Why It’s Crucial to Diversify Your Team, and 8 Ways to Do It

July 28th, 2022

Diversity matters. It has a greater impact on business than many realize. Our executive search team in Toronto talks about why it’s important to have diversity and ways you can diversify your team:

Executive Search firm explains how to diversify your team

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Why Is It Important To Have A Diverse Team?

Having a diverse team, regardless of your industry or function within the organization can bring about many key business advantages. Here are some of the reasons to have a more diverse team:

  • Creativity: Different people come up with different ideas. Collaboration allows you to combine ideas to create more creative outcomes.
  • Innovation: You can leverage the skills, experience, and knowledge of your team to create unique solutions.
  • Different perspectives: Individuals from different cultures and backgrounds approach doing things from a different perspective. The more perspectives you consider, the better the quality of decisions you make.
  • Attracting new employees: Diversity is a selling point when recruiting new talent. You can create a larger and more inclusive talent pool.
  • Better business decision-making: A diverse team is more well-rounded. This enables leaders to take in more information and make better quality decisions and better results

How To Diversify Your Team?

We know diversity is important and it can have a significant impact on business results. The question is, how do we diversify our team? When do we do it and how can we do it in a way to make our organization better?

You can think of diversity from multiple perspectives: culture, gender, experience, industry, skills, and age. But what you really need to do first is take a step back and look at your team as it currently exists.

  • How diverse is your team?
  • What diversity gaps exist?
  • What skills and experience could you benefit from adding to your team?
  • Where are your shortcomings?

Understanding your team as it currently exists is a starting point. Then you can start to make your team more diverse based on the areas you have identified need to be improved. Here are some things you can do:

  • Identify bias in your hiring and recruiting process
  • Work with an executive recruiter to refine your hiring process
  • Look for talent in different areas – use different platforms
  • Look for diverse talent – change your qualification and skill requirements
  • Build diversity into your core messaging
  • Make diversity part of your company identity
  • Offer greater flexibility and a work environment that is welcoming for all people
  • Always look for ways to be more inclusive

No company is perfectly diverse. But when you prioritize it, your company can evolve into a more diverse and inclusive organization.

Learn More About How To Diversify From Executive Search Team

4 Ways To Increase Diversity Through Improved Recruitment

3 Companies That Are Getting Diversity Right

The Importance of Diversity in the Workplace

 

IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. Click here to view current job openings and to register with us.

Bruce Powell Executive Search

Bruce Powell

Bruce co-founded IQ PARTNERS in 2001 and currently operates as Managing Partner. His personal background includes hands-on management experience in sales, marketing and marketing services. He has built management teams for a wide variety of marketing, communications, media and technology companies. He has also participated in several M&A transactions for service-based companies and is frequently called upon as a resource in the planning and negotiation of such deals.

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