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Career and Interview Tips

Diversity In The Workplace Benefits: 5 Studies To Take To Your Boss

Recently, a recruiting manager at one of the world's largest companies told my team he was struggling to build a case for investing in more diversity-focused initiatives. His employees were questioning why their company would be spending money on diversity recruiting campaigns, including events, where women and people of color could hear why the company should be considered an inclusive place to work.

I was shocked. It's 2018. Homogeneous teams are not only bad for business and the economy as a whole, but diverse teams literally strengthen profits and innovation within workplaces.

Study after study has proven this.

Then it dawned on me that so many people are ill-equipped to make a case for the benefits of diversity in the workplace.

Don't worry. What follows is a quick guide for how to make the case. It includes research from Harvard, McKinsey, Gallup, and peer reviewed studies for you to lay out how your business could be reaching new levels of productivity, profitability, and long-term enhanced recruiting outcomes if diversity were to become a priority. Take this to your boss, skeptical colleagues, and even your uncle who argues that his male-dominated workplace doesn't need to change.


1. Diverse Teams Produce Financial Returns 33% Higher Than The Industry Mean  

A 2017 McKinsey Study used a data set of 1,000 companies to determine that profitability and long-term valuation increased dramatically when teams were diverse.

Say this to your boss and team members:

  • This McKinsey study proves that returns rise when you have people working at your company who represent the vast array of customers you're trying to reach.

2. Gender Diversity Could Grow The US Economy By 5%. 

Source: Building Inclusive Economies

The IMF showed that closing the gender gap in labor force participation in the United States could boost GDP by an estimated 5 percent.

Say this to your boss or team members:

  • When women have higher paying jobs, they create multiplier effects for their communities because they reinvest more than men do (look at the studies) into the health, nutrition, and education of their children.
  • It's called "womenomics" and instituting it literally saved Japan from a recession when its workforce was aging out.

3. Harvard: When There Are More Women On A Team, Collective Intelligence Rises 

Giphy

This Harvard Business Review study says it all:

"There's little correlation between a group's collective intelligence and the IQs of its individual members. But if a group includes more women, its collective intelligence rises."

Say this to your boss or team members:

  • Many studies show women score higher on social sensitivity tests. That means they share feedback and learn from customer cues, creating stronger products and financial returns.

4. Gender Diverse Teams Are Radically More Innovative Over A Two-Year Period  

Giphy

"In a study published in Innovation: Management, Policy & Practice, the authors analyzed levels of gender diversity in research and development teams from 4,277 companies in Spain. Using statistical models, they found that companies with more women were more likely to introduce radical new innovations into the market over a two-year period."

Say this to your boss or team members:

  • There's a reason why women, immigrants and people of color have propelled American innovation and started our most successful companies. They see windows of opportunity and products to modify that traditionally white all-male groups don't see.

5. Diverse Team Members Bring In More Diverse Team Members 

Giphy

Stacy Brown-Philpot, the CEO of TaskRabbit, spoke about the problem of not recruiting early for diversity at Google. When she joined Google they had about 1,000 employees. "It took me two and a half years to look around and realize there weren't a lot of people like me. So [my colleague] David Drummond and I…put together a group. It was really late. I think that's part of the challenge [at Google]." Brown-Philpot's story is backed up by a study that shows the cumulative effects of having the same people interact with each other over time.

Say this to your boss or team members:

  • Investing in diversity recruiting now will pay dividends. Diverse team members will help draw in more candidates from personal networks and we can speak truthfully that we cared about diversity - and all of its benefits - from day one.

How To Actually Diversify Your Workplace 

As made clear by the Google example, if you've waited years to make diversity in your workplace a priority, then you have a challenge ahead of you. It gets harder to diversify teams if you wait too long. But don't fret, you can still turn it around.

