7 practical ways to turn diversity into a major asset for your company
TRANSCRIPT
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Daniel DeanProduct Marketing Manager
BambooHR
Sonnet LauberthCompensation Professional
PayScale
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Functional Fixedness
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A New Perspective
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Mitigating Risk
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Diversified Investment
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Diversified Investment
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Defining the Issues
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Why Are We Talking about Diversity?
Who needs to hear about diversity in 2016?
Haven’t we “been there/done that” already?
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Defining the Issues
Diversity presents challenges.
Bias is human.
Bias can be FOR or AGAINST.
Diversity should be handled with intention.
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What Do We Mean By “Diversity”?It’s a wide range of differences.
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The Workforce Is Becoming Larger and More Diverse
Source: http://www.amren.com/news/2015/03/official-census-bureau-projection-for-2060/
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… our customers certainly are.
But even if the workforce isn’t becoming more diverse
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Bias and Workplace “Currency”
Types of workplace currency• Cash• Work assignments• Development opportunities• Promotions• Perks (e.g., working from home)• Favor
Currency greases all the workplace wheels
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Diversity & Experience
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Diversity of Experience
TIME
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Diversity of Experience
TIME TENURE
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Diversity of Experience
TIME INDUSTRYTENURE
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Diversity and Compensation
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Ensuring Fair Pay
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Develop Your Plan➤ Philosophy
➤ Strategy
➤ Structure
➤ Guidelines/Policies
➤ Processes
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Identifying and Resolving Inequities
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Equity Pay Self Audits –
Pros and Cons
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Manager Favoritism
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A Note on NegotiationStudies show a difference in negotiating skills by gender.
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Diversity & Opinion
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Empathy
CommunicationSensitivity
CourageDiplomacy
EmpathyDiscussion
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Decision Paralysis
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Diversity Beyond Compensation
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Diversity vs. Inclusion
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Employee RelationsDevelop clear antidiscrimination policies to mitigate
employee relations issues before they arise.
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Training and Developmentof employers plan to use L&D programs to retain and recruit their employees.58%
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Immediate Actions Examine your workforce – who works at your
organization? What types of diversity do you already celebrate? Where is there room for improvement?
Assess your managers’ skillsets – do they have the capacity to effectively create an inclusive environment?
Review your comp plan – is it set up in a way to minimize or eliminate discrimination concerns?
Explore the forms of workplace “currency” in place at your organization – are they set up for success?
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Diversity & Skill
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Hard SkillsSkills that are learned to perform a specific job function and are more easily identifiable and quantifiable.
Mostly about “what you know”
VS
Soft SkillsSkills that are less tangible, and more associated with one’s traits or personality, that determine how we interact.
Mostly about “how you act”.
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18th Century 19th Century 20th Century 21st Century
Agricultural Age(farmers)
Industrial Age(factory workers)
Information Age(knowledge workers)
Conceptual Age(creators and empathizers)
AffluenceTechnology
Globalization
High
Low
AbundanceAutomationAsia
Dan PinkA Whole New Mind
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Soft Skills
Hard Skills
Soft Skills
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Soft Skills
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