Diverse Compensation Plans Are a Win-Win for All

Recruiting Daily Advisor

Despite a recent Gallup poll that found only 55% of Americans reported owning stock, a Rutgers study showed that most Americans report they would prefer to work for a company that gives them a stake in the business. . The Bottom Line on Compensation.

9 Companies Around the World That Are Embracing Diversity in a BIG Way

Social Talent

Diverse organisations perform better. Higher levels of ethnic diversity increase revenue by a whopping 15%. According to Glassdoor, 67% of active and passive job seekers say that when evaluating companies and job offers, it is important to them that the company has a diverse workforce.

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Diversity and Inclusion in the Workplace: Benefits and Challenges

Achievers - Recruiting

The positive impact of diversity and inclusion is no longer debatable. According to Deloitte, diverse companies enjoy 2.3 Gartner found that inclusive teams improve team performance by up to 30 percent in high-diversity environments. What is diversity and inclusion?

How to Build High-Performing Diverse Teams at Work

Achievers - Recruiting

Today, businesses are facing immense pressure to build diverse teams at work, with several high-profile organizations compelled to divulge their diversity and inclusion statistics. The benefits of having diverse teams at work. Workplace diversity isn’t exactly a new concept.

COVID-19 Is Accelerating the Skills Gap and Employers Aren’t Helping, Finds Study

Recruiting Daily Advisor

A new IBM Institute for Business Value (IBV) study reveals less than 4 in 10 HR executives surveyed report they have the skills needed to achieve their enterprise strategy.

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12 Companies Ramping Up Their Diversity & Inclusion Efforts - and How You Can Too

Glassdoor for Employers

While more diverse than in the past, it's no secret that corporate America suffers from a lack of diversity and inclusion. Thankfully, many companies are now realizing that increasing diversity and inclusion within the company is not only good for society, it's also good for business.

10 Companies Around the World That Are Embracing Diversity in a BIG Way

Social Talent

Diverse organisations perform better. In our E-Book on How to Increase Diversity Through Improved Hiring & Recruitment Processes , we uncovered some very interesting insights on the benefits of embracing diversity, including: Most studies surrounding diversity in the workplace have found that for every 1% increase in gender diversity, company revenue increases by 3%. Higher levels of ethnic diversity increase revenue by a whopping 15%.

8 Strategies for Attracting More Diverse Candidates

Jobvite

Jobvite Believes Diversity Makes Companies Stronger. In the last couple of weeks, Jobvite has announced a new Dive r sity & Inclusion (D&I) pack that aims to help companies on their journeys to attract and engage more diverse job seekers.

The Relentless Case For Diversity In Hiring In 2020

Entelo

So how do you, as an HR or Talent Acquisition leader, make sure that your organization gives DE&I more than just lip service – and convince a group of homogeneous senior level executives that you need dedicated resources to achieve a successful Diversity, Equity & Inclusion program?

How Blind Hiring Can Promote Diversity in the Workplace

The Staffing Stream

Promoting representation and diversity in the workplace is an essential part of running a successful business. Companies that fail to do so experience lower company engagement and morale, and studies have shown that diverse teams improve productivity by 60% compared to non-diverse teams.

Can Relocating New Talent Hurt Your Chances for a Diverse Workforce?

Recruiting Daily Advisor

If you’re looking to make your workforce more diverse and are considering recruiting talent outside of your city or state lines, you may want to think again—or at least take a different approach, otherwise, you run the risk of having a less diverse workforce. Chief Economist at Glassdoor and Director of research at Glassdoor Economic Research—conducted a study on relocation. Diversity Suffers. Highlighting Diversity in the Recruiting Process.

Top Ways Companies Are Measuring Their Diversity and Inclusion Progress

Linkedin Talent Blog

As companies continue to elevate and prioritize their diversity and inclusion efforts, they have increasingly looked for ways to use data as both a meter and a motor, a tool to track improvement and to drive it. Talent Analytics Diversity

Get Ready for Gen Z – the Next Wave of Talent

Fistful of Talent

Heralded as the most diverse, best-educated generation yet — it’s clear that the Generation Z population (those born after the mid-90s) is much more than simply the “little brother” as they start trickling into the workplace. Jobvite’s latest survey of workers shows that career growth is the most important factor when looking for a new job, toppling even compensation. In fact, studies show they’re actually hungry for face-to-face interactions in the workplace.

Diversity & inclusion roundup: Sharing big ideas to champion diversity

Talvista

He writes in Forbes, “ I have to admit, there was a part of me that felt as if I had no business telling the company that they had to focus on diversity. But over the past seven years at WIN, and my 40-year career, we’ve come to see how crucial it is to be deliberate about making your company diverse — and doing it early is much, much easier.” He asked Talent Sonar’s CEO, Laura Mather, for her best advice on attracting and selecting talent from diverse backgrounds.