Here are a few quick tips:

  • Ensure you have an environment diverse candidates want to join. Survey your workplace anonymously to ask what needs to be done to make it more inclusive. As Vernā Myers, VP of Inclusion Strategy at Netflix says, "Diversity is being invited to the party. Inclusion is being asked to dance."
  • Throw an event, and partner with a diversity-focused organization like PowerToFly to run the invite list, programming, and follow-up so people feel engaged and heard.
  • Set goals that are realistic and look at how you're getting there. Often the simple things matter most: are you responding to diversity candidates and are you making sure they are interviewed by panels that aren't all white and male?


For more tips, check out this piece I wrote for The New York Times that highlights simple ways to ultimately employ more women and diverse candidates

Deloitte

Deloitte + PowerToFly: An Exclusive Evening With Women Finance Leaders

Join Deloitte M&A and PowerToFly (a women-run organization that introduces select women to executives at major corporations) for an invite-only event on February 28th. The evening will kick off with a panel discussion featuring Deloitte's women financial leaders, and will conclude with an opportunity to network with your peers and the Deloitte team over food and drinks.

The event will be held on Thursday, February 28th from 6:00pm to 8:00pm at 30 Rockefeller Center, 32nd Floor, New York, NY.

Agenda (Subject to Change):

  • 6:00pm - Check-In & Networking over cocktails and light food
  • 6:20pm - Kick-Off from PowerToFly
  • 6:25pm - Welcome & Introduction from Susan Dettmar, M&A Consultative Services Practice Leader at Deloitte
  • 6:35pm - A Behind the Scenes Look at Deloitte with Nadia Orawski, Principal, Deloitte Consulting
  • 6:45pm - Panel Discussion featuring Deloitte's Women Leaders in Finance
  • 7:00pm - Audience Q&A
  • 7:20pm - Networking continues over beverages and light food

Deloitte is hiring, however, you don't need to be looking for new opportunities to attend.

About our Events: All RSVP'd attendees are welcome, regardless of race, color, religion, national origin, gender identity, pregnancy, physical or mental disability, or age. If you require accommodation to fully participate in this event, please email hi@powertofly.com, and we will contact you to discuss your specific needs.

Unfortunately, PowerToFly and Deloitte cannot admit outside recruiters to this particular event. Please email hi@powertofly.com if you have any questions about this policy.

About Deloitte: Deloitte is committed to recruiting, developing, and promoting a diverse workforce while providing unique opportunities across our businesses. Deloitte has been recognized by Working Mothers as one of the 100 best companies for multicultural women. Their benefits include up to 16 weeks of Paid Family Leave, pension plans, and gym & health subsidies.

Event Audience: This event is a great fit for a number of roles including Finance Managers, Integration and Execution Managers, and M&A Strategists.

Better Companies

Audible, Microsoft & HomeAway Leaders On Building Diverse Talent Pipelines

Presented by PowerToFly and Glassdoor

Register today to join this FREE webinar we are co-hosting with Glassdoor!

PowerToFly and Glassdoor have partnered to present a webinar on February 6th, where top talent leaders will share how they're building diverse talent pipelines.

Join leaders from Audible, HomeAway and Microsoft, who will discuss their current D&I strategies and share advice on how you can build your own diverse pipelines.

Moderated by Katharine Zaleski, PowerToFly's CoFounder & President, speakers will include:

  • Jamy Barton, Sr. Director, Tech Diversity at Audible
  • Lyndsi McNaughton, Sr. Global Sourcing Programs Lead - D&I at HomeAway
  • Luci Gomes, Global Director of Talent Acquisition Americas & Commercial, Marketing & Consumer Teams at Microsoft

The webinar will take place on Tuesday, February 6th from 1:00pm to 2:00pm EST.

The second half of this webinar will be dedicated to audience Q&A, and our panel is looking forward to taking your questions. If you have a particular question or topic you'd like us to explore, let us know on the registration form and we'll be taking questions in real time on the webinar too!

About our webinars: All RSVP'd attendees are welcome, regardless of race, color, religion, national origin, gender identity, pregnancy, physical or mental disability, or age.

Should You Start Looking for a New Job?

Take this quiz from our career coach to find out!

