Workplace diversity is known to promote creativity, profitability, efficiency and facilitate better connects with customers. Diversity is also known to have a positive impact on business performance because of the different perspectives a diverse team brings to the workforce. Organizations that are more diverse have wider access to market-related insights and are able to connect with a diverse base of customers. According to a Glassdoor study on job trends, 67 percent of potential employees give top priority to a diverse workforce before taking the job. Gender and ethnically diverse organizations outperform competitors significantly.
In a recent HR survey, organizations were asked to name the areas they were actively pursuing in order to be diverse. The results showed that while 60 percent aimed to have more gender diversity, 41 percent were focusing on having employees from different ethnic and cultural backgrounds. Close to 38 percent mentioned age diversity as the top focus while 14 percent were prioritizing inclusion of LGBT in the workforce.
Although many recognize the importance of diversity, about 40 percent of leaders say they have no time to implement the diversity policies. Finding skilled candidates is already hard enough, with unemployment rates being as low as they are today.
Using technology to promote diversity
Artificial intelligence is increasingly being used across industries to remove bias and make workplaces more diverse.
Programs such as SmoothHiring, Ansaro, Ideal, and Mya are used to identify the best applicants from the talent pool, ensuring objectivity. Pymetrics and open sourced tools screen resumes using neuroscience games or bias-free algorithms to determine the best matches for a job role. AI is also able to streamline applicants within minutes. Platforms such as Textio attract diverse candidates by removing ethnic or gender bias in a job application.
AI-based hiring is an important tool to boost diversity by taking the human touch prone to biases out of the equation. Metrics such as age, ethnicity or other factors can be excluded in AI programs so that selection is based on skills or experience alone.
Alluvion’s workforce diversity surpasses national averages!
As a leading RPO and staffing agency, Alluvion has a proven track record when it comes to efficiency and diversity. While 47 percent female and 53 percent male is the national average when it comes to gender representation in the workforce, Alluvion’s workforce leads with 61 percent female and 39 percent male representation.
Women have been traditionally under-represented in many industry sectors according to the most recently available data from the Bureau of Labor Statistics. While the average national percentage of women in Information Technology roles is very low (26 percent), Alluvion’s IT workforce has 33 percent female representation.
Similarly, when it comes to minority representation, Alluvion takes pride in its IT workforce that is 21 percent higher than the national average.
Using technology to gauge and help promote workforce diversity is definitely a growing trend for hiring managers and recruiters. However, it is not necessarily their primary source. At Alluvion, we build diverse talent communities by sourcing from local diversity councils and partners, and really focusing on understanding our client’s company culture and values. “Where Talent Meets Opportunity” means aligning the best people to the right company and roles.