The Inclusive Hiring Guide
On the Current State of Inclusive Hiring –
Stats & Facts
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In this chapter, you’ll find our statistical digs on the current state of affairs around inclusive hiring. What you’ll be finding in this chapter:
- Data on how many candidates care about working in inclusive environments.
- Information on how many companies strive to hire inclusively.
- Information on the business impact of DEI.
We hope this chapter provides you with the necessary information to make a strong case that helps motivate all your potentially skeptical peers, managers, and stakeholders.
4.1 How Many Candidates Care About Working In Inclusive Environments?
According to Deloitte research, more employees are choosing an environment that offers authenticity, flexibility, and purpose.
- Authenticity: 47% of the participants choose an atmosphere where they can feel comfortable being themselves, leveraging their unique strengths, and sharing their perspectives. Many look for their co-workers and leaders to do the same.
- Flexibility: 36% want to choose where and when their work gets done and have flexibility with other aspects of their lives.
- Purpose: 39% desire an environment that allows them to make an impact and understand how their work fits into the big picture.
Did you know?
Millennials and Generation X make up 2/3 of today’s U.S. workforce, and 90% of them say that “a company’s concrete commitment to workplace Diversity affects their decision to work there.”
Global data shows that four in five candidates say Diversity, Equity, and Inclusion in the workplace are important to them.
Let’s take a look at gender. A recent Workable survey reveals that 96.7% of females consider DEI personally crucial to them. However, 12.3% of males said they don’t find it important.
4.2 How Many Companies are Hiring Inclusively?
Most companies agree that employees are seeking work environments that foster DEI. That’s why 63% of companies prioritize Diversity, Equity, and Inclusion, when implementing initiatives and make it a permanent part of their mission, vision, and values. However, an additional 17.6% of companies report that they’re interested in DEI initiatives, but they either haven’t begun or don’t know where to start.
4.3 What’s the Business Impact of DEI?
Your workforce is the most important asset of your company. Inject Diversity, Equity, and Inclusion into it, and your organization will sail through current issues, conquer more markets, and improve its bottom line.
- Organizations with highly diverse teams report 2.3X higher cash flows per worker.
- Companies with a diverse top executive team enjoy a 19% increase in revenue.
- 43% of organizations with highly inclusive boards reap increased profits.
- Organizations with gender-diverse management tend to bring in 21% more profits.
- DEI-focused organizations are 70% more likely to scoop new markets.
- 83% of millennials find inclusive work cultures to be more engaging.
DEI is the real new normal. If your company isn’t working on it, you need to start now and reap the benefits. We hope these stats will inspire you and the rest of the stakeholders to take action.