Practice What You Preach: How Any Organization Can Truly Embrace Diversity

Practice What You Preach: How Any Organization Can Truly Embrace Diversity

POST WRITTEN BY:  Forbes Coaches Council

 

With as many as 41% of businesses saying they don’t have time to include diversity in their workplace, the need for inclusivity seems greater than ever. Many organizations claim to have a handle on diversity from within, but there is much more work that can be done to make all their employees feel like a part of a team.

 

There’s a lot to learn about diversity from a business perspective. Your organization needs to stay ahead of the curve and be a true leader when it comes to being truly inclusive. With a little effort and time, you can provide a work environment that your diverse staff will thrive in.

 

Fifteen members of Forbes Coaches Council weigh in on the steps organizations need to take to embrace diversity and actually “practice what they preach” regarding it. Here’s what they recommend:

 

1. Get Clear About Inclusion

 

Diversity plans are nothing without inclusion. Most of us understand the benefits and competitive advantages of a diverse workforce, yet we are challenged to be inclusive of the very diversity we create. So before you start mixing things up, get extremely clear about the culture you are trying to cultivate and why. - Susan Taylor, Generon International

 

2. Embrace Diversity From The Top Down

 

Organizations interested in diversity and inclusion must begin at the highest levels. The board, senior executives and upper-level management must reflect their diversity philosophy. In addition, training on diversity and inclusion should be mandatory for all employees on a regular basis. This should begin with orientation and continue each year. - Dr. Venessa Marie Perry, Health Resources Solutions, LLC

 

 

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Walmart pledges $2 Million to Fund Diversity Internships

Walmart pledges $2 Million to Fund Diversity Internships

The Associated Press

July 24, 2018 03:17 PM

Walmart plans to donate $2 million to two congressional minority caucus foundations to fund programs for students and young professionals.

The Bentonville-based retail behemoth said Tuesday that the Congressional Black Caucus Foundation and the Congressional Hispanic Caucus Institute will each receive three-year, $1 million grants which will go toward paid congressional internships, housing, monthly stipends, professional development and leadership training.

In a press release, the company cited statistics from the Pew Research Center that show that while non-white Americans comprise approximately 36 percent of the population, less than 20 percent of congressional representatives are people of color.

GOOGLE TO HIRE THOUSANDS IN 9 STATES

Officials from each of the foundations say internships are crucial to careers in public policy. The grants will bring Walmart's total donation to the two foundations to more than $6 million.

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Accenture CEO: Total Gender Equality by 2025

by Haley Draznin

As CEO of Accenture North America, Julie Sweet wants to accomplish what most other executives at major companies have not: Making sure men and women are represented equally in the company's ranks.

 

Her goal: To get to a 50% male-50% female workforce by 2025. As of last year, the firm's US employee base was 36% women and 64% men.

 

"I'm very optimistic," Sweet tells CNN's Poppy Harlow in the latest podcast episode of Boss Files. "I'm with CEOs all the time. I'm in the C-Suite. There is something different today than even two or three years ago. There's a genuine focus that's not about checking the box... There's been so much disruption. Companies are having to come up with entirely new business models."

 

Sweet feels it's her corporate responsibility to be a leader on equality. Accenture was the first of the big professional consulting firms to publish their diversity statistics in 2017.

 

"When I'm talking to my peers, what they recognize is they can't do it with the same leaders. They need different thoughts. Different ideas," she says. "Diversity, I think, has become a real business imperative at the very top with CEOs who are facing massive disruption. That, I think, is why we're at an inflection point."

 

By being transparent about things like hiring statistics, Sweet seeks to help all Accenture employees understand the importance of this initiative and why the company is embarking on it.

 

"One of the reasons we shared our numbers, they weren't because they were great, they were in order to have a transparent conversation," Sweet says. "We're going to be honest about where we are and where we want to go."

 

Sweet is one of the founding members of the CEO Action for Diversity & Inclusion, a commitment signed by more than 400 CEOs pledging to advance diversity and inclusion in the workplace.

 

She's also increased the paid parental leave policy at Accenture and is launching initiatives that appeal to a millennial workforce.

