Are you looking to hire and are having trouble finding talent? America is facing a talent crisis. 29% of recruiters say that a lack of applicants is to blame.
However, implicit bias makes the problem worse. When diverse workers don't feel wanted by employers, they don't bother to apply. Tweak your recruitment efforts to make job postings appealing and welcoming to all.
Check out our infographic (located in section 3 below) to learn some tips on how to make your job posts incorporate the principles inclusive hiring You can also download the image here.
Understanding Diversity Hiring in Today's Marketplace
Let's face it. The talent landscape has changed dramatically.
Companies embracing diversity hiring are not just doing what's right; they're gaining a significant competitive advantage. But what exactly is diversity in hiring?
At its core, diversity hiring means creating a recruitment process that provides equal opportunity to all candidates regardless of their background, identity, or personal characteristics.
Diversity in hiring isn't just about meeting quotas or checking boxes. It's about building teams that bring different perspectives, experiences, and problem-solving approaches to your organization. When you implement inclusive hiring practices, you're expanding your talent pool and setting your company up for greater innovation and adaptability.
Studies consistently show that organizations practicing diversity in hiring outperform their competitors by up to 35% in profitability. This shouldn't be surprising. Diverse teams simply make better decisions because they consider more angles and possibilities than homogeneous groups.
The Business Case for Inclusive Hiring Practices
When implemented strategically, inclusive hiring practices deliver measurable business outcomes. Organizations with high diversity in hiring report 19% higher innovation revenue than their less diverse competitors.
Diversity hiring isn't just about optics, though. It's also about building teams that reflect your customer base and bring varied perspectives to problem-solving.
Companies with effective diversity in hiring initiatives also experience 50% lower turnover rates, which saves substantially on recruitment and training costs. By prioritizing inclusive hiring practices, you're making a smart business decision that improves your bottom line while creating a workplace where everyone thrives.
Key Areas for Inclusive Hiring Practices to Focus On
As illustrated in our infographic below, there are several key areas to focus on when implementing inclusive hiring practices. Each represents an opportunity to make your recruitment process more welcoming to qualified candidates from all backgrounds.