Viktor Solomin/Stocksy
Summary.
Diversifying the workplace has become a central objective for many employers, with U.S. firms spending nearly $8 billion annually on diversity efforts. While the many benefits of diverse teams have been widely studied, attracting a diverse talent pool has proven challenging for some companies, and many groups, like women, remain severely underrepresented across industries. The push for gender diversity is especially crucial for startups, who risk accruing “diversity debt” — the issue of correcting a lack of diversity that becomes increasingly difficult as the firm grows.