I'm 26 and I'm already on my fourth job. My dad is 60... and he's on his second. Clearly, we both fit the Boomer and Millennial stereotypes rather well. Thankfully, though, he's never judged me for "job hopping."

Instead, we've discussed our experiences and realized that he's as scared to quit his job as I am to stay at mine. No matter how old you are, deciding whether you should stick things out or move on isn't easy.

So, to help you organize your thoughts, we put together a "Should I quit my job?" quiz with the help of our career coach, Heather Coll (a member of the much less controversial Gen X).

These questions will help you figure out if it's time to move on - from your current role, company, or both. Because no matter what point you're at in your career, or which generation you're from, you deserve to be happy at the place where you spend most of your waking hours!!!



How'd you do? If you're ready to start job hunting and need help putting your best foot forward, Heather can help you with everything from crafting the perfect cover letter to nailing your interview. Or, if you're still not sure about your next steps, she can help you figure out how much longer you should stay where you are, and how to start looking for the perfect job once you decide to leave. Just don't feel like you have to decide by yourself, and don't let anyone judge you for your decisions - whether they're a cranky Baby Boomer, an entitled millennial, or part of some generation no one's even heard of anyway. You do you!

Microsoft Corporation

Meet Microsoft’s Women Tech Leaders

If you are a Dallas based woman in tech and you'd like to attend our event, please contact us at hi@powertofly.com to be considered for an invite.

Microsoft has partnered with PowerToFly to present a one-night-only evening for women in tech. The night will include a discussion with several of Microsoft's leaders, many of whom are Modern Apps Consultants, Secure Infrastructure Consultants, and Premiere Field Engineers. There will also be plenty of time to network with Microsoft leaders and top women in your field.

The event will take place on Tuesday, February 5th from 5:30pm to 7:30pm at House of Blues, 2200 N. Lamar Street, Dallas.

Agenda (Subject to Change)

  • 5:30pm - Check-In and Networking over Food & Drinks
  • 6:10pm - Introduction by PowerToFly
  • 6:15pm - Keynote Address
  • 6:25pm - Panel Discussion featuring from Microsoft's women leaders including Luci Gomes - Global Director of Talent Acquisition Americas, Services, Commercial, Marketing & Consumer Teams
  • 6:35pm - Audience Q&A
  • 6:45pm - Networking Continues

If you are interested and available, Microsoft will be asking some attendees to interview for open roles on Wednesday, February 6th, the day after the event. Follow up interviews will take between three to four hours of your time and will be comprised of two technical interviews and one hiring manager interview. Let us know when you register if you are available and if so, if you'd prefer the morning or the afternoon. If you are not available on 2/6, Microsoft and PowerToFly will work with you to find an alternate follow up date.

Microsoft is invested in women-focused organizations and providing support to women once they are employees at Microsoft. Their employee network Women@Microsoft reaches over twenty thousand people worldwide. Microsoft's ongoing diversity partnerships include the Anita Borg Institute, National Center for Women & Information Technology (NCWIT), and MentorNet.

Visit Microsoft's page on PowerToFly to learn more about their open roles, benefits and diversity initiatives.

About our Events: All RSVP'd attendees are welcome, regardless of race, color, religion, national origin, gender identity, pregnancy, physical or mental disability, or age. If you require assistance to fully participate in this event, please email hi@powertofly.com, and we will contact you to discuss your specific needs.

Unfortunately, PowerToFly and Microsoft cannot admit outside recruiters to this particular event. Please email hi@powertofly.com if you have any questions about this policy.

Women & Diversity in Hollywood: A Look at 2018

In Spite of #MeToo, Women Directed Fewer Films in 2018 than in 2017

2018 was a banner year for women in politics, with more first-time congresswomen elected than ever before and the most women in Congress ever. Unfortunately, in spite of #MeToo and Time's Up, it wasn't a similarly good year for women in Hollywood. A study by the USC Annenberg Inclusion Initiative shows that women actually directed less films in 2018 than they did in 2017.

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