The thought-provoking article below is the second in our series of essential reads ahead of the Women in Leadership Forum and the Pharma Insight Briefing on Diversity & Innovation, which will take place this October 5 and 6, respectively, during the CPhI Congress in Barcelona. Borderless Consultants Rosalie Harrison, June Nilsson and Niels-Peter van Doorn will present.
The Diversity Matters report from global research company McKinsey highlights the benefits of gender and ethnic diversity to business. The study of 366 public companies in North and Latin America, and the UK showed that companies in the top quartile for women in management roles are 15% more likely to have earnings above the median for their industry. When it comes to racial and ethnic diversity, this figure jumps to 30%.
Fostering diversity requires intent, will and commitment, and there are clearly strong business drivers to support companies who make the effort.
Can’t attend CPhI this year? We’d be happy to come to your business or your conference to discuss these issues further in an alternative forum. Contact us at leaders@borderless.net.
This week’s read: Why Diversity Matters (McKinsey)>
Enjoy the read and we invite you to share your thoughts on why diversity matters via Twitter @borderlessexec #WomeninLeadership #DiversityMatters.
Bonus summer reading:
The vast majority of business leaders responding to a recent survey said they’re concerned they can’t train employees quickly enough to keep up with AI and tech developments in the next three years. A similar amount said AI and other tech disruptions will require companies to rethink skills, resources and new ways of doing work.
If you were to ask a random person on the street what an HR professional does, their answer would probably be conflict resolution, or that HR folks deal with employee salaries and benefits. And while that is part of an HR professional’s responsibilities — to ensure employee safety, respect and accountability — that doesn’t even scratch the surface.
With remote work destined for good to be a fixture of the modern workplace, almost half of companies are monitoring remote employees’ online activities. Monitored activity can include active work hours, websites visited, chats, and messaging logs. Almost a third (31%) of respondents said their employers are monitoring their computer screens in real-time.
