Costs of Discrimination and Benefits of Diversity for Business in Ireland
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From: Department of Children, Equality, Disability, Integration and Youth
- Published on: 24 April 2024
- Last updated on: 30 April 2024
Research by Áine Ní Léime and Nata Duvvury of University of Galway, funded by Science Foundation Ireland, investigated the costs of discrimination and benefits of diversity in Ireland.
Key findings on discrimination costs:
- People with disabilities and migrants earn less than others, even with similar qualifications.
- This wage gap translates to lost productivity, costing millions annually.
- Analysis suggests discrimination plays a significant role in these wage gaps.
Diversity and Inclusion benefits:
Businesses see various advantages to promoting diversity, including:
- Access to a wider talent pool
- Increased creativity and innovation
- Improved decision-making
- Enhanced reputation
The study recommends using these findings to inform policy and encourage diversity efforts in Irish businesses.