 

"Diversity is critical," Sweet says. "People who come to Accenture want to be part of collaborative teams that are interesting and diverse. We think it's actually a real differentiator as we try to get people to come join us."

 

Sweet and her team have also set incremental hiring goals to improve diversity along the way. "We said by 2017, we wanted to hire 40% women globally. We met that a year early," she says.

 

And it's not just about hiring women.

 

"Last year, for the first time, we set goals in terms of hiring around African Americans, Hispanic Americans, veterans. We've announced that we want to hire 5,000 veterans by 2020," she adds.

 

 

Related: Diversity is Not About Being Different

 

 

Key to her leadership style, is having empathy. "We don't always talk about that as a leadership quality. I think what's really important is having empathy, understanding the experiences of how someone is going to experience what you have to say," Sweet tells Harlow.

 

 

Taking risks is another. For Sweet, that is something that was instilled in her from a young age. Growing up with just a single pair of shoes and her parents struggling to make ends meet, she admits her younger self was driven by the desire to be successful.

 

When she went to study in China in the 1980s as a teenager, few Westerners had been traveling there. She didn't know the language or the culture, but she overcame all of those boundaries.

 

Related: A former refugee, she's now the first Latina CEO of a major US company

 

"Taking that risk and succeeding has really given me the confidence to take other risks," she says. "My jump to becoming CEO from the general counsel job at Accenture, that's a risk, right? That's very public. I think about even my willingness to take that risk. This kind of goes back to those early experiences."

 

"I needed and wanted to be someone who was going to make a difference," she admits, "Now, as CEO, I have even more of an ability to drive change. It is hard, right? But it's a great privilege to have the opportunity."

 

 

 

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Uber Exec: White Men Need To ‘Make Noise’ About Diversity

Uber exec: White men need to 'make noise' about diversity

Posted on 3/13/18

 

By: Sara Ashley O'Brien (CNN)

 

Bozoma Saint John, Uber's chief brand officer, called on white men to help diversify their workplaces.

 

"I want white men to look around in their office and say, 'Oh look, there's a lot of white men here. Let's change this,'" Saint John said at the SXSW festival on Sunday.

 

Saint John said the onus should not be on people of color to improve diversity at work: "Why do I — as the black woman — have to fix that? There's 50 of you, there's one of me. Ya'll fix it. ... Everybody else needs to make the noise — I want white men to make the noise."

 

Saint John joined Uber last June and is responsible for increasing customer loyalty. Her hire was considered a strategic move in Uber's turnaround effort: The company added a black female executive after being blasted for having a non-inclusive culture.

 

Travis Kalanick resigned as CEO later in June amid turmoil at the company.

 

Uber, like most tech companies, is working to diversify its workforce. Its first diversity report, released in March 2017, showed that Uber had no technical leaders who are black or Hispanic. Among non-technical leadership positions, 3.7% were black and 1.2% were Hispanic.

 

However, the report noted that in the 12 months prior, Uber had increased its hiring of black and Hispanic employees.

 

Uber's numbers aren't outliers when compared to other Silicon Valley tech companies, according to Saint John.

 

"The number of African Americans in Silicon Valley is dismal," said Saint John, who left her marketing leadership job at Apple Music for Uber. "It's not up to one company — it's up to the entire industry to make sure that we are moving the conversation forward. Sometimes those walls of competition need to come down so we can move the entire industry forward."

 

 

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DIVERSITY DESPERATELY NEEDS INCLUSION

Diversity Desperately Needs Inclusion

By: Tony Wright

 

Several months ago, I was invited to attend a small gathering to discuss workplace diversity. I sat alongside other leaders for breakfast to learn about what they'd done to help diversify their work teams. The facilitator of this small gathering was a very passionate white female that sought to change the usual demographic in the upper echelons of management. As she began to facilitate the discussion, I leaned forward with curiosity, as I knew that, on this day, I'd learn something different. The energy in the room was fantastic. 

 

The facilitator arranged for a group of prominent leaders - all white men - to engage in an interactive conversation with the audience about how to ensure women were given ample opportunities to compete for leadership positions. She asked really tough questions, and quite frankly, the (white) men gave solid responses that were really helpful. Many of these men had already implemented succuessful hiring initiatives to give more women opportunities to compete. They were changing the demographic of their companies, and they had the numbers to prove it.

