Benefits of Diversity Hiring

Catalyst Career Group Diversity Job Fairs

As one of the biggest topics in today’s business environment, hiring for diversity claims an impressive role in a workplace’s performance. Not just for political correctness, focusing on diversity hiring gives team members, managers, and customer an elevated ROI. As you are looking forward to your hiring this 2021, these statistics show the benefit of adding new skills and experiences to your organization.

Diversity hiring has been shown to encourage new concepts and ideas when looking at systems, processes, and products.

There’s a certain competitive advantage that businesses obtain when they hire new and various backgrounds of individuals. With different ethnicities and experiences comes creative ways to view problems and methods. You’ll see an increase in output and planning when diversity hiring is purposely incorporated in your candidate pool. The Boston Consulting Group actually show that businesses with diversity hiring in management saw a 19% higher revenue from innovation than other businesses with lower diversity.

Businesses that welcome diversity hiring actually see lower turnover.

More 30 year olds are taking on a greater number of jobs in the markets than ever before. If you are looking to increase your retention rate with this growing demographic of career-minded professionals, you’ll want to consider how diversity impacts their decision making. In a Deloitte study, individuals in this age group remain with companies that encourage diversity hiring. It impacts their decision making when looking for a job move and when partnering long-term for a career.

Diversity hiring has been shown to increase profitability.

A 2018 Harvard Business Review article actually found an amazing statistic when looking at certain venture capitalists. Fund returns and investments profited from diversity hiring. When different ethnic backgrounds teamed up for their business goals there was an astonishing 26.4 – 32.2% greater success rate than others of an all-the-same ethnicity.

Reports like this affirm that diversity has a major influence on financial performance, investing interest, and pool of clientele. Diversity hiring and business profitability are related. A diverse company is where CEOs, Hiring Managers, and Human Resources place value on attracting new candidates with various backgrounds and ethnicities.

A powerful diversity focus will advance innovation, lower turnover, and increase your profits. Interested in increasing your diversity hiring? Catalyst Career Group has over a decade of experience recruiting and managing Diversity Job Fairs. We’ll help you meet top candidates in your area interested in growing their career. Our national Diversity Job Fairs are perfect for quick turn around hires, hard to hire positions, and specific expertise qualities.

Contact Catalyst Career Group for virtual job fairs and private hiring events.

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Next: Outsmart The Coronavirus – Now’s The Best Time To Find Local Candidates. 

July Hiring Trends & Market Indicators

Wondering what the hiring trends looks like from countries that have already begun their recovery as this first phase of the pandemic moves along? According to LinkedIn’s data on job postings, China’s job data is currently trending upward. This is a great indicator of where other countries, including the U.S. will be at the same place in a few weeks/months as we follow a similar arch.
China’s hiring rate reached 13.4% increased growth year-over-year as of June 5 of this year. This upward trend can be a positive sign for various other markets.
The data indicate that hiring trends begins to grow gradually starting 4-6 weeks after the lockdowns relax. We will still need more info to see if this trend will hold in other locations as public health policy varies from state to state. Also, with most international travel paused, there will be longer impacts on the world economy, but that also means local businesses will see opportunities and higher in demand for their services.

Latest July Hiring Trends Revealed

According to the recent release of July hiring trends, the U.S. is currently seeing an uptick in hiring. We are currently at equivalent employment numbers to 2014 and 2015. This is quite astonishing considering the sharp decline just a few months earlier.
According to BLS.gov, some hiring trends to note include Leisure/Hospitality (+2.09m), Retail Trade (+740k), Education/Health Services (+568k), Manufacturing (+356k), and Business Services (+306k).

Businesses Prepare For Second Time Round

One thing this report does not show is the more recent spike in cases. With many states rolling back reopenings, we are seeing businesses once again impacted. This time though, businesses, employees, and consumers don’t have the same level of panic as previously seen in the first sweep of closures. Positive Trends In The Market, Giving Us A Stronger Position Going Forward:
  • Logistics and supply have developed faster ways to meet demand by prioritizing supply.
  • Businesses became equipped and implemented policies for customer and employee safety.
  • Consumer needs have grown into buying trends and businesses are responding quickly to bring solutions to market.
How has your business been preparing for the upcoming next few months? With new policies in place, do you feel you are ready for a second round of pandemic closures? Contact Catalyst Career Group for virtual job fairs and private hiring events.

What’s Your Plan For Virtual Onboarding & E-Learning?

Catalyst career group What's Your Plan For Virtual Onboarding & E-Learningv

We are always keeping up on the latest data for the job market and what is impacting companies’ hiring efforts. As we look forward to what lies ahead for Q3 and Q4 of 2020 we’re noticing new trends. Specifically, we’re seeing companies looking to retrain current employees and unique ways to virtually train new hires as they come on remotely or in-person.

