A recent HR survey notes that 91% of human capital leaders believe that it’s their company’s responsibility to provide reskilling to meet business needs. However, on the ground, only 22% are currently doing this.
The challenge for HR leaders, is to find the right balance between employee growth & advancement while keeping diversity in check. Diversity is especially important because 67% of active and passive job seekers said that a diverse workforce is an important factor when evaluating companies and job offers.
Achieving this right mix requires a combination of leveraging the latest in technology and rethinking the role of human judgement.
The Role of Tech in Achieving Diversity
Enterprises cutting across sectors are now using AI-enabled tools like Draup for Talent to identify diversity hotspots over geographies and talent pools. This helps them to make intelligent hiring decisions that are devoid of bias.
AI also really shines through when it comes to ensuring that employee reskilling/upskilling imperatives are met.
Using proprietary algorithms, AI tools can identify minority talent within an organization and provide a detailed up/reskilling roadmap for them. This way, HR leaders are empowered to promote, reskill and upskill minority talent as opposed to hiring new talent that may or may not meet the diversity criteria.
Numerous studies have proven that eliminating bias from activities like promotions, and key tasks assignments can be done with the power of AI/ML. All that is required is a comprehensive talent database accurately classified in terms of ethnic/gender distribution across technologies.
Roadblocks to Career Development
HR leaders recognize that there is a certain level of hesitance among employees when it comes to taking up internal reskilling initiatives. There exists a misguided belief that these career advancement programs are meant for novices and are not beneficial for experienced workers. This belief is hindering the progress of internal learning academies. HCM experts agree that these academies are crucial to fostering a workforce for future talent needs.
In addition to reskilling initiatives, there should also be an active channel of communication about career growth. HR leaders should urge their managers to initiate conversations around career growth with their team members. This will help employees open-up about their career development plans.
The road to career development is littered with several issues that need to be addressed at every opportunity.
Addressing the Elephant in the Room
Understandably, then, the need of the hour is to have more conversations around growth and career development while balancing enterprise diversity.
From Day One, a media outlet focused on innovative ways for companies to foster stronger relationships with their employees, customers, and communities is organizing a webinar on Managing Talent For Growth & Advancement.
At a time when society holds businesses to a rising level of accountability, From Day One explores how companies can build well-grounded values into their business—diversity, responsibility, transparency—and stick with them in an economy driven by disruption.
The Webinar hosted by the editorial team of From Day One will be moderated by Lydia Dishman. Lydia is a reporter at Fast Company and writes about the intersection of tech, leadership & innovation.
The session features Vijay Swaminathan, CEO & Co-Founder of Draup along with Kristi Robinson, EVP and Head of Talent Acquisition at Citizen’s Bank.
Vijay has extensive experience in the areas of Product Ideation, Concept to Productization, and Platform enablement. He has developed numerous quantitative models and heuristics related to global talent, business analytics, and strategic business initiatives.
Kristi Robinson is an accomplished global HR executive with 20 years of Fortune 500™ experience, and an exceptional track record transforming organizations by developing their most valuable resource: PEOPLE. As the head of Talent Acquisition at Citizens Bank, Kristi serves as Talent Advisor and Connector.
Join them as they discuss “The best combination of technology and human judgment to take bias out of Career Advancements, Key-assignment allocations, Employee training initiatives and other career-development steps.”