 

One CEO gave specifics about how his organization shaped interview panels so that the ratio of men to women was appropriate. Basically, his theory was that a balanced panel would more than likely make a balanced decision. This simple tweak obviously made a big impact in his organization - more women were allegedly given more opportunities for advancement.

 

In another example, a CEO stated that he mandated that diversity committees be formed in different divisions throughout his organization. He stated that the committees were formed to bring back innovative ideas that supported the advancement of diversity. Similar to the earlier example, women were asked to participate in these committees, and as such, they developed plans that were thoughtful and deliberate. After these plans were implemented, the CEO stated that they quickly began to see changes - positive changes - in all layers of management in his organization.

 

After several other CEOs spoke, and the audience asked their fair share of questions, the facilitator summarized the lessons learned for us to take back to our home organizations. Enthused and ready to put a plan in place for my company, I pointed my attention back to the facilitator to listen to her closing remarks. Her powerpoint ended with a before and after picture of an executive team. The "current state" image showcased a gathering of business men - all white men - dressed in fancy suits and ties. The "future state" image was much different. It was a collection of men and women, all dressed professionally - - - and, they were all - - -  white.

 

Not a single woman of color.

 

As I looked around the room, the audience appeared to be excited and engaged. I was not. I was beginning to feel defeated, as if people who looked like me were intentionally carved out of the diversity conversation. You see, I am an African American male. No one else in the room looked like me.

 

In an instant, I transitioned from being highly engaged, to feeling a sense of frustration. I felt alone.

 

And then, it hit me. 

 

Diversity requires inclusion at all levels. Without it, it diversity doesn't stick, and there is no real, sustainable engagement. We must include everyone in the conversation to have balance - including black men, and white men. Women of color, members of the LGBTQ community, disabled employees... The list goes on. No member of any "group" will have the desire to participate in such an important conversation if they aren't positively impacted.

 

Thoughtful inclusion of everyone is probably the best way to get full participation when having these types of discussions. Without inclusion, there's often a diversity backlash that can occur, which is what I felt when I saw the all-white image of an executive leadership team.

 

 

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GOOGLE TO HIRE THOUSANDS IN 9 STATES

Google to Hire Thousands in 9 States

(CNN Money) — Google is going on a U.S. hiring spree, increasing its footprint outside of Silicon Valley.

 

The Mountain View, California-based company is expanding or opening offices in nine states, Google CEO Sundar Pichai said during an earnings call on Thursday.

 

“We plan to hire thousands of people across the U.S. this year,” said Pichai. “Last year in the US we grew faster outside the Bay Area than in the Bay Area. To support this growth, we will be making significant investments in offices across nine states, including Colorado and Michigan.”

 

Typically considered a Silicon Valley company, the plans are consistent with Google’s U.S. hiring in recent years. The company currently has an office or a data center in 21 states.

 

Related Story: Here's How To Overcome Diversity in Tech

 

The Alphabet-owned company will also open or build five new data centers in the United States in 2018. The company currently has six open data centers in states including Oklahoma, Iowa and North Carolina.

 

A single data center only employs between 70 and 350 people. Though their data centers don’t generate huge numbers of jobs, tech companies typically receive local and state tax incentives in exchange for picking certain locations.

 

Back home, Google is also busy planning a massive expansion into San Jose, which is only 13 miles from its current headquarters in Mountain View.

 

There’s been increased attention on tech company hiring in the United States, and political pressure to invest and create jobs locally.

 

Facebook has five data centers across the country and plans to open five more. Apple recently said it would invest $30 billion in facilities and create 20,000 jobs in the United States over the next five years. Amazon has turned its search for a second headquarters’ city into a highly publicized contest  dangling the promise of 50,000 new jobs for local tax break offers.

 

The-CNN-Wire™ & © 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved.

 

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WHY THIS VC IS BETTING ON WOMEN, PEOPLE OF COLOR, AND LGBTQ FOUNDERS

Why This VC Is Betting on Women, People Of Color, and LGBTQ Founders

 
 
Feb. 7, 2018
 
This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers.

