018

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Why Diverse Teams Outperform the Competition (Room 307, Level 3)

Increasing workplace diversity is not only an enlightened thing to do—it’s a smart business decision. A McKinsey report on 366 public companies found that those in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean. A global analysis by Credit Suisse revealed that organizations with at least one female board member yielded higher return on equity and growth than those with none. And research has recently revealed another benefit of workplace diversity: non-homogenous teams are simply smarter. Working with people who are different from you, it seems, may challenge your brain to overcome its stale ways of thinking and sharpen its performance. This hard-hitting discussion is not about setting quotas or sensitivity training—it’s about what will make our organizations and our industry better, and how we’re going to get there.