Name: Insights: Here’s How Companies Can Improve the Diversity of Their Workforce
Uploaded: 2020-01-21
Duration: 2 min 3 s
Description: Bank of America’s global talent acquisition executive Ebony Thomas said she believes companies stumble “on execution” when it comes to hiring. (September 2018)

[MUSIC PLAYING] When I think about diverse pipelines and that, you know, we hear the conversation a lot, and many of you express the competition for talent is increasingly fierce. And it absolutely is, but I think about, when we talk about the diversity of this organization-- of this country and we talk about the diversity that comes through the funnels of many of our organizations, and if you look at the data, the data is telling us that, actually, the diversity is in a lot of our funnels. It's there, but how do we execute? How do we take actually that diversity that's there and actually do something with it? So you know, I think about, you know, General McChrystal last night speaking at dinner and the use of his book around myths and reality. And so the myth is that there's a pipeline issue. Well, the reality is it's not a pipeline issue, it's really about how do I deploy the best resources, the best people, the best technology-- all right, because I do think that technology plays a role in us figuring out how to execute on that diverse talent. But it absolutely is there. It's how do we actually get it through or funnel through our organization? How do we use the technology to, in some ways, eliminate some of the biases that we know we have? So we create some kind of tool or technology that eliminates that, knowing that there is still some bias in the technology, based on the data that we use. But I do think that there are opportunities for us to use data and insights to actually understand better about our pipelines and our funnels. And you know, going back to the point we made early around even our leaders upskilling. Like you know, we have a diverse-- many of us have diverse pools already within our organizations. What are we doing with those pools to upskill them? To make sure that they are ready for the next role or for the next opportunity through infusing learning and/or skill building within that current pool. So there are solutions there. It's really about how we are really thinking about how to use those solutions. 

Insights: Here’s How Companies Can Improve the Diversity of Their Workforce

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Companies stumble “on execution” when it comes to hiring.

How Companies Can Improve the Diversity of Their Workforce

Bank of America’s global talent acquisition executive Ebony Thomas said she believes companies stumble “on execution” when it comes to hiring. (September 2018)

when I think about divers, pipelines and that, you know, we hear the conversation a lot. Many of you expressed. The competition for talent is increasingly fierce, and it absolutely is. But I think about when we talk about the diversity of the organ of the country, and we talked about the diversity that comes through the funnel of many of our organizations. And if you look at the data, the data is telling us that actually, the diversity isn't a lot of our funnels. It's there. But how do we execute? How do we take actually that that diversity that's there and actually do something with it? So, you know, I think about, you know, General McChrystal last night looking at dinner and in the use of his book around Mr Reality. So the myth is that there's a pipeline issue. Well, the reality is, it's not a pipeline issue. It's really about howto lie deployed. The best resource is the best people, the best technology, right? I do think that technology plays a wool and figure out how to execute on that diverse talent, but it absolutely is there. How do we actually get it through our front of throughout organization. How do we use the technology? Thio in some ways eliminate some of the biases that we know we have. So we create some kind of tool or technology that eliminates that, knowing that there is still some bias in the technology based on the figure that we use. But I do think that there are opportunities for us. Thio used data and insights to actually understand better about our our pipelines and our funnels and, you know, going back to the point we may early around, even our leaders up killing. Like, you know, we have a diverse Many of us have diverse pool's already with our organizations. What are we doing with those pools? To upscale them to make sure that they are ready for the next role or for the next opportunity through infusing, learning and or skill building within that current pool there, there are solutions there. It's really about how we are really thinking about how to use a solution