a company. Business performance aspect Racial equity improves business performance through team diversity. Embracing racial equity leads to a richer pool of ideas, resulting in the development of products and services that resonate with a broader customer base. Studies by McKinsey indicate that racially diverse companies are 35% more likely to outperform their counterparts in financial returns . Legal and ethical aspect Ignoring racial equity can have legal and ethical consequences. Workplace discrimination and bias can lead to lawsuits, reputational damage

and Compensation Despite the increasing number of women in the workplace, gender disparities persist in leadership and compensation. The gender pay gap continues to be a pressing issue, with women earning, on average, significantly less than their male counterparts, as McKinsey found that 60% of men end up holding 60% of managerial level positions in a typical company, while women hold just 40%. As a result, there are fewer women to promote to director, and the number of women decreases

sword. If you are too bold to push your idea in the wrong situation, it can backfire. That's why being proactive has to be based on careful consideration, in-depth research, and prudence. 4. Dealing with Resistance As mentioned above, not all employees will welcome your initiative with open arms. According to McKinsey and Company, at least 70 percent of new programs fail to achieve their goals due to employee resistance and lack of support from management. Facing res...