LSE to study diversity and business performance
The impact of diversity on business performance and how firms can maximise the benefits of diverse teams is the focus for a new research project. The Inclusion Initiative (TII) at London School of Economics and Political Science has been awarded GBP 2 million by the Economic and Social Research Council for the study.
The study will be made in collaboration with researchers from Institute for Fiscal Studies, University of Sheffield, University College London and University of Warwick.
Over the next three years, Dr Grace Lordan, founding director of TII, will lead the collaboration – Diversity and Productivity from Education to Work (DaPEW) – which will provide new evidence on the impact of diversity on business performance, and how firms can maximise the benefits of diverse teams, LSE said in a blog post.
”It will also explore the crucial role of the education system as the start of the ‘leaky pipeline’ in which individuals from under-represented groups may lose opportunities to gain skills and access productive career pathways, hampering firms’ efforts to increase diversity. DaPEW will cover traditional measures of diversity (gender, ethnicity) but also look beyond these to consider socio-economic background, care status, health status and geography.”
”An important innovation is that it will work hand in hand with businesses to design, test and implement the recommendations from its research, directly affecting practice and hence workplace diversity”, LSE said.
Lordan said: “A lot of research on the topics and productivity, either together or separately, point out problems and offer no solution. I find this utterly frustrating. DaPEW’s starting point is solution based. We will work with businesses, policy makers and other stakeholders to ensure that DaPEW leaves a legacy of practical solutions behind that improve productivity, and also the experience of under-represented colleagues throughout their careers.”
”We will have an advisory board of the most senior leaders in business to ensure we keep our promises.”
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