Make Diversity Hiring be like Startup Investing
Progressive companies today are increasingly scaling up their diversity hiring efforts. This is a wise move, as diversity offers enormous returns to companies looking for talent in fields where competition is now global.
One way to approach diversity hiring is to look at it as a form of startup investing. Both venture capital and diversity hiring look to find untapped potential. Here are some analogies and? lessons from startup investing that can turbocharge your diversity hiring:?
Invest in information
Venture capitalists succeed when they have the best information about the next generation of startups and entrepreneurs. This means investing in time and resources to gather information about potential investments. The same is true for diversity hiring. Companies need to invest in time and resources to gather information about potential diverse candidates. This can be done through mentorship programs, networking events, and other outreach efforts.
The investment doesn't stop at the investment
For venture capitalists, developing startups and entrepreneurs is an ongoing process. It's not just about writing a check. It's also about providing mentorship and support. The same is true for diversity hiring. Companies need to think beyond simply hiring diverse candidates. They need to create a culture of inclusion where diverse employees feel supported and valued.
Embrace failure, learn from mistakes, and experiment again
Startups and startup investing are all about experimentation. There will be failures along the way. But the important thing is to learn from those failures and keep trying new things. The same is true for diversity hiring. Companies need to be willing to take risks and experiment with different approaches.
Be a first-mover
In startup investing, there is a big advantage to being a first-mover. Companies that are early to the game have a better chance of finding the next big thing. The same is true for diversity hiring. Companies that are early to embrace diversity will be better positioned to attract and retain the best talent.
Collaborate with others
The startup ecosystem is built on collaboration. Companies that work together are more likely to succeed. The same is true for diversity hiring. Companies that collaborate with other companies, organizations, and individuals will be better able to find and develop diverse talent.
By following these lessons from startup investing, companies can turbocharge their diversity hiring efforts. This will help them attract and retain the best talent, and ultimately succeed in the global marketplace.
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In addition to the above, here are some specific tips for HR and talent acquisition professionals:
Start early
Don't wait until you have a job opening to start looking for diverse candidates. Start building relationships with diverse communities and organizations now.
Be proactive
Don't just wait for candidates to come to you. Go out and find them. Attend diversity events, reach out to diverse colleges and universities, and use social media to connect with diverse professionals.
Be inclusive
Once you've found some diverse candidates, make sure your hiring process is inclusive. Use unbiased interview questions, and create a welcoming and supportive work environment.
Measure your results
Track your progress in terms of diversity hiring. This will help you see what's working and what's not, so you can make adjustments as needed.
By following these tips, HR and talent acquisition professionals can help their companies build a more diverse and inclusive workforce. This will be a competitive advantage in the global marketplace.
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