Women and racial minorities: the relationship between diversity in the workplace and financial performance

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

On average 40% of the employees are female and 40% are from racial minorities while the mean percentage of women managers is 34% and 29% for racial minorities. Companies with 45% women managers and over have a significantly higher profit margin than those with the lowest percentages and those with 48% racial minority managers and over also have a significantly higher profit margin than those with the lowest percentages.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2024), "Women and racial minorities: the relationship between diversity in the workplace and financial performance", Human Resource Management International Digest, Vol. 32 No. 3, pp. 18-20. https://doi.org/10.1108/HRMID-02-2024-0037