Recruiting for Diversity

Recruiting for Diversity

In today’s globalized and interconnected world, diversity and inclusion have become critical components of any successful organization. A diverse workforce brings a wide range of perspectives, experiences, and ideas, which can lead to better decision-making, innovation, and overall business success. As a result, employers are increasingly recognizing the importance of recruiting for diversity and are implementing strategies to ensure their talent acquisition practices reflect this commitment. 

Traditional Hiring process

Understanding the Importance of Recruiting for Diversity

Recruiting for diversity is not just a matter of promoting equality and fairness; it is a smart business decision with tangible benefits for organizations. A diverse workforce allows companies to tap into a broader range of insights, perspectives, and experiences, leading to better decision-making and innovative problem-solving. According to Forbes Insights, companies with diverse management teams have 19% higher revenues, and businesses with diverse workforces are 17 times more likely to be market leaders in their segments. Furthermore, a study found that a 1% increase in gender and racial diversity correlated with a 3% and 9% increase in sales revenue, respectively.

Additionally, a diverse workforce also enhances an organization’s market scope, increasing its ability to engage with more markets. In today’s globalized world, having a diverse workforce makes a company better equipped to work with a diverse customer base and better understand different cultures. By reflecting the wider society, a diverse team sends a strong signal that an organization accepts and values differences among people. Ultimately, recruiting for diversity means that companies can access a broader range of talent and more effectively compete in an increasingly diverse global market. By committing to diversity recruitment, organizations can foster a sense of belonging among their employees, which is crucial to the creation of an inclusive and equitable culture where everyone can thrive. 

Applicant to match their skills

Growing Trends in Talent Acquisition

The field of talent acquisition is constantly evolving. Keeping up with the latest trends is essential for recruiting professionals to attract, engage, and hire top talent in a competitive landscape. From leveraging technology and data analytics to prioritizing candidate experience and diversity, there are several notable trends shaping the future of talent acquisition.

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Employer Branding

Employer branding has emerged as a prominent trend in recent years. Job seekers are looking for employers that align with their values and offer a fulfilling work experience. Employer branding and diversity recruiting are closely tied together when it comes to attracting and retaining a diverse pool of talent. 

A strong employer brand communicates the company’s values, culture, and commitment to creating an inclusive and diverse work environment. According to a LinkedIn survey, 76% of both employees and job seekers consider diversity to be a crucial factor when evaluating job offers. Furthermore, the survey reveals that 60% of employees express the desire to hear business leaders actively addressing diversity issues. This highlights the importance of leadership engagement and vocal support in creating inclusive and diverse work environments.

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Creating a Positive Candidate Experience

Another crucial aspect of talent acquisition is candidate experience. With the competitive job market, organizations must prioritize creating a positive candidate experience to attract and retain top talent. A seamless and user-friendly application process, personalized communication, and timely feedback are some of the elements that contribute to a positive candidate experience.

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Ethical AI Recruiting Software: ThisWay Global

One significant trend in talent acquisition is the growing prevalence of AI technology. Artificial intelligence is revolutionizing the recruitment process, offering a range of benefits such as improved efficiency, enhanced candidate sourcing, and greater candidate engagement. ThisWay Global’s ethical AI software offers a range of features that can greatly assist in diversity recruiting. The core features of ThisWay include Attract, Discover, Reveal, and Score, each designed to streamline and enhance the recruitment process.

The Attract feature allows organizations to surface job postings directly to qualified candidates, eliminating the need to rely solely on traditional job boards. By leveraging ThisWay’s technology, organizations can reach potential candidates more efficiently, saving time and effort. 

With the Discover feature, organizations can passively search for candidates based on the inputs they provide. ThisWay utilizes its extensive network of diversity partners to find candidates that meet the specified criteria. This passive technique helps organizations identify potential candidates from a wider pool, promoting diversity and inclusivity in the hiring process.

Reveal is another valuable feature offered by ThisWay. It integrates seamlessly with an organization’s existing applicant database, allowing recruiters to quickly find desired candidates. By leveraging the power of AI, Reveal helps optimize the search process, ensuring organizations can identify and consider qualified applicants in a more efficient manner.

The Score feature enables organizations to upload their job descriptions and leverage AI to de-bias them. This allows for a fairer evaluation of candidates, focusing on their skills and qualifications rather than irrelevant factors. By comparing the debiased job descriptions to candidate information, recruiters can identify the best-fit candidates for their positions.

By leveraging ThisWay Global’s ethical AI software and its core features, organizations can enhance their diversity recruiting efforts. These features aid in reaching qualified candidates, reducing bias, optimizing job descriptions, and streamlining the recruitment process. Ultimately, ThisWay Global helps organizations build diverse and inclusive teams by leveraging the power of AI and technology.

Embrace a More Diverse Workforce 

Diversity in recruiting is essential for long-term success in today’s competitive job market. Organizations are adopting various trends in talent acquisition to attract and retain a diverse pool of talent. By adopting these evolving strategies, organizations can ensure that they have a diverse workforce that fosters innovation, creativity, and improved business performance, leading to long-term success in an ever-changing job landscape.

Don’t miss out on the opportunity to build a diverse, talented team and stay ahead of the competition. Book a demo with ThisWay Global today and see how our technology can work for you!