While evaluating your current employment situation or looking for your next opportunity, there are many factors to consider, but one thing that is often overlooked throughout the interview process is a company’s practices in regards to diversity and inclusion. With large enterprise companies such as Facebook falling short of their ambitious diverse hiring goals, it’s no surprise that smaller companies struggle as well. To combat this, many companies are choosing to build diversity objectives into their core concepts, effecting everything from the hiring process to employer branding.
Companies who instill such values from day one tend to be rated higher in overall employee satisfaction, and recent findings are actually showing that diverse hiring affects more than one would think. From the bottom-line to notoriety and resume boosters, here are 3 reasons why working for a company who values diversity is a smart career move:
1. Business success. While diversity and inclusion might not seem like issues that would impact the budget, recent trends have shown otherwise. A 2015 McKinsey & Company study found that companies with greater gender diversity and ethnic diversity are 15% and 35%, respectively, more likely to have financial returns above the national industry medians. PagerDuty, a Silicon Valley favorite, made headlines last year for hiring their first female CEO and has since received their largest funding round yet. In a similar success story, JellyVision, recent winner of a Best Tech Workplace for Diversity Timmy Award, has almost reached gender-parity within the organization and recently raised $20M in funding. Consumers and investors vote with their dollars, and working for a company that values diversity can provide you a financially stable workplace.
2. Expanding knowledge. Having a variety of decision-makers at the table leads to forward thinking business solutions, and working in an environment that exposes you to this is a great way to develop your career. Collaborating with colleagues from diverse backgrounds provides a voice to uncharted ideas, opens the door to innovative problem-solving processes, and gives a unique perspective to the discussion. Additionally, most companies who have these values provide continued learning programs and educational seminars to encourage employees to further their knowledge. While a forward-thinking work environment can be more challenging than a typical workplace, it will open the door to invaluable career experience you might not otherwise receive.
3. Industry respect. Working at a company that receives attention for diversity efforts can be just as valuable as working with the most revolutionary tech – and they often overlap. Ensuring that companies are recognized for their workplace achievements not only encourages innovation, but also extends the benefit to employees who have been a part of the development. The placement of a forward-thinking company on your resume will always catch a hiring manager’s eye, and being a thought leader in diversity is no different. For example, Lever, notorious for having a 50:50 gender ratio, received a barrage of positive press surrounding their Diversity and Inclusion Handbook in 2017. Additionally, a number of awards programs are dedicated to honoring employers’ efforts, like Workbridge Associates’ own Tech in Motion event series created the “Timmy Awards” to recognize the best work cultures across the nation.
While job seekers might have an extensive list of boxes to check off when searching for a new role, adding a box for diversity will aid you in finding the best work environment to further your career. Diversity can impact everything at a business from funding to employee satisfaction, and is a smart item to keep on your “must-have” list as you make your next professional move.