Few topics are on hiring managers’ minds more than diversity and inclusion. It’s been proven to make a significant improvement to workplaces of all kinds, and there is more focus on diversity and inclusion than ever before.
The publication of companies’ gender pay gap reporting in the UK this month has led to some employers facing a public backlash, and the news that eight in ten employers pay men more than women has brought dismay to many. However, the recent revelation that women from developing countries go into STEM careers far more often than women from developed countries got people thinking about what it takes to attract and retain the best diverse talent.
There have also been calls for ethnic pay gap reporting too. The announcement from Lloyds, one of Britain’s biggest banks, in February this year that it is committed to pushing the number of ethnic minorities in senior management jobs to 8 per cent by 2020 and 10 per cent across the whole of its workforce was a wake up call. Just how much talent are we missing out on by neglecting the BAME workforce, and why are so few people from minority ethnic or racial backgrounds entering sectors such as finance?
Businesses are gradually waking up to the importance of diversity in their organisations, but often too late to avoid harm being caused. The H&M racist hoodie scandal has encouraged the Swedish retailer to hire a Diversity Leader, and Nike has publicly sacked theirs after allegations of misconduct.
Glassdoor’s research on diversity and inclusion in 2018 makes for interesting reading; their statistics point to the business benefits of diversity, and illustrate how the working population is changing in terms of gender, age, race and ethnicity. Our infographic below highlights some of the most surprising findings from the report.
To see how your diversity and inclusion strategy could be boosted by people analytics technology, request your free demo of Talenytics today.
Content Marketing Specialist
Gianna is a copywriter with degrees in English and Marketing. She is passionate about the ever-evolving world of technology, and uses her skills to research the latest industry trends and insights.