COVID-19 marks a unique opportunity for companies and hiring managers to take a hard look at existing methods of doing business and transform them with newer, more efficient processes. (Photo: Shutterstock)
COVID-19 is forcing many businesses to rapidly rethink the way they operate – from transforming their revenue models, to working, hiring and onboarding remotely. While unemployment numbers are at a historic high, many businesses are looking ahead to rehire as the economy begins the journey to recovery. As we begin that process, employers have a once-in-a-lifetime opportunity to rethink their hiring processes and permanently change the way they hire and bring D&I goals to life.
The first step to rehiring with a commitment to diversity
Even before the pandemic, it was clear that we still have a long way to go before we achieve real diversity in the workforce, and the Black Lives Matter movement has brought this important issue to the forefront. And while corporations have committed to various diversity initiatives in recent years (e.g. diversity training programs), more changes need to be made to achieve the improvements we all desire.
A recent meta-study showed that hiring discrimination against Black applicants in the US hasn't changed in 25 years and has only slightly improved for Latino jobseekers. Yet when companies surround themselves with diverse workers, the benefits are tenfold – teams can collaborate and brainstorm with different perspectives, companies experience lower turnover rates, and studies have even shown that as more women have joined the workforce over the last 50 years, wages have grown for both men and women thanks to the talent pool becoming more competitive.
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