More than dollars and cents: Why DiverseCity Counts
By Sandra Lopes, Maytree
At Maytree and Civic Action, when we talk about diversity in leadership, we often argue that we need to “collapse natural timelines.” Why would we say this knowing that change is inevitable, and, with time, it will happen regardless?
Because there is nothing natural about these natural timelines.
In 1991, 26% of the Toronto CMA’s population were visible minorities. What would be natural is to expect that twenty years later at least a quarter of our leadership would be visible minorities. But this is not the case. According to our DiverseCity Counts research, in 2011 only 14.5% of leaders in the most diverse areas of the GTA were visible minorities.
The slow pace of change is shocking. It is unnatural. A lack of networks, old-fashioned hiring criteria, and racism (whether intended or not) are barriers to leadership for visible minorities.
To encourage organizations to make diversity a priority, we often emphasize the economic reasons to take action. Research has found that leadership diversity is linked to enhanced financial performance, better access to new markets, and innovation.
But leadership diversity is important for many reasons that have nothing to do with the bottom line. (more…)
