The Transformational Power of Small Changes to Debias Your Company, Attract Diverse Talent, Manage Everyone Better—and Make More Money
256 pp., 6 x 9 in,
- Published: September 19, 2023
- Publisher: The MIT Press
- Published: September 19, 2023
- Publisher: The MIT Press
From entry-level to the boardroom, what works to create large-scale change in organizations looking to accelerate their diversity, equity, and inclusion efforts and reap financial benefits.
Every leader endeavors to invest in and manage their key asset—talent—to be as high-performing as possible. Like a winning stock, successful diversity, equity, and inclusion (DEI) actions pay back over time. That dividend is paid both to the company—through not only higher performance but also talent acquisition, training, and other savings—and to society in general. In Diversity Dividend, Paola Cecchi-Dimeglio offers a fresh, detailed look at how to realize gender and racial equity along the company-employee pathway—from attracting and interviewing applicants to onboarding, promoting, and sustaining hires—and how to remove systemic barriers at the organizational level that prevent women and underrepresented groups from advancing.
While other books have delved into DEI and the challenges inherent in sustaining successful efforts, no book has done so in concert with the depth and scope of data, basis in science, and application in the real world. In Diversity Dividend, Cecchi-Dimeglio artfully combines accessible anecdotal cases—where success was achieved or where, despite best intentions and efforts, things did not go as expected—with scientifically rigorous solutions as well as applications of data and big data.
As empowering as it is comprehensive, Diversity Dividend helps remove the guesswork and near-superstition that naturally arise when some methods work and others fail, thereby giving leaders the tools and insight to make informed choices at the right moments to create lasting change.
“Cecchi Dimeglio's book uses proven research and showcases real-life examples to design effective interventions that work, making it a must-read for anyone striving to improve gender and racial diversity.”
Iris Bohnet, Professor, Harvard University, author of What Works: Gender Equality by Design
“A very thoughtful and thought-provoking book based on data-driven economic analysis of whether Diversity, Equity, and Inclusion efforts produce the desired results. A must-read for law firm leaders and everyone who is focused on results, not just on the process.”
George Casey, Global Managing Partner, Shearman & Sterling LLP, Adjunct Professor, University of Pennsylvania Law School
“Paola Cecchi Dimeglio has taken a systemic approach to DEI by breaking down the people life cycle in organizations and providing data and science-backed insights and solutions that will drive successful DEI outcomes. This will become the 'go to guide' for everyone who wants to make a change in their DEI outcomes.”
Donny Ching, Legal Director & Member of the Executive Committee of Royal Dutch Shell PLC
“Paola Cecchi-Dimeglio has written a 'must-read' for anyone interested in creating a productive and diverse workforce. She uses data and the discipline of 'nudges' to show how organizations can avoid pitfalls, leading to more satisfied organizations while increasing productivity.”
Michelle R. Clayman, Chair, Advisory Council, Clayman Institute for Gender Research, Stanford University
“Brilliantly combining powerful theoretical insights with compelling empirical data, this book not only proves the benefits of workplace diversity but also reveals how organizations can take meaningful, concrete steps to achieve it. Offering a new approach to debias decision-making, The Diversity Dividend is the foundational text for understanding how to harness the potential of organizational design to recruit and retain talent—in all of its multifaceted and enriching forms.”
Scott L. Cummings, Robert Henigson Professor, UCLA School of Law
“Don't miss out on Paola Cecchi-Dimeglio's must-read book, The Diversity Dividend, which offers proven research and practical interventions for revolutionizing diversity initiatives. This timely masterpiece is a game-changing resource for making a real impact.”
Francesca Daverio, Head of Office, Office of the Senior Vice President and Group General Counsel, Legal Vice Presidency, World Bank; Head of the Empowering Woman by Balancing the Law Initiative and Diversity and Inclusion Representative for LEGVP
“There are books that are engaging and books that are impeccably researched. Diversity Dividend is both. Author Paola Cecchi-Dimeglio thus lands in the most valuable and important quadrant in the landscape of management research. If you are looking for a great resource on diversity in the twenty-first century, look no further. This deeply practical scholarly work is a must-read for today's leaders.”