 

Four years ago, Arlan Hamilton was living out of a hotel room that she shared with her mom. At that point, she had given up a career as a live music production coordinator to become a venture capitalist. There were a few problems though: She didn’t have a formal finance background and virtually no connections in Silicon Valley.

 

Her goal? Raise a fund that invests in companies founded by underrepresented entrepreneurs, including women, people of color, LGBTQ company founders, or any combination of the three. She cold-emailed venture investors, explained her strategy, and asked them to back her fund. She eventually managed to raise enough capital to launch Backstage Capital. “[They] saw that I wasn’t just a VC tourist — I was serious,” she says.

 

Hamilton convinced a number of remarkable limited partners to back her fund, including Susan Kimberlin, Marc Andreessen, Chris Sacca, Stewart Butterfield, and Ellen Pao. Since 2015, Backstage has deployed approximately $3 million across more than 60 pre-seed and seed stage startups. The portfolio includes companies such as Thesis Couture, Mars Reel, and Tinsel.

 

Fortune spoke with Hamilton about why she believes a diverse portfolio is good for business.

 

Tell me about your investment thesis. What are some of the key elements you look for in a founder or company before investing?

 

We invest in founders who are women, people of color, and/or LGBT. We felt like a lot of these people and companies were being overlooked, undervalued, and underestimated. With a little bit of leveling the playing field, we believe that these people are equipped to handle an erratic market and the various ups and downs in the startup world.

 

How do you think about dealflow, and what’s your current process of driving it?

 

When I first started, the question I would get from potential LPs over and over again was: Will you have the dealflow for this? How will you find them? We see more than a thousand companies every year. All of them, except for the several that haven’t researched us, are led by underrepresented and underestimated founders.

 

You’ve said previously that you don’t look at investing as “social impact” or a “charity.” Can you elaborate on that?

 

I think that “social impact” and “charity” are two different things. While in the past I’ve said we’re not an impact fund, I’ve actually come around to understand that we are an impact fund, and I’m proud of that. We are an impact fund because of the impact we have, but we are also looking for outsize returns. Those things do not have to be mutually exclusive.

 

Now, I will say that we are not a charity or a non-profit. When you talk to a group of white, affluent male investors and tell them you’re investing in women of color, the first thing that comes out is, “Oh, that’s really nice of you. That’s a great mission.” They immediately correlate us to needing a helping hand. This is not that.

 

What do you think about VC firms forming independent funds to back diverse founders separately from their own firms?

 

Here’s the thing: In an ideal world, they wouldn’t think about it as something separate. But at least, it’s a step forward. I’d rather them do that than completely ignore it. I would be happy to go along to the top 10 funds in the country and help them do that. It’s all about getting the capital access — the politics of it we can talk about another time. You have to start somewhere, so I volunteer to go into any fund and help them start a scout fund that is scouting for diversity. That is not a bad idea, and I applaud the people who are already doing that. They may not have it perfect, but they’re attempting it, and that’s a good start.

 

On average, women founders receive less than 3% of total VC dollars and women of color receive only 0.2%. What needs to happen for these stats to change?

 

A few things: One, more and more angels of color and women angels need to step up and meet founders early in their journey. There’s power in numbers. Two, some of these companies need to have more support at the post-seed level. There’s a lot that has been done at the pre-seed and seed level, but then there’s nowhere for them to go after that. I think larger investors think we’ve taken care of it because there’s a black woman writing a check. That’s not enough. We just can’t do it alone. The larger investors need to step up.

 

You support founders in the early stage, but what do you advise them to do as their company grows and they need further capital?

 

I struggle with that question because I’ve seen so much. I want to tell them that this is a meritocracy and that as long as you keep hitting your KPIs, you’ll be met with a Series A investor and you’ll be part of that percentage that makes it to the next level. But the reality is that the best and brightest and most deserving — even with the numbers, even with the traction — are being shut out. So I don’t know the answer to that until the larger investors really take this seriously and put money behind it.

 

How can the industry get more funding to female founders & more women partners in VC firms?

