article thumbnail

Making the Connection: DE&I + Financial Wellness

Recruiting Daily Advisor

As the world watches to see how talk about diversity, equity, and inclusion (DE&I) translates into action, corporate America faces a test of character. Yet financial wellness programs may be one of the most underutilized tools in terms of moving the needle on diversity and inclusion goals.

Financial 117
article thumbnail

15 Reasons Why Technology is Crucial to Diversity Hiring

ClearCompany Recruiting

Diversity hiring is hiring based on ensuring the process and procedure is free from bias based on age, race, gender, religion, sexual orientation, and other personal characteristics that are irrelevant to their job performance. By hiring employees with different backgrounds and beliefs, companies create a culture that enables new ways of thinking, which gives them an edge versus their competitors, and in turn, impacts the bottom line and overall success of the company.

Diversity 296
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

12 Workplace Diversity Statistics You Should Know | ClearCompany

ClearCompany Recruiting

This article was updated in February 2022 to reflect new workplace diversity statistics and data. The importance of workplace diversity can’t be understated. The business case has long been made, with Harvard Business Review reporting on the value of a diverse workforce since 1996.

article thumbnail

Diversity in Your Hiring Strategy: The Importance of Communication

Recruiting Daily

Recruiting and retaining a diverse team will yield significantly better results. McKinsey studies show that ethnically and gender-diverse teams yield significantly greater financial performance for companies, especially among executive teams.

article thumbnail

7 Ways to Manage a Talent Shortage

In this whitepaper, Paycor examines the top 7 things you can do to out-maneuver your competition and win the war for talent in the coming months.

article thumbnail

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.

Diversity 225
article thumbnail

Best Diversity & Inclusion Content 2022

Recruiting Daily Advisor

Diversity in the workplace, or the lack thereof, has been a hot topic for decades. More importantly, it will be a year for HR leaders and organizations to prove that building diverse, inclusive, equitable workplaces – where everyone feels they belong – benefits the bottom line.

article thumbnail

Using automation to help hiring diversity

JazzHR

The benefits of diversity are numerous. Not only is diversity hiring ethical, but it also brings many tangible benefits to an organization. Research from McKinsey & Company found that organizations in the top quartile for racial and ethnic diversity are 35% more likely to have above-average financial returns. The benefits of diversity are clear, but hiring teams often lack the time and resources to ensure their talent selections are diverse.

JazzHR 120
article thumbnail

4 simple ways to drive diversity and inclusion in your organization

Social Talent

Diversity is no passing fad. Decades of research has shown that there is an inherent link between diversity and innovation, strong company values and psychologically secure environments. Achieving greater diversity is not just the right thing to do either, it is also the smart thing.

Diversity 172
article thumbnail

Diversity Recruiting 101 Explained

WizardSourcer

Diversity Recruiting has always played a key role in the success of a business. From a personal standpoint, we learn early on the benefits of having diverse sources of income, diverse skills, and a diverse knowledge of topics, views, and so on.

Diversity 111
article thumbnail

Hard to Hire: Third-Party Recruiting & the State of Talent Acquisition Report

RECRUITER ENGAGEMENT PLATFORM HARD TO HIRE: 2018 THIRD-PARTY RECRUITING &. Introduction About this Survey The Realities of Today’s Hiring Landscape So What’s a Hiring Manager or Recruiter to Do? Today the hiring landscape is more. hiring market is more. Of Hiring.

article thumbnail

How to Make Financial Health Equity Part of Your Broader DEI Strategy

Recruiting Daily Advisor

One of the major trends coming out of 2020 is the growth in hiring diversity, equity, and inclusion (DEI) leaders. Recent research has found that the rate of hiring new chief diversity officers in publicly traded companies has jumped to historical highs.

article thumbnail

People Analytics Lessons for Financial Services Leaders

Visier - Talent Acquisition

The financial services and technology industries tied for the highest proportion (21% each) of founding people analytics leadership roles reported in the underlying survey. In other words, financial services and technology lead other industries in people analytics adoption.

article thumbnail

How ‘trailblazer’ banks are defining the future of financial services

Eightfold

New global research from The Josh Bersin Company reveals how industry-leading “trailblazer” banks are melding the future of financial services and the future of work. . To date, the primary strategy has been focused on hiring highly skilled tech talent.

