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Building smarter, efficient and agile teams takes more than just filling an open position. It's about attracting top talent while avoiding the culture-fit hiring trap. “This trap is known as trying to recruit someone with the skills and experience to help scale a company, but when interviewing candidates, focusing on office cultural issues instead."
When you focus on more than just finding a good cultural fit for the office, you just might see you're not another company facing diversity issues.
But as anyone who's ever tried to recruit top candidates can tell you, it's no easy task. Sometimes you need a different approach to help you reach your goal. So, here are seven bottom-line reasons that diverse hiring can fast-track your path to finding the top talent you need.
As you probably know, the STEM talent gap and low unemployment rate have made it tougher than ever for businesses to recruit the skilled talent they need. The “war for talent" is on and skilled workers are in demand. Maybe that's why almost one-third of senior leaders say finding talent is their most significant managerial challenge.
Here's an illuminating statistic: “A whopping 82% of companies don't believe they recruit highly talented people. For companies that do, only 7% think they can keep it."
Potential employees are more discerning than ever about which companies to work for. For example, almost half of American millennials consider a diverse and inclusive workplace as an important factor in a job search.
So when it comes to attracting and retaining employees in a competitive world, it's important to understand the role increasing diversity plays in becoming an employer of choice.
It's no secret the tech sector has a diversity problem.
What may surprise you is the impact the lack of diverse hiring practices is having on many companies.
Tech giants like Google and YouTube have faced lawsuits because of their hiring practices.
A National Urban League study sparked criticism of the tech industry after revealing that at companies like Twitter, Google and Facebook, fewer than 3% of tech workers identify as black. According to the report, “In the vast majority of [social media and tech] companies, fewer than 5% of the workforce is African American. By contrast, at least half of the workforce in these companies is white."
A lack of diversity can make a company unattractive to potential employees. For example, research found that 47% of millennials want to work at diverse companies. Yet, according to research conducted by Bloomberg, "all-male teams make about 38% of the decisions in a typical large company, and the gap is even worse among less diverse firms like those in Silicon Valley's technology industry."
As you can see, there are very real consequences to bias in the workplace.
Here are seven bottom-line benefits of building a more diverse workforce.
These insights into the changes happening in the workplace should help you prepare for...
The role of the hiring manager has changed dramatically along with the workforce and economy. That evolution will continue as globalization leads to an increasingly diverse workforce.
But that doesn't mean the need to build more inclusive workplaces in the IT industry today is any less important. Tomorrow's technology companies will need to be innovative, competitive and they'll have to be attractive enough to top talent to deal with an increasingly agile and restless workforce.
With a majority of decision-makers planning to increase headcount in 2019, it's important to remember that diversity and inclusion aren't just buzzwords. And, they aren't about quotas. Hiring managers need to fill their pipeline with the best and brightest talent so their firms can compete globally.
In other words, building more diverse and inclusive workplaces is good for business, especially in the technology industry.