 

Over the next 18 months, there will be two or three major exits that are just too hard to ignore that will come from women or come from people of color. They will be profound exits that shock the system. Once that happens, a lot of investors will take note, and I believe that will happen by the middle of 2019. I also think that there needs to be a group of LPs who demand that their fund managers are looking at diversity and are actively looking at leveling the playing field.

 

What are some interesting industry trends in tech right now you think Term Sheet readers should be paying attention to?

 

I actually don’t pay much attention to industry trends in tech, to be quite honest. I just spend a lot of time hyperfocused on what we’re doing. I will say that the more I learn about blockchain, the more excited I get about it. It could potentially level the playing field.

 

Do you think cryptocurrency and the blockchain has the power to disrupt venture capital as it stands today?

 

Yes — it has the power to turn it upside down. The people who aren’t figuring out that Silicon Valley doesn’t represent the United States are the same people who laugh and scoff at cryptocurrency. You may laugh at the silliness of the scams but the root of what’s happening is that the world has figured out a different way to communicate and trade with each other. It’s like a new language, and if you aren’t able to read and write in that language over the next couple of years, you’ll be left in the dust.

 

What’s the best business advice you’ve ever received?

 

Go home. Take the day off. Stop working. I’m a big proponent of self-care, and I’ll never stop talking about it. If self-care isn’t part of your daily and business routine, you’re doing it wrong. It’s about recognizing how valuable you are, and you can’t run a company if you’re not able to take care of yourself first.

WHY THE (ENTREPRENEURIAL) FUTURE IS FEMALE

WHY THE (ENTREPRENEURIAL) FUTURE IS FEMALE

Women own only 5 percent of startups. So, when we talk about inequality, how about talking about women entrepreneurs?

 

By: Jeffrey Hayzlett

 

This time of year is normally filled with stories about holiday cheer and yuletide goodwill to all. 'Tis the season after all. No wonder that in years past, I've typically written about Christmas movies, business or some other jolly topic.

 

Related: The Best Places for Women to Work in 2017

 

This year, however,it would an oversight to address the holidays without addressing what's dominated the pre-holiday news cycle: gender inequality and sexual harassment. Everyone is talking about these things, and not just media personalities, Hollywood celebs and other high-profile individuals. (Those are the ones making the headlines!)

 

One reason why so many are talking? While public figures, in a public setting, are the ones we're hearing about most, the reality is that sexual harassment and discrimination occur on a regular basis, even in fields like ours.

 

We can’t eradicate the underlying inequality from every industry by snapping our fingers, but we can do something to combat it in our own industry. Entrepreneurship, after all, is contagious. It’s a state of mind, a way of life: A good idea deserves to be launched, regardless of who is launching it. Yet the reality is so often about who gets that opportunity, and when.

 

Let me show you some numbers:

  • Women own only 5 percent of startups.
  • Only 7 percent of partners at top 100 venture capital firms are women.
  • Women hold only 11 percent of the executive positions in Silicon Valley.
  • Last year, venture capitalists invested just $1.46 billion in women-led companies, while male-led companies earned $58.2 billion in investments, according to M&A and venture capital database Pitchbook.

 

How do we, as entrepreneurs and business owners, help address this national issue? How do we address the gender gap in our own midst, in entrepreneurship? And what does a middle-aged, white man know about this gap to begin with?

 

I’ll start by admitting that I’m not an expert in the topic, but as a student of human nature, I see that the tools to combat this are right in front of us -- if we know where to look. Here are some steps we can take.

 

Set goals.

 

Rome wasn’t built in a day and the issue of gender parity won’t go away in a week, a month or even a year. Set a goal. For example, Oath CEO Tim Armstrong said during a cable TV news interview that his mission was to fill at least half of his company’s leadership positions by 2020 with women.

 

He also said that Oath (a company that was born from the merger between AOL and Yahoo!) is “roughly [at] the 30 percent [level] right now.” He said he wanted to achieve his goal of 50 percent female leadership by promoting from within and creating new positions in areas where women can lead.

 

He said that his initial plan was to launch a new company within the Oath umbrella, where all leadership positions would be filled by women. In fact, the entire company would employ women.