Banking 78
article thumbnail

How Family-Building Benefits Can Attract and Retain Diverse Talent in 2023

Recruiting Daily Advisor

After all, the makeup of the modern workforce is changing and becoming more diverse. Modern Families Look Different Than Their Legacy Benefits Policies Healthcare policies — especially those designed for older, larger corporations — were typically not created with diversity in mind.

article thumbnail

Building AI to Unlearn Bias in Recruiting

Recruiting How to use AI and machine learning to ensure diversity in the. 154% A Mckinsey diversity study concluded that companies in. the top quartile of diversity performance generate 35%. more financial returns than the median. the right qualities of a new hire.

article thumbnail

2022 Guide To Diversity, Equity And Inclusion

Recruiting Daily

Diversity, equity and inclusion (DEI) have never been talked about often in the personal and professional realm until the most recent years. In fact, these three elements serve a purpose in today’s workforce: Diversity : refers to acknowledging various differences in people.

Diversity 106
article thumbnail

What is Diversity Recruiting?

Ongig

Making your company more inclusive means prioritizing diversity and making it a part of your company policies, activities, and operations. That includes diversity in recruiting. Plus, we look at some steps for incorporating diversity into your company’s recruitment practices.

article thumbnail

That’s a Wrap on Diversity, Equity, Inclusion, and Belonging Week 2022!

Recruiting Daily Advisor

From December 5th to the 9th, we spent a full week focusing on the value and importance of diversity, equity, inclusion, and belonging (DEIB) in the workplace! In this latest edition of the Faces of HR series, we meet Dr. Shirley Knowles, Progress’ Chief Inclusion and Diversity Officer.

article thumbnail

Improving Diversity in Remote Work Environment

Recruiting Daily Advisor

Companies also had to adjust by moving to remote work environments to keep employees safe while still responding to issues surrounding equity, diversity, and inclusion. New Channels to Source Diverse Talent. Retaining Diverse Talent.

Diversity 105
article thumbnail

Diversity Is an Imperative for Growth, Says Recruiting Trends Report

Recruiting Daily

Diversity is among the top-three challenges facing talent acquisition this year, according to Findem’s Recruiting Trends Report 2022. Meanwhile, 52% said that hiring a diversity leader is in their future plans. Diversity has become an imperative for growth,” Findem said.

Report 122
article thumbnail

How to Increase Diversity in the Workplace

Hireology

Diversity and inclusion have for a long while been hot button issues in the workplace. All that to say, hiring employees from diverse backgrounds isn’t simply a fad that will die down — it’s a necessity to have a workforce that represents the world we live in. . Why is Diversity Important? . The impacts of a diverse team reach all corners of your business. So, if you want your business to be ahead of the curve, a diverse workforce is absolutely essential. .

Diversity 113
article thumbnail

Diversity Recruiting Statistics For 2021 | Red Branch Media

marenated

We scour the internet for statistics that will support our educational and informational content on diversity recruiting. DIVERSITY IN RECRUITING BREAKDOWN: Diversity recruiting is defined as a company’s conscious consideration of candidates from all different types of backgrounds.

Media 125
article thumbnail

Helping the Business Community—and the Community at Large—Tackle Issues of Diversity, Equity, and Inclusion

Recruiting Daily Advisor

Diversity, equity, and inclusion (DEI) have increasingly become key areas of focus for businesses across the country and around the globe. Chattanooga Chamber Focuses on DEI with New Hire. These insights, he says, “slowly brought me back to diversity, equity, and inclusion.”

article thumbnail

4 Simplest Ways to Improve Diversity in Your Organisation

Social Talent

According to Clare Mulligan , a workplace diversity consultant, a multicultural work force is one that sees employees of an organisation include members of a variety of ethnic, racial and religious backgrounds. Diverse companies now outperform non-diverse companies by a whopping 35% ! Companies in the top quartile for racial and ethnic diversity are 35% more lik ely to have financial returns above their respective national industry medians.

Diversity 151
article thumbnail

5 Insights from Financial Services Job Seekers and Recruiters

Jobvite

The financial services industry has seen dramatic shifts in the last year due to the impact of COVID-19. We surveyed financial services recruiters last fall as well as job seekers this spring to get a sense of the changing priorities, stressors, and challenges they’re experiencing.

article thumbnail

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.

Diversity 102
article thumbnail

What are the 4 Types of Diversity in the Workplace?

Ideal

Many HR leaders and executives are on board with new policies and initiatives for increasing diversity in the workplace. Diverse organizations are more adaptable, show consistent revenue growth, and set the standard as competitive industry leaders. Why diversity matters.

