How to Incorporate Diversity into Your Hiring Strategy

HOW TO INCORPORATE DIVERSITY INTO YOUR RECRUITMENT STRATEGY Want to create a more well-rounded team? Hiring diverse students is the way to go! Diversity Outlook 81% 37% 85+% of companies plan of companies are taking of companies plan to focus on recruiting to reserve intern action to hire African spots for diverse students in 2014 diverse candidates Americans, Latinos, and in 2014 women of companies see their intern program as being highly diverse Google 30% held a contest for Black History Month which asked students to create videos showing how they have positively impacted of companies have a Diversity and Inclusion Manager, despite diversity being a core goal 13% the African American community. Social recruiting is your friend: Using Social Media: 80% П Using Twitter: of Hispanics 40% П 75% "П of 18- to 29-year-old African Americans of African Americans 70% 28% of whites of young whites HOW CAN YOU INITIATE DIVERSITY INITIATIVES IN YOUR RECRUITING STRATEGY? Broaden your strategy 36% of startups use niche job boards to attract diverse Capital One candidates offers diversity scholarships to African American, Asian, Hispanic, LGBT, and female of Fortune 1000 companies 27% students. use on-campus career fairs TIP Partner with a university or professional organization to create a larger reach! Make compensation count Two-thirds of students who earn 4-year bachelor's degrees are graduating with an average student loan debt of more than $25,000 $25,000 Average student debt: $28,692 $24,742 $22,886 $21,090 African Americans White Hispanics Asians TIP Stipends, moving expenses, scholarships, loan repayment incentives and health benefits can attract professionals who can't afford to take low-paying or unpaid work. Go abroad 70% 70+% of the world's purchasing power is located outside the U.S. Top 5 companies hiring internationally: O Mahindra Satyam EY HILTON WORLDWIDE accenture partnered with Historically Black Colleges and Universities (HBCUS) and Hispanic-Serving Institutions (HSIS) to recruit top talent within hospitality programs. L&T Infotech Microsoft TIP Start early! International employees may require visas or sponsorships in order to seal the deal. Focus on flexibility Ability to adjust the work schedules when needed: Hiring flexible employees can reduce labor costs 44.1% by 20+% of Hispanics 47.9% "П of African Americans 53.7% of whites EY 55% EY LAUNCH program for ethnically diverse freshmen, sophomores, and transfer students aims to build of students said that being allowed to work offsite one day a week would increase their odds of applying awareness of accounting as a major and professional services as a profession. 90% 74% of organizations say their work/life balance programs have improved worker satisfaction of organizations say they have improved retention of workers TIP Choose the method that works best for you, such as virtual, hourly, or contracted opportunities. Diverse teams offer stronger ideas, varying perspectives, and different skillsets. Incorporate diversity into your recruitment strategy today. brought to you by IM InternMatch Find your focus Sources: http://offers.internmatch.com/Intern-Diversity-Report.html http://www.hirediversity.com/news/2011/12/12/companies_with_formal_diversity_recruitmen t_efforts.htm http://www.americanprogress.org/wp-content/uploads/2012/10/WhiteStudentDebt-5.pdf http://www.forbes.com/pictures/eglg45feiif/no-1-infosys/ http://www.smartmanager.com.au/eprise/main/cms/content/au/smartmanager/en/pages/fle xible_workforce.html http://www.americanprogress.org/issues/labor/news/2012/08/16/11981/fact-sheet-workpla ce-flexibility/ http://workplaceflexibility.bc.edu/need/need_employees http://www.trade.gov/cs/factsheet.asp http://employerblog.internmatch.com/state-of-the-internship-2013/ http://latino.foxnews.com/latino/money/2013/08/07/latinos-top-in-social-media-activity-pew -report-says/ http://www.pewinternet.org/files/2014/01/PIP_African-Americans-and-Technology-Use_010 614.pdf http://googleforstudents.blogspot.com/2014/02/contest-spotlight-paying-it-forward-in.html http://brown.edu/campus-life/support/third-world-center/sites/brown.edu.campus-life.suppo rt.third-world-center/files/uploads/2013ScholarshipApplication_highres%20(1).pdf http://jobs.hiltonworldwide.com/en/why-choose-us/workplace-diversity/talent http://www.ey.com/US/en/About-us/Our-people-and-culture/Diversity-and-inclusiveness/Div ersity-is-part-of-our-success-and-leadership