In recent years, companies around the world have found that inclusivity and diversity can drive their revenue. It’s true that diverse management team leads to improved innovation and financial performance. It can also lead to faster growth, better customer loyalty and increased talent retention. You don’t have to look far to realize that you can’t do great if you don’t do good. This doesn’t necessarily involve the need for a diversity-in-all-things but rather the need to be fair and inclusive during the entire recruitment process. You will find that employees who are not just diverse but have diversity in their cultural and family background will be loyal and perform at a greater level because they aren’t afraid of what the job will be. There are three critical components we must keep in mind when employing a diverse staff:
- Creating diversity that is relevant to their job and position.
- Allowing them to become comfortable with diversity and not be afraid of it.
- Delivering results that are relevant to their skill set and positions.
When you include in a diverse team, you are creating a strategic advantage by building loyalty, recruiting new talent and increasing profits. You will have more fun and the people in your organization will enjoy a sense of community. In the end, everyone wins.
The hiring process itself has come to be one of the most difficult aspects of running a business. In this day and age, finding qualified leads can be a challenge. This is true across all industries such as technology, hospitality, healthcare, construction and more. Finding and maintaining diversity in a diverse team is also paramount and will result in a strong and relevant workforce.
No one wants to work for a company that just does a few things better, because everyone else is doing the same thing. What they should be doing is developing a culture that encourages innovation instead of fear. That is what every business must do to be competitive in any industry.
For most companies, what makes them competitive is their ability to be able to attract and retain a diverse workforce. Companies must not neglect the importance of their workforce in the same way that a family member may neglect their health.
The talent and experience of diverse individuals will always be valued throughout their entire lifetime. We have found over the years that there is a much higher rate of retention of diverse employees than that of their non-diverse counterparts.
There are several recruitment tools you can use to acquire a competitive edge.
1. Provide an equal experience.
Diversity equals innovation. Everyone who enters an organization needs to be able to feel safe and welcomed. One method some companies have used to create this is to hire their workforce across diverse backgrounds and cultures. To the hiring manager, there is a higher chance of the hiring decision resulting in a successful culture for the business.
2. Communicate an equal opportunity and give everyone a fair chance.
Everyone must have the opportunity to shine and be judged based on their qualifications. What they bring to the table is their qualifications and how they were handled by the hiring company in the process.