What is Diversity Hiring?

Diversity hiring is the practice of hiring candidates from a variety of backgrounds and experiences, regardless of their race, gender, sexual orientation, religion, or other personal characteristics. The goal of diversity hiring is to create a more inclusive workplace where people from all walks of life feel welcome and valued.

There are a number of benefits to diversity hiring. For one, it can help companies to attract and retain top talent. When companies have a diverse workforce, they are able to tap into a wider pool of talent and find the best possible candidates for their open positions.

Finally, diversity hiring can help to create a more equitable workplace. When women are represented in the workplace, they are more likely to be promoted and given opportunities for advancement. This can help to close the gender pay gap and create a more level playing field for women in the workplace.

 

What is the ratio of Male to Female Employees in Corporate Sector?

 

The ratio of male to female employees in the corporate sector varies by industry, country, and company size. However, in general, the male to female ratio in the corporate sector is around 2:1. This means that for every two men employed in the corporate sector, there is one woman employed.

For example, in the United States, the male to female ratio in the corporate sector is 1.6:1. This means that for every 1.6 men employed in the corporate sector, there is one woman employed.

The gender imbalance in the corporate sector is due to several factors, including:

 

1. Gender stereotypes: Gender stereotypes about women’s abilities and interests can discourage women from pursuing careers in certain industries or roles.
2. 2. Lack of female role models: Women are underrepresented in leadership positions in the corporate sector, which can make it difficult for other women to see themselves in these roles.
3. Work-life balance: Women are often responsible for most of the unpaid caregiving work, which can make it difficult for them to balance their work and personal lives.

 

Here are some specific examples of the male to female ratio in the corporate sector in different countries:

 

• United States: 1.6:1
• United Kingdom: 1.7:1
• India: 10:1
• China: 4:1
• Japan: 3:1

 

As you can see, the gender imbalance in the corporate sector is particularly pronounced in some countries, such as India and China. This is due to a number of factors, including cultural norms and traditional gender roles. According to a study by Corporate Responsibility Watch (CRW), a think-tank consisting of 14 civil society organizations, the male to female employee ratio in the corporate sector in India is 10:1 or worse.

The study analyzed data of 300 out of the top 500 BSE-listed companies in India. It found that 53% of these companies had a male to female employee ratio of 10:1 or worse.

However, there is a growing movement to address the gender imbalance in the corporate sector. More and more companies are taking steps to challenge gender stereotypes, provide female role models, and support work-life balance. As a result, we can expect to see the gender imbalance in the corporate sector slowly but surely start to shrink.

 

How helpful is Diversity Hiring for Corporate Sector?

There are many ways in which diversity hiring can benefit corporate sectors. Here are a few examples:

1. Better decision-making: A diverse workforce can bring a wider range of perspectives to the table, which can lead to better decision-making. For example, a study by McKinsey found that companies in the top quartile for gender diversity on their executive teams were 21% more likely to have an above-average profitability than those in the fourth quartile.
2. Increased innovation: A diverse workforce can bring new ideas and perspectives to the table, which can lead to increased innovation. For example, a study by the Boston Consulting Group found that companies with more diverse management teams were more likely to introduce new products and services.

Improved customer satisfaction: A diverse workforce can help companies to better understand and serve their customers. For example, a study by the Harvard Business Review found that companies with more diverse workforces were more likely to have satisfied customers.

3. Reduced turnover: A diverse workforce can help to reduce employee turnover. For example, a study by the Society for Human Resource Management found that companies with more diverse workforces had lower turnover rates.

 

 

How Insight International UK LTD Can Help?

 

In the pursuit of bringing diversity to the organizations, Insight International UK Ltd will help to hire and refer Female Candidates who wants to come back to job after Maternity leave or a long break to reputed IT/Non-IT companies.

Insight International UK Ltd. will ensure that females who have taken a long break from their careers to fulfill their personal commitments will get back into the mainstream. It will provide them with access to resources that will support their holistic development. The blend of exclusively curated training, experiential learning boards and world-class online resources with skill-based mentorship are designed for rebooters to ace their tracks.

Insight International UK Ltd. will help these women with career gaps in getting their dream jobs and thus making the organizations that recruit them more inclusive. It is certainly a win win situation for both the employer and the employee because including women with career gaps is a great way to increase the diversity of your workforce and to reap the benefits of a more inclusive workplace. Women with career gaps often bring a wealth of experience and perspective to the table, and they can be highly motivated and committed employees.

 

In addition to adding more women to the workforce in Corporate Sector, Insight International UK Ltd. will also help differently abled individuals in getting their dream job. Various Conglomerates such as Accenture, Microsoft, SAP to name a few have a long history of hiring people with disabilities, and these companies have dedicated teams that work to recruit and retain these employees. Targeted sourcing of qualified candidates with disabilities can be done through partnerships with organizations that serve this population such as disability employment agencies or non-profit. By accommodating to needs of a differently abled employee such as wheelchair-accessible workspace, assistive technology, or flexible work arrangements, a workspace can become truly inclusive.

Diversity hiring is an important part of creating a more inclusive and equitable workplace. By hiring people from a variety of backgrounds and experiences, organizations can create a workforce that is more innovative, productive, and successful.

Contact Us:

Website: www.insightinc.co.uk

Email:

info@insightinc.co.uk 

contact@insightinc.co.uk

Contact: 

+44(0)-7415115604 (Ravish Ranjan, Director (Client Relationship)- United Kingdom

+91 78937 03617 (Shaktika P, (Talent Acquistion Head)- India

+44(0)-7887344602 (Kavita Sharma, (Strategic Advisor/ Client Relations)-United Kingdom