DEI, or diversity, equity, and inclusion, is an essential part of every single workplace. When implemented correctly, you create a diverse environment that provides fresh perspectives and understanding.
On top of that, DEI is proven to positively impact the bottom line. So every business needs to take steps to adjust to this process and it all stems from the hiring process.
That’s why we will cover the definitions of DEI, why it’s important in the workplace, and how you can successfully implement it in your hiring process.
What are diversity, equity, and inclusion?
Most people use the terms diversity and inclusion as if they’re the same elements despite them having different meanings.
Diversity is a collection of different traits a person has that make them different from any other person. These traits can fall under different categories:
- Geographical location
- Sexual orientation
- Religious Practices
There are many other categories, but the above-mentioned are usually the ones that are most often noted in the modern workplace.
Inclusion, on the other hand, is a process by which the company enables, supports, and welcomes all of its employees in the organization.
Equity shouldn’t be mistaken for equality. Equality is about providing the same means to all people, while equity is about providing the right means to the right people.
With equity, you’re looking at the different needs of each individual and ensuring that they receive everything they need to do their job successfully.
Take accounting, for example; if you want to hire financial roles, you will need to provide them with the right set of tools to do their job successfully. And for some, that might mean getting new laptops since their old ones are breaking down. Others might have good laptops already but are in need of new accounting software. So you will provide your employees with the right means (to each their own) to do their jobs in the most optimal conditions.
On top of having DEI in the workplace, companies also started working on the practice of belonging in the workplace.
But why should a company invest in creating an inclusive and diverse workplace? Because there are so many benefits to having a diverse and inclusive workplace today.
Here are some top reasons why you should have both diversity and inclusion in the workplace
Diversity and inclusion aren’t just a nice-to-have in today’s workplace; they’re a must.
There are just so many benefits to having a diverse and inclusive workplace, and the following stats are just some of them:
- Increased job satisfaction for all of your employees – When employees work for a company that treats them and their colleagues the same no matter what their gender, race, or age is, they are happier in the workplace. The GreatPlaceToWork.com research stated that employees are 9 times more likely to be happy to go to work and 6 times more likely to be proud of their work.
- Higher profit margin – McKinsey stated that diverse teams are 20% more likely to be more profitable than their competition.
- Adaptability to market conditions – It appears that diversity and inclusion lead to innovation and adaptability. Josh Bersin stated that companies that are diverse and inclusive can be twice as fast to adapt to changed market conditions and that they’re more likely to be market leaders when it comes to innovation.
- Employer branding and attracting candidates – Most employees want to work in a diverse and inclusive workplace today. So a company that has a diverse and inclusive workplace will attract new talent easier.
- Multiple perspectives solve problems faster – Because different people perceive problems in different ways, they can easily find mistakes and solve them faster. This is backed by Deloitte research that states that diverse workplaces spot mistakes 30% easier than other workplaces.
- Ease up on the barrier of entry to new markets – According to Harvard Business Review, the more diverse the workplace, the easier it is to enter a new market with its products.
The above-mentioned examples are just some of the reasons why having a diverse and inclusive workplace would benefit your entire business. If we stated every single benefit of diversity and inclusion in the workplace, this wouldn’t be an article but a book.
Now that we understand why it’s important to have a diverse and inclusive workplace, it’s time to figure out how to implement it in the workplace.
How to ensure that you get a diverse and inclusive workplace
DEI entails a variety of different processes that can be applied to many aspects of the workplace. However, we will only focus on the hiring process in this article. Due to the hiring process being the first touchpoint between candidates and the company, it’s critically important for companies to implement DEI correctly from the start hiring process; they may encounter problems down the line.
So let’s talk about how you can adapt your hiring process to include diversity, equity, and inclusion practices and how Canditech can help you with that.
With Canditech, you will receive the following:
- An all-in-one assessment platform that will assess your candidates in a bias-free way. This way, you can equally consider all talent in your and quickly understand the top skilled and those pipelines that have matching qualities for your company, regardless of their ethnicity, background, race, or creed.
- A platform ensures you hire the right person and dramatically reduces your risk of mis-hires. With this process, you will find the most skilled candidates, irrespective of person, where they live, their background, or their age. If they’re the right person according to their skills, they’re the right one.
- Work-sample tests have proven to be the highest predictor for future job performance, which will assess your candidates through automatic checking and scoring to spotlight the best possible match. Our work sample tests are designed to help you find the candidate who will do the job in the best possible way.
With Canditech, you can easily build a diverse workplace and can be confident that you are recruiting in a bias-free manner, with no risk of the hiring manager’s unconscious bias affecting hiring decisions.
All diversity processes start with the organization’s recruitment and hiring practices. So any company that wants to have a diverse and inclusive workplace needs to take a look at its hiring process and hiring practices.
Using Canditech’s all-in-one platform will help you solve the problem and ensure that you have a diverse and inclusive workplace.