“A diverse mix of voices leads to better discussions, decisions, and outcomes for everyone.”
Sundar Pichai, CEO at Alphabet & Google
We recently collaborated with our partners LMRE to host an exclusive event that focused on ‘How we can ensure DEI is at the forefront of the hiring process’. The event aimed to address; current hiring practices, the importance of DEI in the workplace, explore challenges and barriers, and gain input on how we can attract and retain diverse talent. The event provided the UKPA team with valuable insights and knowledge that we were able to gain from our attendees which we’ve compiled in the following article.
Diversity, equity, and inclusion are three closely linked values held by many organisations that are working to be supportive of different groups of individuals, including people of different races, ethnicities, religions, abilities, genders, and sexual orientations (Mckinsey & Co, 2022). Our attendees also shared their perspectives on DEI, with many highlighting that it encompasses a multitude of aspects, not just limited to gender and ethnicity. For them, DEI signifies diverse thinking, backgrounds, and inclusivity. It’s about embracing differences, fostering acceptance, and promoting language that is inclusive. This extends to providing opportunities to individuals from various backgrounds, educational levels, and addressing and acknowledging neurodivergence.
Why is DEI important in the workplace?
DEI at a workplace is key to creating an environment that is comfortable and engaging for all employees and to make sure they can thrive both personally and professionally. In today’s world, embracing diversity, equity, and inclusion (DEI) shouldn’t merely be a checklist but instead a rounded and thought about process. Attendees agreed the Property industry is starting from a difficult position with many businesses being family run businesses , which tend to attract individuals from similar backgrounds. The implementation of the right DEI practices in these organisations can not only accelerate the industry’s progress but also positively impact the successful adoption of technology.
An organisation with successful DEI practices will often see a wide range of benefits. These include fostering innovation through a diverse workforce, attracting a broader talent pool while increasing employee retention, gaining a competitive edge by understanding diverse customer perspectives, and improving overall employee well-being through an inclusive and equal workplace that reduces stress and promotes productivity.
Workplace and Workforce DEI programs
Each organisation is unique, with distinct objectives, existing workforce, and customer base, all of which are crucial factors in developing and shaping appropriate practices. It is essential for organisations to align their practices with their core values and mission, focusing on their genuine purpose and impact.
Our attendees exchanged insights and practices they hope to integrate or have already adopted within their respective organisations.
Shifting the Hiring Process: Rather than focusing on cultural fit, emphasis should be placed on aligning with organisational values to avoid unconscious bias. Creating job descriptions that prioritise skills over experience and education, recognising that some individuals may not have had equal opportunities due to perpetuating biases.
Value-Based Bonuses: Introducing bonuses tied to the company’s values to ensure they are upheld.
Mentorship Programs: Having mentorship programs in place can help individuals learn and develop their skills and fill experience gaps that may have occurred due to circumstances outside of one’s control. It can also help individuals connect with different people within the organisation and gain exposure to different backgrounds.
Open Dialogue:This also allows for individuals to learn/understand these differences and accept them.
Wider Implementation: Cross industry change can only be seen and achieved if the same approach is applied to clients and stakeholders. The willingness to work only with companies that share similar values can help drive change throughout the industry.
In conclusion, over the years industries particularly the real estate sector has slowly started to recognise the significance of diversity, equity, and inclusion but like many others this comes with various challenges and a need for further understanding. By implementing better practices, the industry will be on a path to a more diverse and inclusive future ultimately creating an environment for individuals to thrive while embracing their differences. Below are our top tips to attract diverse talent;
5 top tips for attracting Diverse talent:
- Start with Clear values and Commitment
- Inclusive Hiring Practices
- Employee Resource Group
- Continuous Education and Training
- Accountability and Metrics
If you would like to delve further into the tips, try out a DEI health checker and learn through a few DEI case studies from our partners LMRE; take a look at our booklet below:
In our latest Spotlight Interview, we spoke to Shareq Husain, CEO at Residently. Shareq talks about the key contributors to their success, how AI will ...
By Aneysha Minocha, CEO & Founder at Quantenergy and Quantaco Simplifying the route to Net Zero Decarbonisation of the built environment is key ...
“A diverse mix of voices leads to better discussions, decisions, and outcomes for everyone.” Sundar Pichai, CEO at Alphabet & Google We recently collaborated ...