50+ Ideas for Cultivating Diversity and Inclusion at Your Company

Linkedin Talent Blog

Following widespread protests against police brutality and systemic racism, companies around the world are taking a hard look at their diversity and inclusion (D&I) programs and policies. Explicitly request a diverse range of referrals. Create a diversity scholarship program.

How Companies Can Hire and Retain Diverse STEM Employees

JWT Inside

The real reasons for the lack of diverse STEM employees are more complicated and nuanced, but luckily there are plenty of steps recruiters can take to help bridge the gap. At each step of their careers, diverse STEM candidates face an uphill struggle, while their white male counterparts get to play on level ground. Here is a detailed list of how you can level the playing field and help support a diversity of culture and ideas within your company. Maintaining Diverse Teams.

Recruiting News: Deloitte 2018 Study Reveals that Millennials are Losing Trust and Loyalty with Businesses

Crelate

Deloitte’s study revealed that millennials are aware of the changing landscape. Photo Credit: Deloitte 2018 Millennial Study ). Flexibility and Diversity are Attractive to Millennials. While compensation remains the most important priority for choosing an employer for millennials, the other priorities that the study revealed demonstrate a change from recent years. Diversity is another key to retaining millennial employees.

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Embracing Gender Diversity in the Workplace for a better tomorrow

Pragna Technologies

Diversity is imperative to all workplaces. In each case, the customers are more diverse than the people serving them, which don’t bode well for understanding their needs. To better serve your customers, it’s important to cultivate gender diversity within the work. Gender diversity doesn’t imply that an organization should have a 50/50 mix of males and females for every position in the company.

The Business Case for Transparency

Recruiting Daily Advisor

The policy improves productivity, diversity, and workplace cohesion, benefiting a business recruitment strategy. Among the top five reasons was “ Employee compensation is not fair. ”. A full pay transparency policy makes individual compensations available to all employees.

Embracing Gender Diversity in the Workplace for a better tomorrow

Recruiting Blogs

Diversity is imperative to all workplaces. In each case, the customers are more diverse than the people serving them, which don’t bode well for understanding their needs. To better serve your customers, it’s important to cultivate gender diversity within the work.

LinkedIn’s Head of Diversity Shares Her Playbook for Creating a More Inclusive Workforce

Linkedin Talent Blog

Rosanna Durruthy says that diversity is often seen as a series of checklists: Do this, do that, and then do more of this. But as the head of global diversity, inclusion, and belonging at LinkedIn, Rosanna prefers to see diversity and inclusion as a team sport — that comes with a playbook for finding success. Most companies,” she says, “will often think of diversity in terms of head count, so talent acquisition often takes the lead. Talent on Tap Diversity

Why Events Are the Backbone of Any Diversity and Inclusion Strategy

Avature

Even though events are a well-known strategy for some roles, such as recruiting programmers or recent graduates, they are somehow overlooked for other TA challenges like sourcing diverse talent. There is growing consensus worldwide that workforce diversity and inclusivity (D&I) drive company performance. The idea that diversity improves decision-making, operation, and results is leading companies to seek talent with diverse experiences in various areas, like veteran status.

What You Need To Know About Blind Hiring

Social Talent

Companies that employ blind hiring are more likely to hire women and minorities and to interview candidates with diverse educational backgrounds, including those who attended community colleges, according to data from GapJumpers , a company that facilitates blind hiring procedures for employers. A recent study conducted by Harvard Business School found that employees hired using testing tended to stay on the job longer and were less likely to be fired.

Why Unconscious Bias Training May Not Help

Recruiting Daily Advisor

Try to increase diversity and inclusion. Studies are showing it might not. Studies indicate that our unconscious biases actually don’t impact our behaviors that much. This situation can even make biases more overt when it’s obvious you’re trying to compensate for them.

Is Tuition Reimbursement a Benefit for You? Use it!

Fistful of Talent

I used my tuition reimbursement to study/take the SHRM CP. But even more so, it’s part of your total compensation. I’m torn, so many choices…as an HR Pro I have more focus on diversity than ever, so Cornell’s offering is ever so interesting.

Josh Bersin’s recruiting and HR trends for 2021

Workable

Re-skilling, up-skilling, new job models, new job architectures, new organization models, a focus on the environment, the global climate issues, diversity inclusion equity, Black Lives Matter. That’s how Josh Bersin opened a fascinating discussion on HR trends for 2021.

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Embracing Gender Diversity in the Workplace for a better tomorrow

Recruiting Blogs

Diversity is imperative to all workplaces. In each case, the customers are more diverse than the people serving them, which don’t bode well for understanding their needs. To better serve your customers, it’s important to cultivate gender diversity within the work. Gender diversity doesn’t imply that an organization should have a 50/50 mix of males and females for every position in the company.

Diversity in the workplace: why it matters and how to increase inclusion

Workable

Now is the time for HR professionals to focus on diversity in the workplace and reinforcing inclusion not just in words, but in practice. But what exactly is diversity in the workplace? Diversity is the coexistence of people with different characteristics (e.g. For example, at work, we can talk about a diverse team when employees come from various cultural, academic and professional backgrounds and when there’s a balance in gender, age and race.

