Diversity and Data - What Are The Benefits?
Ensuring you have a diverse workforce has arguably, never been as scrutinised as it is at present, leading to a real emphasis on how and which businesses are acting on their D&I agenda. New data revealing that globally, searches for D&I roles have increased by 122%, coupled with the knowledge we have from numerous studies and research, shows that the importance of D&I is being taken seriously across (the majority of) businesses as well as employees and is an area that if not already, will need to be a key focus for businesses moving forward.
So, what does the data say?
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Instant Offices research has revealed that over the last 10 years there has been a spike in the searches for ‘Diversity and Inclusion Manager’ globally
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The CV Squad has identified that the number of CVs submitted to their CV review series that included ‘diversity and inclusion’ has increased by c.20% over the last 12 months (Aug 2020)
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Glassdoor’s top hiring trend of 2020 showed a much greater focus on D&I roles as well as a 106% spike in UK job postings for D&I roles between Aug ’18 – Aug ‘19
The benefits of having a diverse workforce can be evidenced from proven statistics that show how D&I can have positive impacts on a business – looking at the findings from a McKinsey study, it is shown that organisations with greater racial and ethnic diversity are 35% more likely to have financial returns above their industry average, as well as Boston Consulting Group who found that businesses with more diverse management teams have 19% higher revenues due to innovation.
There definitely isn't a shortage of data that supports the importance and benefit from having a diverse workforce so, with this in mind, Executive Network Group have taken strides to ensure that diversity is a key part of our recruitment service and process, underpinned by the ENG 3D Ecosystem® which, ensures the recruitment process removes bias and emotion from hiring decisions. Whether you are seeking short or long-term solutions, Executive Network Group are able to utilise data, diversity and delivery to enhance your future workforce.
To learn more please email 3D@executivenetworkgroup.co.uk
Sources: HRgrapevine
