CIO publisher IDG commissioned us for this article on diversity in the workplace for their client, Domo.
According to McKinsey & Company, the most ethnically diverse companies are 35% more likely to outperform their industry peers in revenue. And those with the highest gender diversity are 15% more likely to do better financially.
Yet even though the research on the benefits of a more diverse workplace is clear, companies still struggle to recruit, retain, and promote diverse talent. Companies fall short in this area for a variety of reasons, according to diversity experts interviewed for this post.
There is cause for optimism, however. The experts also revealed some surprisingly simple steps company leaders can take to break down the barriers to more diverse and inclusive workplaces that will not only better support people working there but also boost the bottom line.