Diversity, Equality, and Inclusion (DEI) are three of the most important elements of any financial recruitment plan. The more diverse you are with your choice of employees, the easier it is to access a wide range of unique skills, personalities, and talents. Unfortunately, many companies still struggle to implement the right initiatives for DEI. While many finance teams (78%) now say that DEI is a priority, around 37% of employees say that diversity is a barrier to progression within their organisation. Failure to diversify your hiring strategy could be the issue preventing your company from outshining the competition in this competitive environment. Is it time to audit your DEI efforts?
The Importance of DEI in FinanceDiversity, equality, and inclusion are essential in any workplace. Today’s employers have a duty to treat all potential employees and candidates with the same level of respect. However, the benefits of DEI go beyond simple ethics. According to the US House Committee on Financial Services, companies with the highest level of diversity and inclusion display higher profitability; and it is a similar story in the UK. Those with a strong DEI strategy can also improve their chances of attracting the right talent. In an environment where talent shortages are everywhere, the companies willing to go above and beyond for equality are the ones that attract the most committed team members. Once you’ve brought the right people on board, your DEI strategy can also help you to keep them around. Today, more than ever, employees are looking for empathetic employees who understand their needs and respect their individuality. Unfortunately, many companies don’t notice the bias in their company until it’s too late.
Finding Your DEI GapsMany financial companies are now taking new steps to improve their DEI strategy – particularly since the remote working revolution has allowed access to candidates across the UK. According to current studies, around 56.1% of companies say they already have initiatives in place for dealing with DEI in hiring, while another 23.9% say they don’t yet have a plan but are hoping to put something in place. Knowing how to upgrade your hiring strategy with diversity and inclusion in mind will give you access to the talent you need while improving your company’s appearance. Here are some of the ways you can get started.
- Write inclusive job descriptions
- Work with a Recruitment Agency
- Standardise the Interview
- Get Feedback to Optimise
What Next?A strong DEI strategy starts with the right recruitment plan. A recruitment agency with experience in DEI initiatives can help you overcome the common roadblocks stopping equality and inclusion from thriving in your workplace. Reach out to Rebus Recruitment to find out how we can help you boost your business diversity. You can connect by emailing us here or calling our direct line on 01282 930 930 Thanks Rachel Mitson
About Rebus Financial RecruitmentRebus Financial Recruitment provides a specialist and focused recruitment service to its customers, which historically range from various organisations, including SMEs, to large PLCs. We strive to offer both the client and candidate a seamless recruitment experience. Using our expertise, we get to the heart of employer and employee needs, and, in doing so, we match the two perfectly. To find out more, get in contact with one of our team today, or you can call us on 01282 930930.