11 Key Diversity & Inclusion Statistics Every Business Should Know

In today's global workforce, diversity, equity, and inclusion (DEI) initiatives are more important than ever for companies to implement. DEI in a business context means creating a workplace environment that is welcoming, respectful, and provides equal opportunities for all employees regardless of their race, gender, age, sexual orientation, religion, or other characteristics.

Prioritizing workplace diversity and inclusion is not only the right thing to do, but it also brings tangible benefits to organizations. Numerous studies have shown that diverse and inclusive companies tend to be more innovative, productive, and profitable. Here are 11 key DEI statistics that demonstrate why every business should make diversity and inclusion a top priority:

  1. Diverse companies are 70% more likely to capture new markets. (Source)

  2. Diverse management teams lead to 19% higher revenue due to innovation. (Source)

  3. 67% of job seekers consider workplace diversity an important factor when considering employment opportunities. (Source)

  4. Inclusive companies are 1.7 times more likely to be innovation leaders in their market. (Source)

  5. 83% of millennials are actively engaged when they believe their organization fosters an inclusive culture. (Source)

  6. Racially and ethnically diverse companies outperform industry norms by 35%. (Source)

  7. Gender-diverse companies are 15% more likely to outperform their peers. (Source)

  8. Companies with more women on the board statistically outperform their peers over a long period of time. (Source)

  9. Companies with higher-than-average diversity had 19% higher innovation revenues. (Source)

  10. 85% of CEOs say having a diversified workplace improves their bottom line. (Source)

  11. Belonging is linked to a 56% increase in job performance and a 50% reduction in turnover risk. (Source)

These diversity facts and workplace diversity statistics clearly show that prioritizing DEI is a business imperative. But how can companies create a culture of belonging where all employees feel valued and engaged?

Some strategies include:

  • Setting measurable DEI goals and holding leaders accountable

  • Providing unconscious bias training for employees at all levels

  • Establishing employee resource groups (ERGs)

  • Celebrating diverse holidays and cultural events

  • Ensuring inclusive language is used in all communications

  • Promoting pay equity and transparent promotion processes

  • Regularly seeking feedback and input from diverse employees

By taking proactive steps to embed diversity, equity, and inclusion into all aspects of the employee experience, companies can reap the many proven benefits of having a diverse workforce. Creating a workplace where everyone feels like they belong isn't just good for people - it's good for business.

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