We work and live in a fast-paced environment, especially in the Tech industry. We are constantly evolving to stay ahead of the curve to achieve business results and win in a competitive industry. For many companies, diversity and inclusion has become a key focus; it is the “right thing to do.” It is good for employees and good for business.
A 2015 McKinsey report found that companies in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean.
Simply put – diversity drives better performance and if we don’t embrace a diverse and inclusive mindset, we risk falling behind.
Research to prove this fact has often been based on characteristics that you can visibly see, but diversity goes beyond these factors.
Diversity and inclusion is not limited to what we look like. It’s about fostering an environment where people with different backgrounds and opinions can work together and challenge one another to elevate the collective thinking, creativity and actions of the group. Different perspective provides us the opportunity to challenge our assumptions and adjust our biases.
Every organization has a different strategy; at CA Technologies, our position is to focus on inclusivity and take a multifaceted approach to making progress holistically. Our goal is to remove bias by embedding a diverse mindset in everything we do. Our actions speak volumes to demonstrate our focus and commitment on building a more diverse and inclusive workforce.
We pride ourselves in taking risks and experimenting with different approaches to see what will move the needle. Over the last few years, CA Technologies has implemented several innovative strategies focused on eliminating bias, breaking down barriers and increasing the diversity of our workforce.
Pay Equity: As of January 1, 2017, CA Technologies became the first company to no longer request applicants’ previous salary history during the interview process for both external and internal candidates. Offering compensation packages that are competitive and based on knowledge, skills and abilities helps to eliminate any previous existing pay parity issues that may have been rooted in bias. The intent is to create a more level playing field and ensure that everyone has the opportunity to earn fair compensation for comparable work and advances an inclusive environment where our people can thrive. CA made this important shift not because of future legislation, but because it is the right thing to do.
Diverse Candidate Slates: Until recently, during the interviewing process, we required that at least one, and ideally more than one, candidate in every pool of candidates presented to a hiring manager qualified as diverse (defined as a woman, a person of color, a veteran, or an individual with disabilities).
In FY18, we raised the bar even further to require at least two women on each candidate slate for at least 75% of our filled requisitions. According to a 2016 study by HBR.org, their research demonstrates that having more than one woman or minority in the finalist pool of candidates would significantly increase the likelihood of hiring a woman or minority. When there is only one woman, she does not stand a chance of being hired, but that changes dramatically when there is more than one.
Diverse interview panels: Our benchmark aims to have a diverse panel on 100% of our requisitions to ensure that we have diverse representation to allow for a variety of perspectives in the interview process. Having a diverse panel not only helps manage unconscious bias, it also provides candidates the opportunity to meet and experience the diverse set of people who make up CA Technologies.
Unconscious bias training: “If you have a brain, you have bias.” Scary thought? Indeed. We all bring our own biases to work each day, therefore we implemented Unconscious Bias training throughout the organization to help employees understand, recognize and mitigate bias.
Casting a wide net as we source for our open positions: We pursue and engage with a wide range of job candidates through partnerships with diversity organizations, diversity focused career fairs and job boards, recruitment at universities whose populations include a higher percentage of women and minority groups as well as targeted social media and networking channels.
Job Descriptions: Often job descriptions are plagued with bias, which is why we’ve improved our ability to connect with and attract diverse top talent by looking closely at our job descriptions and job postings to ensure the language we use is inclusive and not biased.
Diversity is not just about hiring and fair pay, it is a team sport. It is about inclusion in every aspect of our work culture.
This blog has been written by Carolyn Rooney - Director, Talent Development at CA Technologies
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