Diversity and inclusion are two concepts that have become increasingly popular in the corporate world. Diverse jobs come in different forms. Furthermore, diverse companies practice diversity, equity, and inclusion (DEI) not just by hiring candidates from different backgrounds but by establishing a culture that values inclusion and fosters difference at all levels of the organization. 👩🏽💻👩💻🧑🏽💻 FAANG companies are making considerable efforts to promote gender diversity and ethnic and cultural diversity in their workplaces. Through diverse hiring practices, corporate firms can contribute to a more diverse, equitable, and inclusive society. As the diversity and inclusion movement gains traction, companies are optimizing efforts to ensure the talk around DEI becomes action. 🎯
This blog will discuss employee diversity and the best companies for diversity and inclusion that job seekers must look out for. 👀
Diversity and Inclusion in Workplace 👩🏽💻 🧑🏽💻
According to the Oxford Dictionary, cultural diversity refers to "the existence of a variety of cultural or ethnic groups within a society." Cultural diversity in the workplace refers to employee diversity by hiring diverse talent from different backgrounds, races, ethnic groups, and sexual orientations. Diverse candidates bring innovation to the table, enabling companies to look at problems differently, driving equality and success.But what do diversity and inclusion feel like for employees in an organization? You know an organization has DEI deeply rooted in its culture when the employees say they feel 'safe' when expressing a different point of view and receive ample opportunities to progress in the organization regardless of their background.A 2017 McKinsey report states that companies with leadership teams that rank in the top 25% for racial and ethnic diversity are 33% more likely to outperform their industry peers in terms of profitability. Another research and consulting firm, Gartner, reports that, through 2022, 75% of organizations with frontline decision-making teams reflecting a diverse and inclusive culture will exceed their financial targets. Both reports indicate that hiring diverse candidates is beneficial not only in providing equal opportunities to job seekers but also for companies in improving their overall performance.
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Best Companies for Diversity and Inclusion 🏅
Diversity and inclusion are not just words on everyone's lips; instead, they are a trait that job seekers look for in their dream companies. Several FAANG+ companies, i.e., Meta, Amazon, Apple, Netflix, Google, Microsoft, etc., started publishing their diversity and inclusion reports each year, and employees are holding their employers accountable for living up to their pledges of employee diversity.
According to Glassdoor, more than 3 out of 4 job seekers and employees (76%) report that a diverse workforce is an essential factor when evaluating companies and job offers. This means that, whether or not a company is interested in increasing its diversity, most candidates are nevertheless considering diversity when they research your company and during the interview process.
However, cultural diversity in the workplace is more than just establishing diverse recruitment strategies and hiring diverse talent. It is more than just a box-ticking practice that needs to be embedded at all levels of its work.
If you're someone who belongs to the 76% of job seekers looking for a diverse workplace, here's a little information about some companies that promote and foster inclusion and difference.
Checkout: Non-Tech Roles in FAANG Companies
In 2020, Microsoft was the top-ranking company in the top 20 Fortune 500 companies on diversity and inclusion.
According to 2020 data, 39.7% of the company's board had members of racial and ethnic minorities, and its workforce as a whole was 49.8% racial or ethnic majorities. Microsoft's managers also comprised 41.3% racial or ethnic minorities based on the same data. Microsoft also reported employees with disabilities that year — 6.1% of workers there self-identify as having a disability.
To further promote employee diversity, Microsoft has also established targets for diversity and inclusion and a policy for gender diversity in its workplace.
Over the past few years, Apple's diversity and inclusion efforts have been relentless. As of 2020, Apple's 43% of open leadership roles were filled by URCs in the U.S, and 37% of open leadership roles were filled by women globally.
To foster diversity and inclusion, Apple claims that more than 15,000 managers take training on unconscious bias and inclusive leadership. Managers are also offered expert-led courses to support their ongoing education on race and justice, allyship, and more. To drive and track the progress of diversity and inclusion measures, Apple also integrated them in their annual reviews process for every leader.
Google believes that diversity and inclusion in the workplace can help create a sense of belonging among employees.
According to its 2021 data, the Google workforce consisted of 53.1% of the workforce belonging to different cultural and ethnic groups in the U.S. Also, 32.2% of its workforce were women. Google also partnered with Performance Paradigm to develop its diversity, equity, and inclusion programs.
Read here: Google's Corporate Culture
Bloomberg LP gives great importance to cultural and employee diversity in their workplaces. Bloomberg LP's values of DEI start right from their diverse hiring practices and go beyond just what they do to foster diversity and inclusion in their company.
In 2021, Bloomberg LP and Bloomberg Philanthropies announced a $150 million effort to help prepare a more diverse generation of STEM leaders. It also announced a $6 million initiative to help support four historically Black medical schools in the U.S.
Its diverse recruitment process greatly helps the company hire diverse candidates from different educational backgrounds, cultures, and ethnic groups. Bloomberg LP believes that diverse teams make smarter decisions. Hence, it encourages its managers to implement practical approaches with their teams to minimize bias and foster cultural diversity in the workplace
The companies listed above are only an overview of the entire list of companies making tremendous efforts to progress in their DEI goals.
But as a job seeker, how do you find out whether your dream company emphasizes cultural diversity in their workplaces?
Here Are a Few Aspects You Can Do Your Research On📝:
1. Take a look at the company's website. Most diverse companies have a dedicated page that talks about their values. Take a look at their values to see how they approach diversity and inclusion in their firm. Additionally, some companies publish their DEI reports on the company website each year. These reports can help you understand the trends of improvements in the company focused on employee diversity.
2. One can identify diverse jobs through their job descriptions. A well-crafted job description that suggests the company's practice of hiring diverse candidates can be your green flag. The job description can reflect a company's diverse recruitment strategy.
3. Reach out to the company's current or former employees and try to learn its values from them. See what they have to say about their experiences with the company. Ask them about what the company does to promote diversity and inclusion and their experiences for DEI in the firm.
4. Ask questions about cultural diversity in the workplace during the interviews. This will help you convey your passion for diversity and inclusion and provide you with a chance to learn more about how its senior managers consider DEI.
5. Do your research on the company's initiatives to promote DEI. One can easily find this either on the company website or blogs. Companies also often share their employee's testimonials or views on their website. Look for evidence to find out whether they hire with inclusiveness in mind.
Diversity and inclusion, when integrated, can be compelling principles for an organization. As a job seeker, do your research to discover your dream company's efforts to foster inclusion and join a workplace that values diversity. 🤝
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