Diversity climate, defined as an organizational climate characterized by openness towards and appreciation of individual differences, has been shown to enhance outcomes in culturally diverse teams.
Diversity climate has been defined in terms of the presence of organizational policies and structures that promote the position of designated groups, such as affirmative action and career advancement programs.
This type of diversity climate has been related to favorable business outcomes like employee retention, customer satisfaction and sales performance.
Source: Hofhuis, J., van der Rijt, P. G., & Vlug, M. (2016). Diversity climate enhances work outcomes through trust and openness in workgroup communication. SpringerPlus, 5(1), 714. https://doi.org/10.1186/s40064-016-2499-4
Diverse companies enjoy 2.5 times higher cash flow per employee.
Diverse management has been shown to increase revenue by 19 percent.
Gender-diverse companies are 15 percent more likely to surpass industry median financial returns.
3 in 4 job seekers and workers prefer diverse companies.
67% of millennial and generation Z employees value diversity when considering employment opportunities.