BOSTON--(BUSINESS WIRE)--Turbonomic, the leader in Application Resource Management, today announced that it has become a founding member of the Parity.org ParityPledge® in Support of People of Color. Parity.org is a 501(c)(3) not-for-profit organization focused on bringing gender and racial equality to the highest levels of business, calling for “Equal Representation. Now.” The ParityPledge in Support of People of Color asks companies to commit to interview at least one qualified person of color for every open leadership role, VP and higher, including the C-suite and Board of Directors.
“We are so pleased to have Turbonomic join us in their commitment as a founding member of this pledge. Our original ParityPledge was created to close the gender gap in business, and we have always believed that equal representation of all groups was key to achieving that. But it’s clear that we can, and must, do more for communities of color,” said Cathrin Stickney, Parity.org founder and CEO. “I hope that by bringing this simple pledge to the forefront, more companies will be open to changing how they recruit and hire underrepresented executives, because we need people of color at the table and in decision-making roles.”
This announcement comes on the heels of last month’s commitment by Turbonomic to create equal opportunity for women in leadership positions. Becoming a founding member of the ParityPledge in Support of People of Color is a powerful and necessary extension of this prior promise. Other founding members include industry leaders such as Adobe, Overstock, AthenaHealth, and Survey Monkey.
“Turbonomic understands the role that companies play in moving the needle on racial equality and justice,” said Brent Wilkinson, Chief People Officer at Turbonomic. “As an organization, we have a responsibility to our stakeholders – including investors, employees, customers, and partners – to use our platform to drive positive change starting at the top of our organization. We are incredibly proud to be founding members of the ParityPledge in Support of People of Color, and I hope other companies will consider signing to show their commitment to action.”
Industry evidence overwhelmingly supports the value of investing in Diversity, Equity, and Inclusion (DEI). McKinsey & Company reported that companies who have more racial and ethnic diversity are more innovative and 35% more likely to have financial returns above the industry median. Boston Consulting Group found that companies who reported above-average diversity on their management teams also reported innovation revenue that was 19 percentage points higher than that of companies with below-average leadership diversity. Not only does investing in DEI produce strong financial results, but it also enhances an organization’s ability to recruit and retain top talent, improve decision making and group performance, and earn a premium on innovation, according to a recent Catalyst report.
Organizations wanting to take the ParityPledge in Support of People of Color or learn more about Parity.org should visit www.Parity.org.
Turbonomic, leveraging Application Resource Management (ARM), is transforming the way people and organizations optimize their cloud, infrastructure, and network resources to support their business applications. Our mission is to be the go-to partner for assuring the performance of any application on any platform. We help manage the increasing complexity of the full stack of application resources to continually deliver the best end user experience. By delivering an integrated platform and empowering an ecosystem of strategic partners such as IBM, Cisco, Microsoft and AWS, we are assuring application and network performance for thousands of organizations including twenty-five percent of the Fortune 500. Our vision is that every application always gets the resources it needs, and users never have to wait for an application. To learn more, visit turbonomic.com.
Parity.org is a 501(c)(3) not-for-profit organization dedicated to closing the representation gap for women and people of color at the highest ranks of business leadership. You can follow Parity.org on Facebook, LinkedIn, Twitter, and Instagram. Organizations wanting to take the ParityPledge or learn more about Parity.org should visit www.Parity.org.
Parity.org® and the ParityPledge® are trademarks of Parity.org.