Diversity 127
article thumbnail

Use Voluntary Diversity Goals as Effective Tools, Not Legal Land Mines

Recruiting Daily Advisor

In response to mounting pressure from all sides, employers are racing to implement robust diversity, engagement, and inclusion (DE&I) initiatives. Voluntary hiring and/or promotion goals are an effective diversity tool if properly implemented.

article thumbnail

Hiring Diversity of Perspective

Recruiting Daily Advisor

There are many factors that go into creating a strong workforce, and diverse perspectives play a big role. According to Harvard Business Review (HBR), a more diverse team creates a smarter team. Diverse workforces reflect more of the world as a whole, which encourages multiple solutions to problems and fosters new ideas. Forbes states that diversity in the boardroom helps spark healthy debate that can lead to better decision-making. Don’t rig the hiring game.

article thumbnail

How Objective Hiring Methods Can Reduce Bias and Discrimination

Recruiting Daily Advisor

It has never been more important for HR teams to be capable of building and sustaining a diverse workforce. Companies with diverse employees aren’t just more innovative and high-performing than their peers; they’re also in a stronger position to attract and retain top talent.

article thumbnail

How a lack of diversity hurts profits

JazzHR

The verdict is clear: If you’re not a diverse company, you’re going to fall behind. Research shows that diverse workforces are intricately linked to the overall success of an organization, including its profits. When it comes down to it, non-diverse companies stagnate. Here’s more information on how a lack of diversity hurts profits: Link to profits. So why exactly does diversity improve a company’s bottom line?

JazzHR 120
article thumbnail

The Diversity Trailblazers Changing Hiring for Good

Social Talent

At SocialTalent, we are dedicating the month of June to the topic of Open-Minded Hiring. The idea that embracing a diverse talent pool right throughout the hiring process is beneficial to a company and its employees should be no surprise (we hope). As well as bringing candidates to your door, open-minded hiring will also; enrich the wider workforce, enhance the company’s corporate reputation, contribute to a diverse leadership team, and attract a vast talent pool.

Diversity 103
article thumbnail

5 Ways Technology Can Help You With Diversity Recruiting

Social Talent

A new Deloitte survey confirms diversity pays off. They found diverse and inclusive workplaces generate 30% higher revenue per employee and are twice as likely to meet or exceed financial targets. According to their research, 68% of companies are focusing their diversity efforts on recruiting and exploring technology to reduce bias in recruiting. To help you move the needle, here are 5 ways to recruit diverse candidates using technology.

Diversity 125
article thumbnail

How to Create a More Diverse Pool of Candidates

PandoLogic

Having a diverse workforce is important for a number of reasons. A diverse workforce brings a wide range of perspectives and experiences to the table, which can lead to more creativity and innovation in the workplace. How to Recruit Diverse Candidates for Your Company.

article thumbnail

5 Ways to Improve Diversity Recruiting Efforts

Visier - Talent Acquisition

The Black Lives Matter (BLM) movement has placed a magnifying glass on the state of workplace diversity at organizations in all industries. What is diversity recruiting and why is it important to success? 5 ways to improve your diversity recruiting initiatives.

Diversity 113
article thumbnail

Favorites from 2021: Diversity Insight

Recruiting Daily Advisor

Diversity, Equity, and Inclusion (DE&I) is an important and ongoing strategy of any HR plan. Ensuring that your company supports hiring, engaging, and retaining diverse workers with varied backgrounds will set your company up for long-term success and an increased bottom line.

article thumbnail

Do Employee Referrals Hurt Diversity?

Social Talent

An average of one in every 16 referred candidates is hired, compared to one in every 100 candidates across all sources. To put it another way, if a recruiter’s pipeline was filled only with referrals, that recruiter would be able to make six hires for every one hire made by their peers. Referrals have also been shown to have a faster time to hire, lower cost per hire, and higher retention rate compared to other candidate sources. Ask for diverse referrals.

article thumbnail

22 Examples of Awesome Diversity Goals

Ongig

We found 22 examples of diversity goals from top companies aiming to boost diversity, inclusion and belonging in the workplace. To make the list, the diversity goals had to be written on their web site or spoken goal by their leadership (e.g. 22 Diversity Goal Examples.

Examples 136
article thumbnail

Summer Hammons: Finding Her Way into Diversity, Equity, and Belonging

Recruiting Daily Advisor

Seeking Diversity in a Traditionally Homogeneous World. In white-collar industries, it’s generally not enough for companies to sit back and wait for diversity to find them; they need to be proactive at cultivating diversity within their ranks and creating a culture of diversity.