- Advice for Hiring Companies
Why a shortlist needs more than one woman
Include at least one woman on shortlist of candidates
- September 5, 2024
Firms across industries are increasingly prioritising Diversity & Inclusion (D&I) in their recruitment strategies and corporate values. In the Asset Management sector, diversity is usually a key factor in recruitment processes. But what about inclusion?
Timothy R. Clarke, in his book ‘The 4 Stages of Psychological Safety‘, discusses the importance of inclusion. He suggests that, before we interact, we are separate but not excluded. As we start to interact, we decide how to accept each other. This acceptance or rejection, inclusion or exclusion, primarily happens through granting or withholding psychological safety. This is the state we aim for in any situation, including the workplace, where we feel included, and safe to learn, contribute, and challenge the status quo without fear of embarrassment or punishment.
In the post-Covid world, candidates are looking for a job where they feel comfortable and part of an open, non-judgemental team. Feeling secure in their role, they are free to express ideas and contribute significantly to the business.
But what do organisations expect from candidates? People are the heart of any business, contributing to its success. Companies thrive by maintaining a competitive edge through innovation, which is typically a collaborative process. It requires creative abrasion and constructive dissent, relying on high intellectual friction and low social friction. This innovation can only occur through open dialogue, where employees feel the company provides a ‘safe space’ for robust, constructive debate.
Both candidates and clients must foster an inclusive culture to create a positive feedback loop, benefiting individuals and overall company performance.
If we can set bias aside and understand that everyone deserves to be heard and respected, the engagement changes. When managers promote open communication, employees feel respected and included, fostering a collaborative environment. This can be achieved through open discussion forums, feedback from all levels, and informal gatherings promoting open communication.
An ‘exclusive’ culture often stems from insecurity, leading to the exclusion of those we are biased against. These individuals feel alienated, leading to a divided organisation or a tribal culture with cliques competing for attention from senior management.
Managers can further encourage individuals to admit their mistakes. By showing vulnerability, including discussing their own mistakes, managers can make employees feel respected and included, fostering a more collaborative environment. With employees feeling ‘heard’, productivity increases as they strive to do a better job for the managers they now feel more connected with.
However, the job doesn’t stop there. Managers need to encourage debate on how they could improve. Discussion groups and reviews should be implemented across the organisation, especially across different experience levels. Anonymous 360-degree reviews should also be encouraged so that differing opinions can be considered and included in company policy, increasing staff engagement because they feel ‘heard’.
What implications does this have on Recruitment best practice?
At Godliman, we understand the dangers of unconscious bias when selecting candidates.
Our proprietary Search process roots out exclusion bias in candidate identification and selection by subjecting all candidates to a systematic and structured three-step Best-Fit Search™ and Assessment process.
Best-Fit Search™ uniquely evaluates candidate ‘Fit’ in the broadest possible sense: looking for the best complementary skills to the existing team, which sometimes means deliberately hiring for creative friction. As a result, the longevity and impact in the role of our hires are significantly above the industry norm.
If you would like advice on how you can improve your firm’s hiring processes to improve both Diversity and Inclusion, then contact us at hello@godliman.com.