Diversity Quantifiably Boosts Profitability, Talent Retention: Russell Reynolds' Benn

The video discusses the quantifiable benefits of diversity in organizations, highlighting a 33% increase in profitability and a 70% improvement in retention rates for diverse companies. It emphasizes the importance of diversity not only for business success but also for societal good. The video also touches on the turnover in diversity leadership roles and the growing demand for diversification across all organizational levels, including executive positions and boards.

What is one of the key benefits of having a diverse organization?

• Larger workforce

• More office locations

• Higher profitability

• Increased marketing budget

Which company was mentioned as having lost its chief of diversity?

• Amazon

• Apple

• Microsoft

• Google

What is a common issue faced by companies in terms of diversity leadership?

• Insufficient office space

• Lack of training programs

• High turnover rates

• Limited product range

What is the focus of organizations in terms of diversifying their workforce?

• Focusing solely on marketing teams

• Increasing the number of remote workers

• Diversifying at all levels, including boards of directors

• Only hiring entry-level employees

Why is it important for organizations to have a representative workforce?

• To increase the number of products

• To expand globally

• To better serve their customers

• To reduce operational costs