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Forget buzzwords - DEI is crucial for success in today’s job market. Research shows that companies with diverse management teams achieve 19% higher revenue and have 1.7 times greater chances of being innovative.
However, achieving diversity doesn’t necessarily mean inundating your organisation with a multitude of tools. Choosing the right tech stack can streamline the process and maximise efficiency. Companies leveraging strategic technology solutions tailored to their DEI goals are better equipped to boost their reputation and contribute to a fairer society. Research from McKinsey reinforces this, indicating that those in the top quartile for ethnic and cultural diversity are 36% more likely to achieve above-average profitability.
Let’s explore how companies can integrate solutions like Otta into their existing frameworks to create a cohesive DEI tech stack. By empowering hiring managers with the right tools, organisations not only enhance their hiring practices but also embed diversity as a core strategic advantage from the outset.
When selecting tools to enhance DEI in your hiring process, it’s crucial to consider their specific functionalities and how they align with your organisation's goals. Here’s how you can categorise and evaluate these tools effectively:
1. Inclusive Applications and Sourcing
Leveraging tools that broaden your talent pool and prioritises diversity is essential. Platforms like Otta help businesses find and engage the best, most diverse candidates on the market. Because Otta captures self-reported candidate demographics, you can more reliably source from matched candidates who may not have seen a role yet based on their gender, ethnicity or seniority in line with your DEI hiring priorities - with less baked-in bias from your hiring team.
2. Fair Evaluation with Blind Hiring
Applied facilitates fair and unbiased candidate evaluation by anonymising candidate information during initial screening. This approach shifts focus solely to candidates’ skills and experience, enabling better decisions.
3. Crafting Bias-Free Job Descriptions
Crafting inclusive job descriptions is critical to attracting diverse talent. Textio employs augmented writing intelligence to analyse and suggest improvements for job postings, ensuring they are bias-free and appealing to a broad range of candidates.
4. Optimising Inclusive Hiring Workflows
Greenhouse offers customisable workflows and automated communication within its applicant tracking system, ensuring a seamless and fair candidate experience while optimising hiring for inclusivity. Ashby is also a great platform for digging into the metrics behind your hiring, across your organisation.
5. Enhancing Employee Engagement and Inclusion
Culture Amp provides customisable surveys and analytical tools to gather actionable feedback on your organisation’s culture and DEI initiatives, enhancing employee engagement and fostering inclusivity. Alternatively, we hear great things from customers using Peakon for understanding the impact of their inclusion and equity efforts.
By categorising tools based on these critical aspects - inclusive applications and sourcing, bias-free job postings, optimised workflows, fair evaluation, and employee engagement - you can strategically assemble a DEI tech stack that aligns with your organisation’s values and goals.
Building a truly inclusive team isn’t just about checking a box. It’s about unlocking a competitive edge through a vibrant mix of talents and perspectives. Take control of your hiring with a strategic DEI framework that prioritises smart solutions over unnecessary tools. Build the diverse team you’ve always envisioned while optimising resources and achieving tangible business outcomes.
Looking to hire more inclusively? 70% of applications come from diverse candidates, and you can actively source candidates by self-reported gender and ethnicity information with Otta. If you're looking to attract and engage more diverse talent in your hiring funnel, Otta can help