UK Startups Lead the Way in Diversity
According to a Wayra UK report, startups in the UK are more likely to have a diverse workforce than those in the US.
According to the report commissioned by Wayra UK Telefonica Open Future's digital startup accelerator, UK startups are five times more likely to have women working at them rather than in the US.
The report also found that those working at startups in the UK are two and a half times more likely to be under the age of 36.
Employees working at startups in the UK said diversity was key to their success, with 78.9% claiming it helped their business to compete in the market.
Co-founder of consultancy firm astar-fanashawe said: "What this research tells us is that startups would get far more growth, innovation and entry into new markets if there was a more diverse combination of people involved. For too long, cultural differences and even languages were seen as putting the UK at some kind of disadvantage. But this research clearly demonstrates the impact the UK's rich social make-up is having on the growth and performance of our fledgling businesses.
"We are fully aware that a startup in its infancy must focus on growth if it is to survive, and may not fully appreciate the benefits of what diversity can bring."
Gary Stewart of Wayra UK and Wayra Unltd said: "I passionately believe that if you actively recruit talent from diverse sources,
you'll not only strengthen your team and bring on additional expertise, you'll also experience more growth as a result."
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