What if you could double your relevant candidate application volumes? Win almost three times as many new business proposals? And enhance your employee satisfaction? It’s time to invest in DE&I and reap the rewards.
Access Recruitment’s landmark new global report, produced in partnership with Staffing Industry Analysts who conducted research with 300 recruitment agency leaders, shows that getting DE&I right can significantly increase your bottom-line results – without increasing your costs.
Gain a new source of business growth in 2024
With spring in the air and growth on the agenda, we’re excited to share the findings that make the argument for a fresh approach to DE&I an open and shut case. Revealing the hard numbers behind the feel-good factor of diversity, it explains why it’s worth the effort to overcome the implementation barriers that hold many recruiters back.
Breaking down DE&I adoption barriers
To date, finding effective and practical solutions to address the complexities of DE&I has been tricky. Here’s some of the key common objections that recruiters often raise around getting started:
“We aren’t doing anything now, why should we start?” Because ‘first movers’ – the agencies using DE&I right now to gain a competitive edge – are already proven to be reaping the benefits. They’re increasing the diversity of their pipelines by up to 70% and doubling the relevance of the candidates they’re delivering for clients.
“Diversity is not a business priority.” The findings reveal that this is a missed revenue opportunity. With 30% of RFPs now asking for diversity data, pitches are being lost if agencies can’t evidence their DE&I approaches. In addition, successful adopters of diversity best practice more than double the likelihood of experiencing high fill rates.
“Isn’t this going to complicate our processes, and cost time and money to execute?” The research underlines the fact that new digital tools actually make things simpler for you by automating diversity data capture leading to a 28% increase in conversions.
“What about data and privacy, isn’t that challenging to do compliantly?” Keeping on top of compliance seems to be one of the biggest blockers with resistance to ask applicants for their DE&I data. With Access Volcanic it’s now possible to track data across eight diversity elements, ensuring compliance and accurate reporting regardless of your geographic location.
The race to harness DE&I has already begun
Discover key insights from 300+ recruitment peers and discover how to overcome key obstacles and embrace DE&I for tangible business outcomes: download the report now.
The post Why Missing Out on Diverse Applicants is Hurting Your Bottom Line appeared first on UK Recruiter.
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