Here’s why. People drive business, organizations, and organizational change. As it turns out, the people poised to shape the future are more diverse than ever. According to research from Pew Research Center, the “post-millennial” generations entering the workforce will be the most diverse in history. McKinsey & Company estimates that, through 2030, 160 million women may need to change jobs thanks to automation. These are large groups of people, behind large and powerful workforce trends, that cannot be ignored. According to the same McKinsey & Company insights, there is $12 trillion in additional GDP on the table if we can find a way to close the gender gap by 2025. And there’s $2 billion in potential revenue if we can expand “financial inclusion efforts” to extend more services to black Americans. As an organizational imperative, DEI is here to stay.
Somen Mondal. “Why is Diversity, Equity, and Inclusion Important to Organizational Success?” Ideal, December 3, 2020, https://ideal.com/why-is-diversity-equity-and-inclusion-important/.
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