Princeton Pays 1M in Gender-Based Pay Discrimination Settlement

Recruiting Daily Advisor

The OFCCP enforces Executive Order 11246, which makes it unlawful for employers that are government contractors to engage in gender-based compensation discrimination. In Princeton’s case, the OFCCP conducted a university-wide review of all full professors’ compensation.

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HR Girl Power in 2019

Fistful of Talent

” Fearless Girl is on the move to the NY Stock Exchange; Sheryl Sandberg focused headlines read “ Fall from Grace ” for her part in Facebook’s mishaps, and a new study shows a 51% wage gap between men and women between 2001 and 2015. Let’s see: Diversity & Inclusion initiatives are hot ( once again ). Compensation work to close the gender pay gap. Corporate giving focus on diverse associations.

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50+ Ideas for Cultivating Diversity and Inclusion in the Workplace That You Can Start Today

Linkedin Talent Blog

Nobody’s ever said that diversity and inclusion work is easy. And the earlier the better – the longer you wait to build a diverse workforce and inclusive culture, the harder it will be in the future. To help companies get started today, I’m excited to share over 50 of the ways we’ve invested in diversity and inclusion at Lever. State your commitment to building a diverse and inclusive culture in your job descriptions and careers page. Diversity

D&I Are Not Luxury Goods: How to Stop Agitating the U.S. Workforce

Recruiting Daily Advisor

Millennial workers value a diverse and inclusive workplace, and this generation now makes up 35% of the U.S. Can your company afford to keep agitating them by not practicing diversity and inclusion (D&I)? Cisco is another company with a strong record of diversity. “We

Why Using Data Is Your Key to Increasing Diversity, According to This Tech Leader

Linkedin Talent Blog

He believes speaking out about diversity has hurt his career, and he’s not alone: studies show that people of color and women are penalized for promoting diversity , while white men tend to get rewarded for the same behavior, Leslie explained at LinkedIn’s recent Talent Intelligence Experience in New York City. It takes courage to push for diversity, but using data—which comes naturally to an engineer like Leslie—has helped him drive change. Talent Analytics Diversit

How Can You Attract More Female Candidates and Boost Company Performance?

CareerBuilder

Research suggests that companies with a diverse workforce perform better than companies with less diversity. Limit the share of compensation that depends on performance rank. For example, this kind of compensation regime would give a low baseline compensation topped up by a large bonus for the employee who gets the top sales performance. However, women are even more deterred by such compensation regimes than men are.

Student Loan Assistance Benefits Employers and Employees

Recruiting Daily Advisor

Student loan debt casts a wide net and draws in a lot of people: students burdened with financial stress; workers who must reskill and upskill; and employers that must fill skills gaps and are seeking to increase diversity in their companies. Increase Diversity in the Workforce.

3 Essential Steps Companies Can Take Now to Start Building Their DE&I Strategy

The Staffing Stream

The focus on diversity, equity and inclusion (DE&I) within organizations has shifted from being “nice to have” to becoming a “competitive advantage.” PREMIUM CONTENT: North America Internal Staff Survey 2021: Internal staff perception of diversity and inclusion at staffing firms.

7 Fascinating Recruitment News Stories to Emerge this Week – 11th July 2016

Social Talent

Google Release 2015 Workforce Diversity Stats. Google have finally published the results of their 2015 diversity efforts when it comes to hiring. In a statement accompanying the results, Google said: “We’re still not where we want to be when it comes to diversity, but last year, we made progress in our efforts to build a more diverse Google. Read more about what Google are doing to improve diversity in their workforce, here.

Using Data to Deliver on the Promise of D&I

Recruiting Daily Advisor

Diversity is now a business imperative, so much so that almost half of all companies on the S&P 500 index have a chief diversity officer (CDO) or an equivalent, according to a recent Russell Reynolds report. gender), but less than half measure discrepancies in compensation, performance, or promotions based on these attributes.”. Only 35% of CDOs are tracking diversity data, according to Russell Reynolds. Measuring diversity as a blanket number.

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Benefits Trends for Talent Attraction: Meaningful Work, Health Care, and More

Recruiting Daily Advisor

The study, published by the Workhuman Analytics & Research Institute, provides insights to help employers improve engagement, recruitment, retention, and performance management, the end goal being to create work cultures that are mutually beneficial to businesses and the people driving them. Even with compensation enhancements, voluntary employee turnover remains a stubborn challenge, with one-third (32%) of employers reporting full-time turnover in excess of 15% in 2018.

Why should employers care about the gender pay gap?

Workable

Companies that close the gender gap increase their skills diversity, collective intelligence and their bottom lines. A study of 22,000 companies worldwide found that having at least 30 percent of women in the C-suite adds 6 percent to net profit margin. Hire diverse leaders. Hire women to leadership roles -and pay them fairly- to fight groupthink, work smarter and attract diverse talent. Learn what’s fair compensation for the role you’re recruiting for.