 

His plan seemed flawless until he had a conversation with none other than feminist icon Gloria Steinem.

 

She reminded him that women don’t need a separate workspace -- quite the opposite, actually. She pointed out to Armstrong that business owners at all levels need to take more risks within their own ecosystems, as companies perform better where men and women can work side by side.

 

According to a McKinsey report, companies in the top quartile for gender diversity are 15 percent more likely to outperform above average, financially, within their industry.

 

At my own company, I’ve hired more women than men. I know what they’re capable of and I’ve taken steps to empower them to make decisions. One of those steps involves my response when someone asks me a question.

 

“I will not do the work of my very talented team,” I sometimes reply. That means that I want those team members to make the decision. If their decision ends up being wrong, it’s a learning experience. (More often than not, my team makes the right decision.)

 

Ensure equal access to capital.

 

Despite many advances in gender equality, it’s still an old boys network in terms of financing and investing in startups. A study by Harvard Business School found that investors prefer entrepreneurial ventures pitched by men. The study also took a look at video pitches and found they were twice as likely to get funded when they were narrated by men.

 

This doesn’t even make sense to me. If it’s a good idea, with a good business plan -- fund it!

 

A quarterly report by Fundera found that female entrepreneurs on average ask for roughly $35,000 less in financing their small businesses than men. The report also found that across the board, women entrepreneurs get offered smaller loans (2.5 times less money), than men do.

 

Because it’s so hard to get funding from VCs or angel investors, especially female-led startups, many organizations have taken steps to address these challenges. Companies like Watermark, SheWorx, Merge Lanes and BBG Ventures, to name a few, are making it easier not just to acquire capital, but to access it as well.

 

Despite women-led businesses being the fastest growing segment of entrepreneurship, they still comprise a small percentage of companies funded by VCs. Some blame this on under-representation of women’s businesses, but I think that statement is a cop-out. As I’ve said before, good ideas aren’t a monopoly for one segment of the population to own.

 

In my own company, I encourage anyone with an idea to step forward -- whether it’s the president of the company or the intern. A good idea from a female entrepreneur deserves the same shot at funding as any other good idea from a male colleague.

 

Share the spotlight.

 

Earlier this year, I attended a conference in New York City. Throughout the conference, I noticed that the majority of the panels were all-male, and I thought to myself, “Why isn’t there a woman on that panel?” Our company does a lot of events throughout the year, so I made a mental note to tell my C-suite network team to make sure we have a diverse list of speakers and panelists at every conference and summit we do.

 

In fact, this problem is a prevalent one. The upcoming Consumer Electronics Show (CES), was recently called out by female tech executives for its lack of inclusion and diversity. It might be one of the largest tech events, but its keynote-speaker lineup lacked any women.

 

Twitter CMO Leslie Berland, in particular, took to social media on Dec. 3 to make her feelings known, tweeting, “I’ve got a long list of amazing women to hit your stage. Let’s talk. #changetheratio.” And JP Morgan Chase’s CMO, Kristen Lemkau,  chimed in, naming a long list of women innovators in “less time than it took to drink coffee.”

 

As a result of this backlash, the show organizers made changes to the program. And that was the right thing to do: Giving women exposure as part of a panel, as a keynote speaker or in some other visible role, helps narrow the gender gap -- if only in a small way.

 

Make no mistake about it: The problem we face is a big one. It's a systemic problem that none of us can change alone, but when we all work toward multiple solutions, progress happens.

 

As business owners and entrepreneurs, we need to take a good, hard look at ourselves and tackle this issue head on. We must ask ourselves, "Are we part of the problem?" And, if so, we have to fix it!

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THE BEAUTY OF CULTURAL DIVERSITY

The Importance of Cultural Diversity

By: Kwame Molden

 

Human beings are extremely diverse in very many ways.

 

People differ in opinions, race, nationality, gender, age, sexuality, ethnicity, class, religion, lifestyle and so much more, yet at the very basic we are all human species. Ideally, all people feel pain and joy despite the differences. Today, the changes in time and technology have made it extremely impossible for any group of people to live without interacting with others outside their group. Often people of different cultural and geographical backgrounds meet in international conferences, education exchange programs, sports, etc.

