Diversity and Inclusion Statistics To Transform Your Diversity Recruitment Strategy

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Is your company investing enough in diversity? Well, with the new recruiting season quickly approaching, every company should know best practices of diversity recruiting to attract top talent.

Diversity is one trend that companies need to embrace in 2020. The evidence of the positive impact of workforce diversification is all over the place, suggesting that those investing in this trend will get nice dividends. For example, in organizations with diverse workforces, employee performance and intent to stay are higher by 12 percent and 20 percent, respectively, says Gartner research.

Creating an effective strategy to attract diverse talent is no small effort. You need to think about completely new recruiting techniques and be aware of the latest diversity statistics to increase the chance of this season being successful.
In this in-depth guide, we will cover:

  • The latest diversity statistics so know what your competitors are doing and what to expect
  • Diversity as a necessity in 2020 as well as the benefits of diversifying your workforce
  • What top talent is looking for when it comes to a diverse workplace
  • The most common mistakes of diversity recruitment.

1. The Latest Diversity Statistics to Keep in Mind when Recruiting

In order to be in a better position to understand the importance of having a diversity hiring strategy, we’ve compiled this great list of diversity statistics. Let’s dive right in.

1.1. Diversity Statistics: Job Search

  • More than 60 percent of job seekers consider diversity important when assessing organizations and job offers (Glassdoor)
  • If the job posting contains words like “aggressive” to describe the workplace, 33 percent of male job seekers and 44 percent of female job seekers say they would be discouraged to submit their resumes. (source: LinkedIn, Language Matters report)
  • 25 percent of female job seekers say they wouldn’t want to work in a company whose job postings describe their workplace culture as “demanding” (source: LinkedIn, Language Matters report)
  • The number of job postings related to diversity and inclusion increased by almost 20 percent between 2017 and 2018 (source: CNN Money).
Diversity Statistics in Job Search

Source: Linkedin

1.2. Diversity Statistics: Benefits of Having a Diverse Workforce

  • Businesses with more culturally and ethnically diverse management boards are 43 percent more likely to generate higher profits (source: Glassdoor)
  • For every 10 percent increase in gender diversity on top management boards in the UK-based companies, there’s a 3.5 percent performance increase (source: McKinsey)
  • On average, gender-diverse and inclusive decision-making teams outperform less inclusive and gender-homogeneous teams by 50 percent (source: Gartner)
  • Inclusive companies are 120 percent more capable of achieving financial goals (source: Business2Community)
  • Inclusive companies generate 1.4 times more revenue and 2.3 more cash flow per employee (source: Business2Community)
  • Top management teams with more than 15 percent of female members have a 5 percent higher return on equity (source: Business2Community)

1.3. Diversity Statistics: Workplace Culture

  • More than 40 percent of companies provide holiday leaves for employees based on a cultural or religious reason (source: Business2Community)
  • Women occupy more than 26 percent of leadership positions in Google, and the number is constantly growing. The company plans to increase the representation of women, African American, Latino, and Native American employees (source: Google diversity annual report 2019)
Diversity Statistics in Job Search

Source: Google Diversity Annual Report 2019

  • Google introduced a non-binary self-ID approach for gender data that now includes voluntary data such as disability status and military experience. As a result, 7.5 percent of employees identified as having a disability, 5.2 percent said they either are or were military members, and 8.5 percent self-identified as LGBQ and/or Trans+ (source: Google diversity annual report 2019)
  • 38 percent of top managers say that the primary sponsor of the organizational inclusion and diversity efforts is the CEO (source: Deloitte Insights)

1.4. Diversity Statistics: Barriers and Challenges

  • 40 percent of women say that they are judged by different standards in the workplace, which is a major challenge to their success (source: McKinsey, Women in the Workplace 2019 report)
  • 74 percent of HR leaders say that a lack of sponsorship of women is the biggest challenge to their success in the workplace (Source: McKinsey, Women in the Workplace 2019 report)
  • 34 percent of women are bullied at work, and women tend to bully more women than men (source: Forbes).
  • 38 percent of top managers say that the primary sponsor of the organizational inclusion and diversity efforts is the CEO (source: Deloitte Insights)

2. Diversity Statistics: Takeaways for Your Company’s Recruitment Strategy

Now that we’ve looked over the latest diversity statistics, we know that there’s a lot to think about. Every stat is a powerful insight that defines the planning, implementing, and adjusting diversity hiring strategy, so let’s now talk about the takeaways from the previous section.

Takeaway 1: Your recruitment strategy should also be about the positions you need to hire for

There’s a misconception about diversity hiring that says that companies should focus on who they hire as well as where the diverse candidates come from. While this is important, another critical consideration to keep in mind is the positions….

Source: Everyone’s Blog Posts – RecruitingBlogs

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