Amy C. Edmondson, Professor of Leadership & Management, Harvard Business School; author, Right Kind of Wrong: The Science of Failing Well
“Based on data and science, Cecchi-Dimeglio's impeccable research demonstrates how workforce diversity benefits the people, the workplace culture, and the company's bottom line. Extensive examples and resources are provided to assist organizations in achieving diversity.”
Patricia M. Flynn, Professor of Economics and Management and Former Dean, Bentley University
“Diversity Dividend is essential reading for anyone who believes that value and values are both part of inclusive capitalism. Paola's book is full of actionable insights for leaders seeking to enhance innovation, productivity, and employee satisfaction.”
Lynn Forester de Rothschild, Cofounder and Managing Partner, Inclusive Capital Partners, and Founder and Cochair, Council for Inclusive Capitalism, Board of Directors of Estée Lauder Companies, The Economist Group, Bronfman E. L. Rothschild LP, and Christie's International. Formerly on Boards of Directors of Gulfstream Aerospace Corporation and General Instruments, Inc.
“Cecchi-Dimeglio's Diversity Dividend grounds the demand for diversity and inclusion in hard data and practical good sense. This is both a resource and a guide to improved practice and should be required reading for those charged with making diversity happen.”
Robert Fullilove, Professor of Sociomedical Sciences and Associate Dean of Community and Minority Affairs, Columbia University
“Paola Cecchi-Dimeglio's next-generation study of diversity and inclusion reveals how organizations shape outcomes at every career stage. Read this tour de force to learn everything from how AI influences hiring to why we can, and should, redistribute essential but devalued work more fairly.”
Elizabeth L. Hillman, President & CEO of the 9/11 Memorial & Museum
“Diversity Dividend is a pathbreaking, one-stop guide to debiasing your organization. Tackling one pain point at a time, from hiring to the pay gap and promotion and more, Cecchi-Dimeglio describes the interventions, experiments, and nudges that really work. By combining the power of data analytics with powerful insights from behavioural science, she's written the definitive playbook for designing more equitable and productive organizations.”
Herminia Ibarra, Charles Handy Professor of Organisational Behaviour at London Business School; author Act Like a Leader, Think Like a Leader
“Removing bias when your business spans multiple continents and includes numerous cultures gets overwhelming fast. Data-centered approaches applied in Diversity Dividend provide some practical change strategies for organizations to use, that are sustainable and reproducible.”
Catherine Johnson, General Counsel and Executive Committee member, London Stock Exchange and the Chair of FTSE International Limited
“For entrepreneurs and executives fighting an unprecedented war for talent, Diversity Dividend is an essential playbook. Paola Cecchi-Dimeglio presents a clear ROI-driven strategy (supported by research) along with practical tactics to leverage diversity as a massive business advantage.”
Heidi Messer, Cofounder and Chairperson, Collective[i]
“Paola Cecchi-Dimeglio's Diversity Dividend is a must-read for any executive looking to build a diverse and inclusive organization. With compelling evidence, real-life examples, and insights from data analytics, her insights and data-driven strategies are a game-changer.”
Kim Rivera, Chief Legal and Business Officer, OneTrust
“A refreshing science-based approach to DEI that will help organizations to finally move the needle for inclusion. Its practical, data-driven solutions will enable the transformation of workforces to better meet the demands and opportunities of today and tomorrow.”
Ursula Wynhoven, ITU Representative to the United Nations, New York
“Cecchi-Dimeglio combines behavioral science with sophisticated analytics to produce fresh data-driven nudges to help organizations move beyond the endless cycle of ineffective programs and good intentions that have stymied diversity efforts for decades. It is must-reading for anyone truly committed to achieving real progress.”
David Wilkins, Professor of Law and Director of the Center on the Legal Profession, Harvard Law School
“Diversity Dividend is a must-read for conscious leaders. Paola Cecchi-Dimeglio's book combines proven research with practical advice and relatable examples to inspire and help workplaces change the equation and close the gap.”
Shelley Zalis, Founder and CEO of The Female Quotient
"[An] instructive debut.... The advice is pragmatic and the case studies enlighten.... This is a must-read for hiring managers who want to make their organization more inclusive.”
"Will have a special relevance and an enduring value for readers with an interest in Business Ethics, Workplace Culture, and General Gender Studies.... Highly recommended for inclusion into personal, professional, community, corporate, college, and university library Business Management collections and supplemental MBA curriculum studies lists."
Midwest Book Review