Need to Ramp Up Innovation? Hire a Diverse Workforce
Do you need to ramp up company innovation? Need to boost ingenuity? According to research, the solution is simple: Hire a diverse workforce. In a study, researchers at North Carolina State’s Poole College of Management considered this question: Do companies that foster diversity perform better in developing innovative products and services? Based on data from the 3,000 largest publicly traded companies in the U.S., the answer was clear: “The short answer is that they do,” says Richard Warr, co-author of a paper on the study. “The take-home message here is that a business which relies on innovation will benefit significantly from