could provide opportunities for businesses to hire a more diverse group of new recruits. Find an external recruiter that shares your values and commitment It is often the case that businesses look to specialist recruitment firms to find suitable candidates. Specialist firms often have a deep understanding of how to encourage and foster diversity and inclusion through the hiring process. These firms can often point out problemareaswithin the hiring approach for businesses where diverse candidates might be disadvantaged or where there is potential for bias. Totum Partners adheres to recruitment practices that find, foster and forward candidates from a diverse pool of talented individuals from a variety of backgrounds and demographics. Not only are companies with a diverse range of recruits seeing 2.3 times higher cashflows than those with less diverse teams, but they are also 70% more likely to capture new markets than their counterparts. However, much more importantly, increasing diversity and inclusion is just the right thing for businesses to do. Providing all candidates with a fair chance, free from bias or discrimination is at the top of Totum’s agenda – those who do not adapt to encourage D&I will find themselves short of the top talent that drives business success. Compared to White British applicants, people of minority heritage had to make a considerably higher number of job applications before getting a positive response, including those from: 70% Pakistan 80% Nigeria & South Asia 90% Middle East & North Africa Finance Monthly. Bus i ne s s & Economy 27
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