Disability Inclusion Is ‘Good Business’ Despite Low Awareness
It is in the interests of corporations and leaders to support and nurture the talents of disabled individuals, agreed a panel on the business case for disability inclusion at the World Economic Forum Annual Meeting.
Panellists agreed on the clear economic case and return on investment for disability inclusion, as part of the value proposition of a business, and recognized the imperative to create a new global standard for workplace disability equality. Stakeholders must recognize “the power that business brands, leaders and platforms can bring to change,” said Caroline Casey, founder of business inclusion company Binc.
There are 1.3 billion individuals with disabilities worldwide – one in seven of the global population. A total of 80% of that number acquire a disability between the ages of 18 and 64, yet disabled people are 50% less likely to have a job. “Disability, collectively, is the most marginalized group of people in the world,” said Casey. The case for disability is a case for business, participants argued. Multiple studies have shown that disability inclusion in the workplace results in higher revenue, net income and profit margins, while the cost of disability exclusion in OECD countries is an estimated 7%.