5 Techniques To Improve Diversity Hiring Practices In Your Company RIGHT NOW!
There should be a sense of urgency to hire diverse candidates regardless if you work in the private sector. There are a number of great business reasons for hiring for diversity.
Increased Profitability – Most studies surrounding diversity in the workplace have found that for every 1% increase in gender diversity, company revenue increases by 3%. While high levels of ethnic diversity increases revenue by a whopping 15%. Why? The thinking is that when you have a more diverse group representing an organization, you have more opinions, backgrounds, experience and perspectives on how to run a business, which means it can respond to a wider range of customer needs, which in turn leads to higher profitability.