 

Sadly, the history of mankind discriminating against each other based on cultural differences has been with us for ages. So many people have died or have been denied their rights because of individual greed. Properties and economies have also been destroyed due to lack of understanding. Unfortunately, some of these occurrences are visible even today, perpetuated by people who little understand the importance of the uniqueness of our diversity. Little do they know that:

 

1. Diversity creates richness in opinion.

 

Some problems cannot be solved by a homogenous group of people. The complexity of challenges facing the world today requires the input people from different cultural backgrounds if we are to succeed. A diverse group will offer fresh ideas to solve problems. Diverse groups have often been found to be creative and thus producing better solutions to problems.

 

Cultural Diversity: The Sum of Our Parts

 

2. Diversity makes us compassionate about others

 

When we interact and try to understand others, we will not judge them. This instead makes us compassionate about others. We are then able to love and help one another. Compassion allows us to empathize with others and realize that all human beings are the same. Hatred amongst people of cultural differences only makes us resentful and full of hunger, and often denying us the opportunity to live life to the fullest.

 

3. Diversity is a growing trend

 

Today there is no country in the world that has only natives living there. Each and every day, millions of people are moving from a part of the world to another. Most people are in such of better opportunities, education and lifestyle. In the process people of different cultural backgrounds often find themselves going to the same schools, working in the same office and so much more. As citizens of this world, we are therefore left with no choice other than to embrace our diversity. Children have to be taught to live and respect people who are different from them in some way so that the world would be a peaceful place to live.

 

4. Diversity opens up new market opportunities

 

Through diversity, entrepreneurs have been able to reach new markets. Today we have multinationals setting up offices in different parts of the world of which it would not be possible without embracing diversity. This further creates employment opportunities for people in those parts of the world. 

 

Moral of the Story: Embrace cultural diversity. It's important for a sustainable and healthy lifestyle across the board.

 

 

 

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CORPORATE DIVERSITY: LOOKING AHEAD

CORPORATE DIVERSITY: WHY IT MATTERS

BY: ELLEN MCGIRT

 

According to new data from Glassdoor, diversity and inclusion remains very much top of mind as companies plan their talent strategies for next year. The business case the data show is an interesting one: Qualified candidates are increasingly asking that companies show their inclusion receipts before they agree to be hired on.

 

“Job seekers want insights into what businesses are doing to build a workforce that is diverse in all aspects of the word be it age, gender, ethnicity or thought,” said Carmel Galvin, chief human resources officer of Glassdoor.

 

The report, which surveyed 750 talent managers in the U.S. and U.K., finds that 59% of hiring leaders say their current diversity shortcomings present a “significant” challenge to their recruiting efforts. As a result, 35% of hiring managers are planning to increase their investment in their diversity and inclusion efforts, with only 3% expecting to invest less.

 

Criticism about a lack of diversity in the workplace, particularly in tech, continues to be a motivating element, but getting quality candidates in the door takes a very specific form of work. (Here’s a great checklist from HR Dive for hiring managers to think about as they stare blankly at their goals for 2018.)

 

One area that’s ripe for improvement (and that’s easily overlooked) is finding out how promising candidates get lost before they even get a chance to sit for an interview or test.

 

Sometimes a simple intervention is all it takes. One mid-level executive at a Fortune 100 financial firm got sick of getting called out for a lack of diversity on her team. “I did what I never do,” she told raceAhead on background. “I called our recruiters and asked them to show me everyone who applied. Every name.” She retrieved some 20% of the screened-out candidates for interviews, some of whom had blue-chip achievements on their resumes, some of whom were intriguing for other reasons. “We’ve got to get better about letting people in the door who don’t always present like a “typical” rock-star candidate,” she said.

 

And at some point, every person who encounters a potential candidate needs to be encouraged and prepared to answer any questions about diversity and inclusion — specific programs, numbers, or simply demonstrate their company’s authentic commitment to the issue. “I learned something from every one of those interviews,” said the newly woke mid-level executive. “For one, I learned that the pipeline problem was mostly us, not them,” she said. But most of all, “I learned how to better talk about what we believed about diversity. Because we really do believe in it.”