Monday, March 6, 2017

Is Your Diversity Recruitment Struggling? Maybe You’re Making These Mistakes - TLNT

by Ian Cook 
Originally published: March 2, 2017

Lack of workforce diversity has placed a magnifying glass on the hiring practices of organizations in all industries. It’s about being more thoughtful in granting everyone equal access to employment opportunities and also opening your doors to a wider range of talent that may just the very thing you need to succeed in today’s business climate.
Research has shown time and time again organizations with diverse and inclusive workforces win:
  • Ethnically diverse companies are 35% more likely to have financial returns above national industry medians and gender diverse companies are 15% more likely to do the same (McKinsey)
  • Companies with more women on the board statistically outperform their peers over a long period of time (Catalyst)
  • Inclusive teams outperform their peers by 80% in team-based assessments (Deloitte Australia)
  • (Catalyst also has a great infographic showing 39 reasons businesses should invest more in diversity and inclusion)