25 Diversity, Equality and Inclusion Statistics You Should Know About

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Over the last few years promoting diversity, equality and inclusion (DEI) within the workforce has been a priority for organisations across the globe. Organisations are now recognising the significance of building a diverse workforce, it's no longer something organisations say is necessary but something that affects everything they do. The advantages of implementing DEI incentives within any organisation are vast, with no downsides in the slightest. From increased employee engagement to attracting new talent to the organisation, having a diverse workforce is simply one of the best things you can have to be highly successful and productive.

Diversity within the workforce is about treating employees with respect no matter their religion, race, gender, sexuality, age or other aspects. It's about making employees feel a sense of belonging and that their ideas and views won't be dismissed due to any aspect of their personhood. A diverse workforce is a happy workforce, promoting engagement and innovation, a place where everyone has an equal voice to air their opinions and experiences. To illustrate the value of a diverse workforce, we've compiled a list of 25 DEI statistics:

1. Organisations with a more than average level of diversity detected 19% higher innovation revenues. (Source)
2. 92% of business leaders believe that a workforce education program would help an organisation achieve D&I goals. (Source)
3. 69% of executives state that diversity and inclusion is an essential issue. (Source)
4. 70% of diverse companies are more likely to capture new markets compared to competitors. (Source)
5. Studies determine that a diverse team is 87% better at decision making within the workplace. (Source)
6. In the U.S, if 1% more people with a disability were hired, GDP would increase by $25 billion. (Source)
7. Companies in the top 25% for racial/ethnic diversity are more likely to exceed their opponents. (Source)
8. Diversity can enhance team innovation by 20%. (Source)
9. Organisations with a more diverse workforce, have 2.3 times higher cash flow in contrast to their competitors. (Source)
10. Generations are becoming more diverse, with 57% of millennials in the United States being white, compared to 72% of Baby Boomers. (Source)
11. 57% of the workforce think that companies should be doing more to boost diversity. (Source)
12. The amount of diverse employees has doubled from 1980 to 2020. (Source)
13. 67% of job seekers view diversity as a fundamental factor for determining what organisation they want to work for. (Source)
14. A shocking 41% of managers declare that they’re “too busy” to create diversity and inclusion initiatives. (Source)
15. Only 4.1% of Fortune 500 companies have a woman CEO. (Source)
16. There are more male CEOs in Fortune 500 companies named John (5.3%) or David (4.5%) compared to women. (Source)
17. Gender diverse companies on average make 25% more than those with less gender diversity within their workforce. (Source)
18. 70% of men feel satisfied with how decisions are made within their organisation as opposed to 40% of women. (Source)
19. Men are twice as likely to be hired, no matter the gender of the hiring manager. (Source)
20. 48% of Gen Z amount to racial or ethnic minorities. (Source)
21. 40% of individuals believe there is a double standard against women. (Source)
22. Only 3.2% of executive and senior management positions are made up of black employees. (Source)
23. Companies with a diverse workforce are 6x more likely to be innovative. (Source)
24. Companies with inclusive cultures are 8x more likely to achieve better business outcomes. (Source)
25. 35% of LGBQT+ employees have hidden their sexuality at work due to fear of discrimination. (Source)

As you can see, there are many benefits of increasing DEI incentives within the workforce, however, there are still some huge improvements that should be made to create a happier and healthier workplace for all employees. Every employee should feel free to express their opinion and go to work without the fear of being discriminated against. If DEI isn’t a main priority for your organisation, you need to seriously reconsider it. Mentoring is a great way to tackle DEI challenges within an organisation, to find out more information or request a free demonstration with us, click here.