In a world where digital disruption is affecting all industries, increasing innovation driven by diversity is a clear competitive advantage. Businesses are also coming to the realisation that having diverse employee perspectives, skills and experiences reduces business risk. This is in addition to near consensus from businesses that workforce diversity and inclusivity drive company performance.
When leaders exhibit various aspects of both inherent and acquired diversity, firms are 45 percent likelier to grow their market share and 70 percent likelier to capture a new market, according to comprehensive research in Harvard Business Review that was taken from 40 case studies, a representative survey of 1,800 professionals and numerous focus groups and interviews.
We are led then to a crucial series of questions:
How do you gauge diversity, both inherent and acquired?
What tools are giving visibility into workforce composition?
How do you improve Talent Acquisition to ensure your workforce is diverse?
Here are what five top companies are doing to overcome these challenges and drive real, sustainable change.
As SVP for Avature, a fast growing global enterprise HCM platform, Riges has dedicated his career to helping clients overcome business challenges, optimise efficiency and improve overall profitability by utilising his leadership skills, operations experience, and technology expertise. An expert in HR tech and Talent Management, Riges possesses an acute grasp of the big picture with a strong focus on how to leverage technology to achieve Talent Acquisition and Talent Management objectives. During his free time, he enjoys spending time with his family, as well as practicing yoga and reading.