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Workplace Bias Statistics
With figures like these, clearly some innovation and disruption are required in addressing these perennial bias-related problems.
Gallup estimates that active disengagement due to bias-related issues costs US companies $450 billion to $550 billion per year—a hard figure which should matter to senior leaders (Caprino 2017). Engagement requires that people feel comfortable in their jobs, which means that discrimination cannot be the norm, or you will lose employees (and money).
Ethnic discrimination in the workplace costs the UK £40 billion annually. That’s equivalent to 1.8 percent of the UK Gross Domestic Product (Route2 2020).
Discriminatory practices at work are costing the UK economy £127 billion in lost output each year (Muller-Heyndyk 2018).
Twenty-eight percent of disabled people see their social and community lives as challenging (SCOPE 2020).
Forty-seven percent of millennial talent say that they actively look for inclusive employers (Monster.com 2021).
Thirty-seven percent of BAME (Black Asian Minority Ethnic) workers have been bullied, abused, or experienced racial discrimination at the hands of their employer. Nineteen percent have experienced discrimination in the form of being denied training or promotion (Route2 2020).
Gender-based discrimination in social institutions costs up to $12 trillion (US) for the global economy (Ferrant and Kolev 2016).
Gender-based workplace discrimination was found to cost the UK economy up to £123 billion in lost output (Muller-Heyndyk 2018).
U.S. Economy Lost $16 Trillion Because Of Discrimination, CitiBank
Unconscious bias costs the business world $64B dollars annually in the rehiring process alone
Unconscious bias costs the business world $64B dollars annually in the rehiring process alone
In the U.S. alone, companies spend over $8 billion a year on unconscious bias training
In 2022, only six companies on the Fortune 500 list had a Black CEO. Black CEOs have had to overcome significant barriers to reach the C-suite. These nine CEOs include well-established corporate leaders, as well as up-and-comers who are just beginning to make waves.
Having a total of 41 women chief executives amounts to female leadership for just 8.1% of the Fortune 500.
In 2022, only six companies on the Fortune 500 list had a Black CEO. Black CEOs have had to overcome significant barriers to reach the C-suite. These nine CEOs include well-established corporate leaders, as well as up-and-comers who are just beginning to make waves.