Virtual Onboarding

Yes! Companies like yours are hiring right now. There’s fresh talent looking for security and flexibility. The best way to keep them engaged from offer to committed team member is through your new virtual onboarding process. It is the final stage of the recruitment process and it starts the moment the new team members accepts the position – not the first day working.

With much face-to-face interaction lost these days, HR teams are making effort to provide effective virtual onboarding that mirrors normalcy.

A stable onboarding procedure will increase retention rates by 82 percent, which is a pretty staggering number when you consider the time it takes to market, sift through, and interview the right candidate.

This is their first official entrance into the business and community, so with a negative experience, 17 percent of new candidates decide to exit within three months.

Virtual E-Learning

As you anticipate your remote learning for the team, you are most likely considering conferencing software and cloud supported training documents. There are also online training programs that can walk your new hire through a series of videos, text, and Q/A.

You’ll actually give yourself more time if you implement or begin to develop these items now for your future new hire’s comfortable onboarding experience.

Here are just some of many project management tools that provide video tutorials for your workflow:

  • Trello
  • Monday.com
  • Proofhub
  • WEEKDONE

Virtual Socialization

Does your new team member have other colleagues they’ll be working with soon? It’s best to assimilate the meet and greet process is by offering virtual social happy hours. Get creative with your virtual environment to make them feel welcome. There could be themed nights, walking clubs, cook-together events, and TV-show discussion clubs.

This will give the new team member a better idea of your company’s culture and help them engage better on their work assignments too. In this uncertain time for hiring and the economy, this type of onboarding practice an only help with higher retention rates and attracting top talent.

Looking to fill your position fast and need top talent? Contact Catalyst Career Group for virtual job fairs and private hiring events.

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Companies Ramp Up Virtual Hiring

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There are early signs of a turnaround for the economy. With that comes new opportunities for those seeking new employment.

 

We’re seeing more mortgages, truck load deliveries, flight and hotel bookings, and retail gasoline purchases. Along with that are companies eager to hire to fill their positions right now.

From Chicagoland area, to Wisconsin, Ohio, Texas, New Jersey, Colorado, and New York – businesses are taking advantage of the available workforce for their open positions. There are industries with frontline occupations that need filling as well as logistics and healthcare.

That’s where job fairs come in. While these physical events have been placed on hold due to health concerns, Catalyst Career Group hosts virtual events set up to mimic the real thing.

Hiring managers host a business “booth” and post job positions in advance for candidates to review. When candidates visit the “booth” they can engage the hiring manger in live chat and provide their resume.

 

If the conversation and resume are of interest to the business, the hiring manager can immediately invite the job seeker for a Zoom interview – right then and there.

Once the virtual job fair is complete, the hiring manager has access to the candidates contact information, resume database, and analytics of the event.

Even more, the hiring manager can continue to reach out to other candidates who may not have visited their “booth” during the event. The opportunities for matching the right candidates with the right employers are especially elevated because of the virtual profile database.

 

Have you been concerned about having successful in-person interviews? So is the person on the other side of the “table”. When it’s not recommended to physically meet in closed-in locations with multiple individuals, virtual interviews and job fairs are the answer!

Let us know how we can solve your interviewing woes and connect the right candidate to the right position fast!

Contact Catalyst Career Group for virtual job fairs and private hiring events.

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The Rise Of Virtual Job Fairs

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Unemployment is rising and more than ever, people are looking for a new job. With restrictions in place surrounding close proximity, we are seeing a rise in the area of virtual job fairs!

This is becoming the quickest alternative to “pounding the pavement” or even in-person interviews right now.

This is one of the best ways to get information about remote jobs, the culture of a company, and discover which organizations have flexibility in work schedule.

Realtime Chat & Video

Virtual job fairs also give candidates and employers to talk in realtime through chat. If there is a good match via the chat, employers will often initiate a next level video pre-interview to learn more about the job seeker!

Fresh Resume Database

Another one of the biggest benefits to virtual job fairs is the ability to have the most recent resume profiles available for a very select location.

Employers appreciate being able to review relevant resumes before, during, and after the live event. It gives them that additional control feature to see the candidate pool and be empowered to connect in their own time for follow ups.

You can attend a job fair from your home office. With local companies all looking to hire, this is the perfect way to meet and interact with profiles online to share information and resumes.

Consider joining us for an upcoming area Job Fair. These are multi-profession, multi-industry VIRTUAL EVENTS where recruiters can safely connect live with area talent and maximize their recruiting efforts from the comfort of their own office.

Contact us to request a flyer/registration form to secure your place or if you would like to schedule a time to talk through the details ahead of registering.

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Let us know if you’d like more information and/or a registration for by checking the contact us button.