The ability to invite, leverage and learn from different perspectives is key to delivering for our clients.
Diversity is about differences. At EY, we think broadly about differences, which include nationality, background, education, gender, ethnicity, generation, age, working and thinking styles, religious background, sexual orientation, abilities, experiences, and technical skills. There are also differences according to geography, service line, sector and function.
Inclusiveness is about leveraging these differences to achieve better business outcomes. It is about creating an environment where all our people feel and are valued – where they feel they belong and contribute their personal best in every encounter.
We believe that only the highest-performing teams that maximize the power of different perspectives and backgrounds will succeed in the fast-changing environment brought by globalization. These teams are both diverse and inclusive, able to invite and learn from other perspectives. Our ability to include various viewpoints into our mindsets, behaviors and operations is fundamental to driving innovation, building strong relationships and delivering the best approaches for our clients.
It is more important than ever for organizations to create an environment where employees feel like they belong while also celebrating and recognizing uniqueness. It is fundamental to building an inclusive environment where all may thrive and relationships and innovation flourish.
Diversity and inclusiveness drives performance across industries. Companies with diverse teams are 45% more likely to improve market share, and 70% more likely to capture a new market. Companies with more diverse leadership teams report 19% higher innovation revenues. Inclusive teaming and leadership create environments where all people on diverse teams are likely to feel a sense of belonging. In such inclusive environments, employees are more engaged, 50% more productive and 3.5 times more likely to contribute their full innovative potential, according to a research report by the Center for Talent Innovation.