Diversity and Inclusion is what you bang on about as a CEO when you have no vision. Like at F5.
It's correlated. That could also mean richer companies have the resources to source diverse candidates, or that diverse candidates choose to work at more successful companies.
Let me Google this for you.... https://hbr.org/2018/01/how-and-where-diversity-drives-financial-performance https://www.forbes.com/sites/annapowers/2018/06/27/a-study-finds-that-diverse-companies-produce-19-more-revenue/amp/ https://www.barrons.com/amp/articles/how-a-diverse-workforce-can-help-company-performance-51546625800
Correlation != causation
Yes that is one of the logical fallacies... but I did not say that you did.
Guys it’s simple - being really diverse and not just paying lip service helps attract and retain a larger pool of people talent AND depending on your industry helps attract and retain a larger pool of customers. You should look like the markets you cater to and are located in.
But what’s the opportunity cost? Companies need entire D&I orgs to hire diverse talent. And why should your whole company look like the customer demographic or local demographic? Maybe product managers should, but why do infra engineers need to be diverse?
I don't think it's ever about money. Otherwise a company would never have a "push" for diversity hires. They'd just always hire the most qualified person. It's partly about saving face in the scrutiny of the public eye. As well, it's about getting diverse perspectives which can definitely help in ensuring the views of all of your customers are being accounted for, which may indirectly improve profits due to higher customer satisfaction/ retaining
Whenever anything but merit comes into play, hiring process turns into a shit show. Hire the most competent, not the intersectionality winners, and then you'll succeed. This diversity bullshit attracts activists who care about the "code of conduct" more than about writing actual code. Think of startups. Do they care about diversity? No, not really. They need to survive and deliver the product. You can't deliver the product on time if your team is distracted by some irrelevant crap.
Yes for product teams which require diverse product ideas. No for engineering which is very logical and black and white.
It’s about not being attacked by SJW in California. It’s like a shield. And a free press when you show you are woke enough. In terms of hiring - it hurts the company, because you need to lower the bar to show diversity of your team. But again, it’s lesser of two evils for Silicon Valley companies to be complacent.
Probably also an insurance against guys who write manifestos lol. I agree though. I’ve worked with very incompetent diverse people. Frankly it’s not good for them to be hired with a lower bar, because their stress levels are high. It’s not good for me, because it’s demoralizing.
and it’s not good for the team when it has nothing in common.
Diversity for the sake of diversity is a mistake. The most qualified, best candidate should be hired with absolutely ZERO consideration to superficial, meaningless physical attributes and cultural backgrounds. To do otherwise is actually the racist thing.
Diversity and inclusion is just a way for minorities who are incompetent to make themselves feel relevant Prove me wrong
It’s being pushed by the big bosses though, which are not minorities.
And high tier management schools e.g. Harvard Business Review