Talent Circles

Wednesday, June 26, 2013

Diversity Management in the Workplace

By Jessica Miller-Merrell

If a candidate applying is a buying decision, than a newbie employee’s first day is their wedding day as they say “I do.” This critical moment is important in the retention and engagement of that employee. Even so, newbie employees often seek greener pastures when other job offers come through. New employees, tenured employees and experienced employees play the employment dating field throughout their time with you.

Diversity management can no longer be ignored in the workplace. It’s no longer just about the numbers and having the right mix, but it’s about how an organization or company treats its people authentically down to the core values. There are hundreds of reasons why having a diverse workplace is good for a company.

A diverse workforce drives economy growth. According to a 2012 Mckinsey & Company survey women went from holding 37% to 47% over the past 40 years. At the same time our economy saw a record growth over multiple industries. Most economists believe that increase in diversity is a direct result to economy growth over the years.

Increased creativeness and innovative workforce. The one thing your company doesn’t want is a workforce made up of same personality types. 85% of companies in a recent study by Forbes stated that they “agreed or strongly agreed that diversity is crucial to fostering innovation in the workplace.” Having a workforce that is diverse won’t open help put your company on top, but will help separate yourself from the competition.

Diversity is a key aspect of entrepreneurialism. The greatest companies are built from those with an entrepreneurial mindset. Startups are formed through the minds of entrepreneurs taking ideas or products and helping them come to reality. In the corporate world, entrepreneurs strengthen your product development team and help lead your company into a world of innovation. According to the U.S. Census diversity is a main catalyst in small businesses. 22.1% of U.S. businesses are owned by people of color, 28.8% are women, and the Latina-owned businesses are the fastest growing segment. Hiring these people will not only help your company, but take it to the next level.

If your company is struggling to promote and maintain a diverse workforce, TalentCircles has the answer to you problem. Within the TalentCircles platform recruiters are able to create specific “circles” and pursue a proactive Diversity and Inclusion strategy effortlessly. To be a leader in the industry it’s imperative to attract and address segments of the population that’ll help your workplace evolve and company grow.

Using TalentCircles, you can segment your talent network into circles using the point-and-click Circle Manager. This allows you to segment out certain populations like working mothers, veterans, or any segment of the population you’d like. If you want your company to produce record numbers and optimal growth it’s essential that you utilize tools and best practices that facilitates the hiring of a diverse workforce.

Jessica Miller-Merrell, SPHR is a workplace and technology strategist specializing in social media. She’s an author who writes at Blogging4Jobs. You can follow her on Twitter @blogging4jobs

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  1. You are exactly right. Today’s leadership development programs have grown old and tired. The “one size fits all” approach doesn’t work anymore. Diversity and cultural intelligence are two critical leadership success factors – that have not viewed as key components in the development of leaders. Corporations are quickly realizing their lack of diversity management is now negatively impacting their bottom line and they can no longer ignore it. Next time you are amongst leaders, ask them about their views regarding diversity. To see more info please visit essayhogwarts.com/thesis-writing.

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