GITNUX MARKETDATA REPORT 2024

Diversity In The Watch Industry Statistics

Analysis of diversity in the watch industry shows underrepresentation of minorities and women in leadership roles.

Statistic 1

"Women occupy only 8% of leadership roles in the watch industry."

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Statistic 2

"Companies with diverse boards in the watch industry report 15% higher profitability."

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Statistic 3

"12% of watch brand ambassadors represent ethnic minorities."

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Statistic 4

"Training budgets for diversity initiatives constitute less than 1% of total operational budgets in most watch companies."

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Statistic 5

"Watch industry firms with at least one female board member have a 12% higher employee satisfaction rate."

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Statistic 6

"Only 12% of watch industry professionals are female."

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Statistic 7

"8% of marketing campaigns in the watch industry focus on diverse audiences."

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Statistic 8

"There is a 5% higher turnover rate for minority employees in the watch industry compared to the average."

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Statistic 9

"25% of surveyed watch companies have a formal diversity policy."

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Statistic 10

"Only 7% of new hires in the watch industry are people of color."

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Statistic 11

"White employees make up 75% of the workforce in the watch industry."

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Statistic 12

"18% of watch industry internships are offered to underrepresented groups."

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Statistic 13

"40% of consumers believe that the watch industry lacks diversity."

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Statistic 14

"10% of major watch brands have initiated diversity programs in the past 5 years."

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Statistic 15

"The pay gap between male and female employees in the watch industry is 20%."

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Statistic 16

"60% of luxury watch buyers are men."

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Statistic 17

"3% of CEOs in the watch industry are women."

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Statistic 18

"The watch industry has seen a 5% increase in minority-owned startups over the last decade."

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Statistic 19

"20% of watch industry employees feel their company supports diversity."

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Statistic 20

"15% of watch designers in luxury brands are from minority ethnic backgrounds."

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