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Best Practices in Diversity Recruitment

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on 7 March 2013

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Transcript of Best Practices in Diversity Recruitment

Diversity Recruitment
Best Practices PwC A diverse workforce can capture a greater share of the consumer market

Recruiting from a diverse pool of candidates means a more qualified workforce

Diversity in the boardroom is needed to leverage a company’s full potential Why is Diversity Important? Fare best in energy and food products/services
Hispanics fare best in food products/services
Asians fare best in telecomm/computer/business services Current Trends Recommendations .25% Facts & Figures Average total number of board members
in Fortune 500 corporations – 11.7
18.04% women
14.45% minorities
3.55% minority women No one, universal definition
Diversity does not just include protected classes
Much broader:
Individual characteristics
Values and beliefs
Diversity recruitment is when a company looks for a mixture of people with differences and similarities in these areas (SHRM definition)
It can be targeted or general
The objective is to fill a company’s talent pipeline with people who are qualified and can perform a position’s essential functions What is Diversity Recruitment? What is Diversity? General Population Statistics Women Minorities More than 50% of the U.S. population More than 35% of our population combined Among Executives in
Fortune 500 Corporations White Males 71% Women and Minorities 29% Blacks/African-Americans 4% Hispanics/Latinos 3% Asians 2.55% Native Americans Women fare better than minorities on average Fare best in insurance and retail Blacks/African-Americans fare better
than other minorities 81.9% of respondents have a formal, written diversity strategy 64.4% include targets for diversity and inclusion at the senior mgmt level Statistics Diversity fosters a more creative and innovative workforce Diversity in the workplace is necessary to create a competitive economy in a globalized world DiversityInc Top 10 for Recruitment and Retention #1 DiversityInc Recruitment and Retention #1 Company for Executive Women 10 Top 10 list Asian Americans, LGBT,
Global Diversity Highlights:
Chief Diversity Officer position – filled with line partners
Executives responsible for diversity goals – including recruitment and retention
Nine resource groups at PwC used for recruitment Recognized by Corporate Leadership Council as leader in diversity recruitment Has a recruiter position focused on sourcing, recruiting and acquiring diverse candidates Compares its workforce to US Census data on market availability Builds relationships with colleges: MIT, Georgia Tech Establishes relationships with community Support programs
that inspire children
to pursue degrees in engineering Donate to programs that encourage/enable women/minorities to become engineers What does it mean to your company? Define Diversity Define Diversity Acquire Top-Down Support Actively Search For Diverse Talent Involve Managers Tap Insiders What does it mean to your company? Without buy-in, success is unlikely Recruit from diverse pools Advertise in diverse communities or orgs Holding them accountable for diversity goals Use the resources you already have Descriptive Statistics Multivariate Analysis Results of Diversity Recruitment Results of Diversity Recruitment Multivariate analysis Results of Diversity Recruitment Overview 1. Defining Diversity and its Impact on Recruitment
2. Current Trends in the Boardroom
3. Best Practices and Examples
4. Business Outcomes
5. Best Practice Recommendations
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