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Diversity is correlated with greater financial returns

Diversity is not just a moral imperative – it’s proven to be good for business.

Newsrooms often blame a lack of diversity on the industry’s declining fortunes – job cuts and hiring freezes. That should not be accepted as a valid excuse, and this research from McKinsey proves it: companies in the top quartile for racial and ethnic diversity are 35 percent more likely to outperform companies in the bottom quartile. Gender diverse companies are 15 percent more likely to outperform. Moral and ethical arguments aside, this McKinsey report provides a compelling business case to prioritize staff diversity.