Diversifying diversity

Business leaders today recognise that a diverse and inclusive workforce is a critical success factor for growth. It's essential for nurturing creativity, fostering innovation and informing business strategies, particularly in this era of digital disruption, according to PwC's 18th Annual Global CEO Survey.

As per the survey findings, nine out of 10 CEOs say that they have been able to attract talent through their diversity strategy, and this has led to concrete benefits for the business and a stronger brand reputation. In fact, as high as 85 per cent of CEOs see a clear link between diversity and the bottom line.

CEOs are also starting to look beyond the more common dimensions of gender and race in order to build diverse teams. For example, elements such as knowledge, skills and experience, attitude to career and progression, age and disability are now being taken in consideration when building diversity strategies. However, there are still challenges when it comes to gender diversity. In a PwC's new study, The Female Millennial, 85 per cent of women millennials interviewed said that a potential employer's policy on diversity and workforce inclusion was important to them.