Intelligent CIO LATAM Issue 33 | Page 40

CIO OPINION
According to a study , employees of organisations perceived as committed to diversity are 11 % more likely to report that they can ‘ be themselves ’ at work , which likely encourages them to engage and contribute .
Additionally , employees tend to feel less like ‘ outsiders ’ in the workplace .
In Latin America , specifically , investment in diversity has proven to be an even more advantageous strategy .
According to McKinsey ’ s research conducted across six countries in the region , companies that prioritize gender , racial and sexual orientation diversity tend to significantly outperform financially those that do not . the sector , despite comprising the majority of the country ’ s population , estimated at 56.1 % according to data from the Continuous National Household Sample Survey ( PNAD ) by IBGE ( Brazilian Institute of Geography and Statistics ).
In Brazil , Argentina , Chile , Colombia , Peru and Panama , corporations with greater gender diversity have a 55 % greater chance of achieving superior financial results compared to the sector average .
This increase in EBIT margin ( earnings before interest and taxes ) underscores the positive impact that
This underrepresentation extends to Argentina as well , where only 30 % of the tech workforce comprises women , according to data from the Argentine Software Industry Chamber .
Moreover , women ’ s absence from leadership positions exacerbates the gender gap in the sector .
This is why measures are urgently required to change this situation and to achieve gender access to these spaces historically occupied by men .
However , a global study carried out by the consultancy McKinsey , demonstrates that companies with greater gender and ethnic diversity are more likely to outperform their competitors in financial performance .
According to this research , companies with greater gender diversity report a 21 % better performance than those less diverse , while companies with greater ethnic diversity achieve a 33 % higher performance .
These numbers reveal a direct correlation between diversity and business success , highlighting the benefits of a diversified workforce in pursuit of operational excellence and innovation .
Commitment to diversity fosters better business practices in organisations that adopt this approach .
Employees of these companies are more likely to have greater freedom , both in terms of their identity and their ways of working .
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