Economic Motives for Adopting LGBT-Related Workplace Policies
- Author(s): Sears, Brad;
- Mallory, Christy;
- Hunter, Nan
- et al.
The past decade has seen a large increase in the number of corporations adopting LGBT-related workplace policies. This study evaluates the economic impact of non-discrimination and benefits policies by analyzing the extent to which economic reasons motivate corporations to adopt such policies. This study reviews statements issued when adopting such policies by the top 50 Fortune 500 companies and the top 50 federal government contractors. Overall, we find that almost all of top 50 Fortune 500 companies and the top 50 federal government contractors (92%) state that, in general, diversity policies and generous benefit packages are good for their business. In addition, the majority (53%) have specifically linked policies prohibiting sexual orientation and gender identity discrimination, and extending domestic partner benefits to their employees, to improving their bottom line.