DIVERSITY
INCLUSION
&
At Richmond Capital, we champion Diversity, Equity & Inclusion (‘DE&I’), and recognise
their profound impact on businesses & our personal lives.
DE&I is a vital part of running an efficient, successful & thriving organisation. It encompasses attracting, recruiting & retaining talented, diverse team members. DE&I is much more than race and gender – it covers sexuality, religion, disabilities, family, education & career background amongst other factors.
We use our capabilities to help you derive the benefits of being a Diverse & Inclusive business.
We do this because to be a world class company you need to have diverse people around the table to effectively realise shareholder value for investors.
HOW DOES IT BENEFIT A BUSINESS?
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Diversity makes your company a magnet for ambitious, globally-minded candidates. Almost 70% of workers consider diversity when searching for a new position.
Moreover, it enhances retention rates & reduces staff turnover significantly which saves you money on recruitment & onboarding costs.
When employees feel included, they’re more engaged, have stronger morale & have higher outputs.
Companies that support DE&I report 80% of millennials are actively engaged in their work.
Further people working in inclusive workplaces also tend to have better physical & mental health and take less sickdays which impacts profitability & retention.
Through diversity hiring, organisations are more likely to hire individuals who bring a variety of perspectives & experiences to the role.
Diverse teams are proven to make better decisions.
Gender-diverse teams have outperformed individual decision makers 73% of the time, and teams diverse in geography, gender, and age made better business decisions than individuals 87% of the time.
Harvard Business Review found a statistically significant relationship between Diversity & Innovation outcomes. The most diverse enterprises, in terms of migration, industry, career path, gender, education, age, were also the most innovative, as measured by their revenue mix.
A diverse team promotes creativity, problem-solving prowess, and sustained innovation. Diverse teams can also better identify products & services that fit the needs of emerging customer profiles and offer insights into local markets. This understanding fuels the creation of more effective marketing strategies, helping to resonate with diverse audiences. It ignites a spectrum of perspectives, ideas, and approaches that would otherwise remain untapped.
Sources: Harvard Business Review, Deloitte, Gartner, McKinsey, Escalent
Diverse companies can earn 2.5x higher cash flow per employee. For every 10% increase in gender diversity, EBIT can increase by 3.5 %. Companies with significantly more racial and ethnic diversity are 35% more likely to outperform competitors.
Diverse companies are 70% more likely to capture new markets, which, yields higher performance.
Harvard Business Review found that more diverse companies report 19% higher revenue. Additionally, businesses that are in the top quartile for racial, ethnic, and gender diversity have a 25% greater likelihood for being profitable than the national median for their respective industry.This is especially true during times of crisis and evidenced when Great Place to Work assessed hundreds of publicly traded companies before, during, and after a recession. Highly diverse inclusive companies experienced a 14.4% gain while the S&P 500 saw a 35.5% decline in stock performance.
Sources: Harvard Business Review, Deloitte, Gartner, McKinsey, Escalent
"Nearly a 1/3 of institutional investors consider
DE&I a ‘highly important’ factor when considering allocations."
“Very happy with my interaction with Richmond-Capital, a very clear outline of the opportunity was presented. I was constantly updated, very refreshing & confidence building to have such a focused team behind me, the note & box of chocolates was a nice touch after I had started working in my new role."
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HOW WE SUPPORT THIS
Anonymised Recruitment
Competency-Based Selection
Culture
Diverse Candidate Sourcing
Equal Opportunities Policy
Fairness in the Recruitment Process
And we align Search processes to cover these.
Leadership & Involvement
Measurement
Family Friendly Policies
Flexible & Agile working
Like our expertise?
Let’S Speak!
Together, we will find the right Talent,
& add fuel to your Business.
