While most businesses now recognise the correlation between having a diverse workforce and financial performance, finding solid data on the link has been harder to come by.
However, new research by Henley Business School shows exactly that: that businesses which treat their employees equally reap financial benefits. More specifically, it found that organisations which implement practical equity measures, particularly with regards to race, reported up to 58% higher income than organisations which do not.
The report, The Equity Effect, surveyed more than 500 business leaders and 1,000 employees of all ages, genders and ethnicities, across all industries. It also analysed business performance and diversity data from the top 100 companies listed on the FTSE 350.