“Susanne Moore • Mike and others, I am currently researching the Impact on Profit of Gender Diversity Programs. Just because no one has been able to prove a causal link doesn’t mean one doesn’t exist. It also doesn’t mean that one does exist. You can see more about the research here. https://gendereconomics.com/2012/10/16/diversity-economics-research-the-profit-impact-of-organisational-gender-diversity-programs/.
What I do know is that the world has changed and CEO’s (and I was also one of those) do need to manage a complex and diverse resource group in a global environment. You only need to look at outsourcing to India and the Philippines to know that things have changed and managers need to understand how to manage that diversity. Does this make good economic sense and increase bottom line profit? It must otherwise we are foolish to continue with the outsourcing scenario. My area is Gender Diversity (meaning both genders) but diversity that we are talking about here is much broader so it shouldn’t be confused with misogyny, racism and bigotry. Of course, no company can spend money on fruitless social experiments, we need to make money and keep progressing. Image a world where only the educated were in power, where we limited education to children of certain gender and ethnicity (and this is currently happening), we don’t know what potentially brilliant new ideas we are missing out on. Much of the diversity debate at a social level is about providing access to those potentially talented resources that would not be found unless there was a more level playing field. I believe that there is an improved hit to the bottom line in terms of innovation and creativity, and a diverse way of thinking that a bunch of ‘like’ people can’t provide. If my research proves otherwise then so be it.”
I have included these comments here because I think it is important as Diversity and Gender Economists to hear the discourse around this subject. There is clearly uncertainly and some fear that things are changing. Understandable. Things are changing. We are in a diverse global economy, like it or not. We will need to draw on all the diverse resources at hand, men, women, older workers, migrant and re-skilled workers. We also need to learn how to manage the complex workforces that blend baby boomers and older workers with Gen X and Gen Y. The economics are slightly different for every country, but no less complex and, in my opinion no less diverse.