Diverse problems require creative solutions
Our clients face a wide range of challenges, and diverse problems require creative solutions. At Treaty, our diversity allows us to draw on a broad spectrum of perspectives, fostering creativity and enabling us to deliver truly innovative outcomes.
Diversity has been one of Treaty’s greatest strengths, and we actively encourage other companies to embrace it too. It’s not only beneficial for your community, but it’s also good for business. Time and again, diversity in the workplace has been linked to stronger performance, greater innovation, and improved decision-making.
1. Increased Financial Performance
Organisations with diverse teams often outperform their peers financially.
A 2023 McKinsey & Company report found that companies in the top quartile for gender diversity on executive teams were 39% more likely to outperform those in the bottom quartile on profitability.¹
Ethnic and cultural diversity also showed a strong positive correlation, with the most diverse companies outperforming by 36%..
2. Enhanced Innovation
Diversity fuels innovation by combining varied perspectives and lived experiences.
- A Boston Consulting Group (BCG) study of 1,700 companies
across eight countries revealed that those with more diverse management teams enjoyed 19% higher innovation revenue—defined as income from new products and services introduced in the past three years.²
.
3. Better Decision-Making
Diverse teams make better decisions, more often.
- Research published in Harvard Business Review found that diverse teams outperformed individual decision-makers up to 87% of the time and were faster to implement decisions3.
4. Improved Talent Attraction and Retention
Diversity and inclusion improve employee satisfaction and reduce turnover.
- Glassdoor reports that 76% of job seekers and employees consider a diverse workforce important when evaluating companies and job offers4.
5. Stronger Market Understanding
A diverse workforce is better equipped to understand and serve diverse markets.
- According to Deloitte, inclusive teams are 2 times more likely to meet or exceed financial targets and 6 times more likely to be innovative and agile5.
Sources
- McKinsey & Company, Diversity Matters Even More, January 2023.
- Boston Consulting Group, How Diverse Leadership Teams Boost Innovation, January 2018.
- Rock, D. & Grant, H. (2016). Why Diverse Teams Are Smarter, Harvard Business Review.
- Glassdoor, What Job Seekers Really Think About Your Diversity and Inclusion Stats, 2020.
- Deloitte, The Diversity and Inclusion Revolution, 2018.
The people at Treaty include:
•33% Women
•Multicultural Team from 4 Continents (Africa, Europe, South America, Asia and North America
•LGBTQI+ Representation
•Neurodivergence