Diversity hiring is tough, and companies are often shy about sharing their data behind it. Only 3% of Fortune 500 companies share full diversity data and even then, most of them are from the same industry, tech.
But diversity hiring is incredibly important, and not just because it’s the right thing to do. Companies in the top quartile for racial and ethnic diversity are 35% more likely to have returns above national industry medians, according to a January 2015 McKinsey study. What’s more, Bersin by Deloitte found over a 3-year period, diverse companies see 2.3 times the cash flow per employee when compared to their less diverse peers.
But how do companies actually go about diversity hiring and is there technology out there to help? Panelists at the HR Technology Conference took the stage to tackle these questions and share their advice.