In the workplace, employee diversity can be a source of competitive advantage. Here are a few specific advantages:<\/p>\r\n
Consider Apple\u2019s Health App<\/a> which claims to allow you to \u201ckeep tabs on a wide array of data that matters to you\u2014from measurements of your blood pressure and blood glucose to records for your weight and reproductive health.\u201d Despite the promised capability to track reproductive health, the app was launched in 2014 without a tool for monitoring menstrual cycles in what was critiqued as a stereotypical case of gender blindness. TechCrunch writer Sarah Perez summarized the disconnect, noting that menstrual tracking is a key function that \u201croughly half the population would expect to see included in a comprehensive health tracking app.\u201d And as Perez noted,<\/strong> perhaps that\u2019s not surprising given that 80 percent of Apple\u2019s engineering staff is male.<\/p>\r\n Perez concludes: \u201cthe issue with the Health app is a perfect example of how not having the right [gender] balance internally can actually impact innovations and technology developments.\u201d[footnote]Perez, Sarah. \"Apple Stops Ignoring Women\u2019s Health With iOS 9 HealthKit Update, Now Featuring Period Tracking.\" Tech Crunch<\/em>. 9 Jun 2015. Web. 26 June 2018. https:\/\/techcrunch.com\/2015\/06\/09\/apple-stops-ignoring-womens-health-with-ios-9-healthkit-update-now-featuring-period-tracking[\/footnote] It took Apple over a year after the product\u2019s initial launch, to add the feature.<\/p>\r\n<\/section>\r\n For a financial performance view, let\u2019s consider [pb_glossary id=\"2710\"]McKinsey & Company\u2019s[\/pb_glossary] research on diversity in the workplace. In a 2023 report titled Diversity Matters Even More<\/a><\/em>, McKinsey highlights the following findings, based on the composition of top management and boards:<\/p>\r\n In their 2023 publication, McKinsey again reported finding a positive, statistically significant correlation between executive team diversity and financial performance. Although correlation is not causation, the report notes that the relationship between diversity and performance that has persisted over time, across different industries and regions around the world.[footnote]Hunt, D. V., Dixon-Fyle, S., Huber, C., Mart\u00ednez M\u00e1rquez, M. D. M, Prince, S., and Thomas, A. \u201cDiversity Matters Even More: The Case for Holistic Impact.\u201d McKinsey & Company<\/em>. December 5, 2023. https:\/\/www.mckinsey.com\/featured-insights\/diversity-and-inclusion\/diversity-matters-even-more-the-case-for-holistic-impact[\/footnote] They also note that \"the business case is the strongest it has been since we\u2019ve been tracking and, for the first time in some areas, equitable representation is in sight. Further, a striking new finding is that leadership diversity is also convincingly associated with holistic growth ambitions, greater social impact, and more satisfied workforces.\"[footnote]Id.[\/footnote]<\/p>\r\n [ohm2_question height=\"500\"]14866[\/ohm2_question]<\/p>\r\n<\/section>","rendered":" In the workplace, employee diversity can be a source of competitive advantage. Here are a few specific advantages:<\/p>\n Consider Apple\u2019s Health App<\/a> which claims to allow you to \u201ckeep tabs on a wide array of data that matters to you\u2014from measurements of your blood pressure and blood glucose to records for your weight and reproductive health.\u201d Despite the promised capability to track reproductive health, the app was launched in 2014 without a tool for monitoring menstrual cycles in what was critiqued as a stereotypical case of gender blindness. TechCrunch writer Sarah Perez summarized the disconnect, noting that menstrual tracking is a key function that \u201croughly half the population would expect to see included in a comprehensive health tracking app.\u201d And as Perez noted,<\/strong> perhaps that\u2019s not surprising given that 80 percent of Apple\u2019s engineering staff is male.<\/p>\n Perez concludes: \u201cthe issue with the Health app is a perfect example of how not having the right [gender] balance internally can actually impact innovations and technology developments.\u201d[1]<\/sup><\/a> It took Apple over a year after the product\u2019s initial launch, to add the feature.<\/p>\n<\/section>\n For a financial performance view, let\u2019s consider McKinsey & Company\u2019s<\/a> research on diversity in the workplace. In a 2023 report titled Diversity Matters Even More<\/a><\/em>, McKinsey highlights the following findings, based on the composition of top management and boards:<\/p>\n In their 2023 publication, McKinsey again reported finding a positive, statistically significant correlation between executive team diversity and financial performance. Although correlation is not causation, the report notes that the relationship between diversity and performance that has persisted over time, across different industries and regions around the world.[2]<\/sup><\/a> They also note that “the business case is the strongest it has been since we\u2019ve been tracking and, for the first time in some areas, equitable representation is in sight. Further, a striking new finding is that leadership diversity is also convincingly associated with holistic growth ambitions, greater social impact, and more satisfied workforces.”[3]<\/sup><\/a><\/p>\n\r\n\t
Advantages of Employee Diversity<\/h2>\n
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Apple’s Health App<\/h3>\n
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