This morning I was saddened to learn of the death of Sylvia Robinson, producer of Sugarhill Gang’s 1979 “Rapper’s Delight”, which is one of my all time favorite songs.
I often think of the words in the beginning of the song: “To the black, to the white, the red and the brown, the purple and yellow.” The Sugarhill Gang clearly saw the importance of diversity and inclusion but I want to take it one step further.
Collectively when you put all those “colors” together, guess what you end up with? You end up with GREEN! As in what you would find at the bottom of a diverse companies income statement!
I often think of the words in the beginning of the song: “To the black, to the white, the red and the brown, the purple and yellow.” The Sugarhill Gang clearly saw the importance of diversity and inclusion but I want to take it one step further.
Collectively when you put all those “colors” together, guess what you end up with? You end up with GREEN! As in what you would find at the bottom of a diverse companies income statement!
A talented diverse workforce results in an improved bottom line. Diversity Inc. did a study supporting this. The 43 publicly traded companies in their Top 50 Companies for Diversity had a 23.5 % higher return than the S & P's 500 when measured over a 10 year period.
The companies that made it onto their Top 50 of 2005 represented only 7% of all Fortune 500 companies, yet they generated 22% of the total gross revenue for all Fortune 500 co's.
The bottom line is that it is about the bottom line when it comes to diversity!
The companies that made it onto their Top 50 of 2005 represented only 7% of all Fortune 500 companies, yet they generated 22% of the total gross revenue for all Fortune 500 co's.
The bottom line is that it is about the bottom line when it comes to diversity!
No comments:
Post a Comment