A new study shows diversity programs in high-performing organizations are more often anchored in business objectives than lesser performers.

When Mary Ann Downey was researching employee diversity practices during the recession, she heard several major public corporations say they had pulled back on funding for diversity programs. During a crisis, she found, “They didn’t want the perception that they were spending money frivolously.” That, she says, is a telling indicator of “how far diversity has to come, that it is still perceived by the public and the investment community as a ‘nice to have’ or ‘right thing to do’ versus being a true business imperative.”

But in “12 Diversity Practices of High-Performing Organizations,” Downey and her colleagues at the Institute for Corporate Productivity (i4cp) found that some organizations such as Pelco, ING, Deloitte and Amway are finding a correlation between robust diversity practices and financial success.

Read the entire article at Industry Week.

NOTE from Editor: To gain access to the report, you must be an i4cp member.

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