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How to Turn Diversity Into a Major Asset for Your Organization

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The ability to create a diverse workforce can be a key competitive advantage. However, today’s HR teams are challenged when it comes to making it work.

Join PayScale and BambooHR as we talk about simple steps to make diversity work for your organization. You’ll learn about:

-How to compensate a diverse workforce
-Training managers well beyond compliance
-Practicing inclusion in hiring, training and development

Published in: Recruiting & HR
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How to Turn Diversity Into a Major Asset for Your Organization

  1. 1. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Title Goes Here And then a subtitle or description down here
  2. 2. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization JD Conway Senior Talent Acquisition Partner BambooHR Mykkah Herner Head of Professional Services Payscale
  3. 3. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization
  4. 4. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Functional Fixedness
  5. 5. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization A New Perspective
  6. 6. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Mitigating Risk
  7. 7. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diversified Investments
  8. 8. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diversified Investments
  9. 9. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Defining the Issues
  10. 10. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Why Are We Talking About Diversity?
  11. 11. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Defining the Issues Diversity Bias Bias FOR and AGAINST Managing Diversity
  12. 12. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization What Do We Mean by “Diversity”? When we talk about diversity in the 21st century, we’re covering a wide range of differences
  13. 13. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization The Workforce Is Becoming Larger and More Diverse
  14. 14. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization But even if the workforce isn’t becoming more diverse … our customers certainly are.
  15. 15. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Bias and Workplace “Currency” Types of workplace currency • Cash • Work Assignments • Development Opportunities • Promotions • Perks (e.g., working from home) • Favor Currency greases all the workplace wheels
  16. 16. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Diversity of Experience
  17. 17. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diversity of Experience TIME
  18. 18. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diversity of Experience TIME TENURE
  19. 19. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diversity of Experience TIME TENURE INDUSTRY
  20. 20. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Diversity & Compensation
  21. 21. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Ensuring Fair Pay
  22. 22. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Develop Your Plan ➤ Philosophy ➤ Strategy ➤ Structure ➤ Guidelines ➤ Processes
  23. 23. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Identifying and Resolving Inequities
  24. 24. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Equity Pay Self Audits – Pros & Cons
  25. 25. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Manager Favoritism
  26. 26. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization A Note on Negotiation and the Salary History Question http://www.payscale.com/data/salary-history-1.8%+1.2%
  27. 27. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Diversity & Opinion
  28. 28. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diplomacy Courage Sensitivity Discussion Empathy Communication Understanding
  29. 29. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Decision Paralysis
  30. 30. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Diversity Beyond Compensation
  31. 31. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Diversity vs. Inclusion Diversity without inclusion is a lose-lose proposition that negatively impacts both engagement and retention.
  32. 32. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Employee Relations
  33. 33. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Learning and Development of employees leave in search of advancement of employers offer L&D to retain employees PayScale’s 2017 Compensation Best Practices Report
  34. 34. bamboohr.com 1-866-387-9595 How to Turn Diversity Into a Major Asset for Your Organization Diversity & Skill
  35. 35. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Skills that are learned to perform a specific job function and are more easily identifiable and quantifiable. Mostly about “what you know” Hard Skills VS Skills that are less tangible, and more associated with one’s traits or personality, that determine how we interact. Mostly about “how you act”. Soft Skills
  36. 36. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization 18th Century 19th Century 20th Century 21st Century Agricultural Age (farmers) Industrial Age (factory workers) Information Age (knowledge workers) Conceptual Age (creators and empathizers) Low Abundance Automation Asia Dan Pink A Whole New Mind Affluence Technology Globalization High
  37. 37. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Hard Skills Soft Skills Soft Skills
  38. 38. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Soft Skills
  39. 39. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Follow BambooHR & Payscale on social media: bamboohr.com/blog | payscale.com Thank you!
  40. 40. bamboohr.com payscale.com How to Turn Diversity Into a Major Asset for Your Organization Questions? BambooHR Receive a free job posting on our ATS and full HRIS for one week. We will contact everyone within the next few days to set this up. PayScale Receive a free copy of the eBook Compensating the Multigenerational Workforce

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