4 ways diversity leads to financial success for businesses

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A mountain of evidence over the past two decades shows that workforce diversity leads to measurable improvements in financial outcomes. That’s according to a recent report from The Center for Financial Planning, which explored the business case for diversity and inclusion in ”Why Diversity Matters: How Workforce Diversity and Inclusion Accelerate Business Success in Financial Services.”

Organizations that display two-dimensional diversity are especially likely to reap financial benefits, according to the CFP report. 2D diversity is defined as leadership that exhibits both inherent diversity — gender, race, age, religious background, socioeconomic background, sexual orientation, disability and nationality — and acquired diversity — cultural fluency, generational savvy, gender smarts, social media skills, cross-functional knowledge, global mindset, military experience and language skills.