The new hire who showed up is not the same person we interviewed

Re:The new hire who showed up is not the same person we inte... by RankingMember on Monday January 31, 2022 @03:39PM (#30153954)

> Profitability is, of course, necessary to keep any business alive, and studies show that racial, ethnic, and gender diversity contribute to business success. A McKinsey & Company study of 366 companies revealed a statistically significant connection between diversity and financial performance. The companies in the top quartile for gender diversity were 15% more likely to have financial returns that were above their national industry median, and the companies in the top quartile for racial/ethnic diversity were 35% more likely to have financial returns above their national industry median.

https://www.nspe.org/resources/pe-magazine/july-2020/why-sho...

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Re:The new hire who showed up is not the same person we inte... by rurp on Monday January 31, 2022 @04:17PM (#30154520)

Are there any studies demonstrating causality? I can think of plenty of reasons diversity would correlate with success. For example, being based in a large city will have a lot of advantages for many businesses, along with having a more diverse hiring pool available that will naturally lead to a more diverse staff. But this doesn't suggest to me that adding a diversity quota or similar policy, all else being equal, will help a company succeed.

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Re:The new hire who showed up is not the same person we inte... by jlawson on Monday January 31, 2022 @04:20PM (#30154567)

Confounded by the fact that succesful companies are located in growing areas (or move there), which is where immigrants also want to go. E.g. San Francisco.

I want to see this with some serious attempt to reduce the confounding.

Also it doesn't demonstrate cause and effect as stated in the quote. It's perfectly possible in this data that diversity makes companies less successful - but being successful in the first place is what creates the 'slack' that leads to a company pursuing diversity policies. They only go diversity when they can afford the cost incurred.

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Re:The new hire who showed up is not the same person we inte... by bradleyjg on Monday January 31, 2022 @09:11PM (#30157771)

Would the study have been published if it came out the other way? If not, you have a form of inadvertent p hacking.

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Re:The new hire who showed up is not the same person we inte... by t-3 on Monday January 31, 2022 @04:15PM (#30154484)

Cynically, couldn't these results be due to lower average wages offered to women and minorities?

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