Why Diversity and Inclusion Should be at the Top of your Talent Priority List
Tuesday 1:45 pm - 2:30 pm, Conference Room (Ballroom A)
Moderators: Jennifer Simpson
Panelists: Carolyn Lee, Jeff Sorensen, Michelle Nasir, Bryan Lewis
In light of changing demographics, globalization, and the competition for talent, diversity and inclusion are increasingly important topics in the private equity and middle market industrial community. The reverberations of the #metoo movement have been felt in board rooms across the globe and companies are paying close attention to ensure their policies and practices are sufficiently robust. The PE and middle market community is lagging behind other sector benchmarks and knows it, so what needs to happen to turnaround this situation and improve diversity and inclusion in this sector?
According to a McKinsey study, companies in the top quartile for gender diversity are 15% more likely to outperform those in the bottom quartile, in terms of financial returns. When it comes to ethnic diversity, the advantage is even higher at 35%. On top of the financial benefits, a diverse workforce leads to greater creativity, enhanced collaboration and improved morale.
In this session, attendees will hear from experts and executives who have actively embraced diversity and inclusion strategies in their organizations. From top down leadership initiatives to new approaches to building talent pipelines, you will learn what best practices are for improving your diversity and inclusion metrics, and as a result how to create operational value from these efforts.