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One Third of Businesses Expect to Increase Investment in Diversity & Inclusion Programs

Posted by: CEA's HR Advisor Team on Wednesday, December 6, 2017 at 12:00:00 am

Glassdoor has released new data revealing greater resources are expected to be devoted towards improving a lack of diversity over the coming year. 35% of hiring decision makers expect to increase investment in diversity and inclusion efforts, 3% expect it to decrease; the remainder are continuing to invest at the same levels.

The report also finds that job candidate demographics are one of the most important recruiting metrics to hiring decision makers.

"In today's era of the informed candidate, job seekers are hungry for as much information about a company as possible before they take a job. Job seekers want insights into what businesses are doing to build a workforce that is diverse in all aspects of the word be it age, gender, ethnicity or thought," said Carmel Galvin, chief human resources officer of Glassdoor.

Diversity & Inclusion impacts recruiting efforts. The report shows that recruiting is less effective when companies do not invest in diversity and inclusion programs. Nearly 59% of hiring decision makers report that a lack of investment in diversity and inclusion is a barrier or challenge their organization faces in attracting and hiring quality candidates.

Information on diversity and inclusion efforts can help sway candidates. Nearly 18% of those surveyed report that diversity and inclusion initiatives are among the top elements that have the greatest influence on a candidate's decision to join their organization.

Not having a diversity and inclusion focus could be costly to more than just a company's recruiting funnel: 10% of hiring decision makers believe employees will voluntarily leave their organization in the next 12 months as a result of no diversity and inclusion programs.

Let CEA help! CEA has qualified trainers who can help you create a Diversity and Inclusion training program in your company.

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