Increasing diversity in management is good for productivity, a study suggests
Aleksandar Georgiev/Getty Images
diversityin upper and lower managementresults in greater employee productivity, per a June 9 study in the Academy of Management Journal.
- Researchers Orlando Richard, María del Carmen Triana, and Mingxiang Li analyzed 201 high-tech firms' EEO-1 data — a federally mandated survey that requires categorizing employment data by race/ethnicity, gender and job category.
- The report found that a 1% increase in racial diversity in management increased a tech firm's productivity by $729 per employee and a Fortune 500 firm's productivity by $1,590 per employee.
- Additionally, the study suggested that firms with less diverse upper and lower management were also less capable of "making good business decisions, absorbing information, and obtaining a competitive advantage," HR Dive reported.
- Read more on HR Dive.
- While COVID-19 is making millions gasp for breath in India, state administrations are trying to hoard oxygen
- On Earth Day, companies commit to adopt more sustainable practices in an attempt to safeguard our tomorrow
- Tiger Global makes its first crypto investment in India making Coinswitch Kuber worth half a billion dollars
- Best pulse oximeters to keep a check on your SpO2 readings
- Poaching doubled during the lockdown in India due to the 'three F's', and these are the animals most under threat