Fortune 500
Financial Services Employer Builds More Inclusive Recruiting Process
A Fortune 500 financial services employer recently approached Veris Insights with a new talent acquisition goal – they wanted to build a more inclusive recruitment process all the way from sourcing to hire.
To support them, Veris Insights developed quarterly strategy sessions where we drilled in on each stage of the recruitment process. We also provided data-driven recommendations for optimizing each part of the candidate journey. The sessions covered attracting and sourcing candidates, building interview processes, and winning candidates during the offer/sell process.
Attracting & sourcing candidates
Implementing effective & inclusive interviews
Winning candidates during the offer/sell process
Impact Session One: Attracting & Sourcing Candidates
of candidates have not applied for a job because of the way the job description was written.
1 out of 3 Black candidates and over half of LGBTQ+ candidates have not applied to a job because the job description seemed to indicate a non-inclusive work environment.
Strategy from Session One
Use inclusive language in candidate messaging when trying to attract and source candidates.
Impact Session Two: Implementing Effective & Inclusive Interviews
5
interview rounds are fairly common, with 44% of employers holding 5 or more interviews.
4
interviews is usually the most candidates are willing to engage in before employers run the risk of losing candidates.
Strategy from Session Two
Where possible, try to stick to two interview rounds. That’s the ideal number for most candidates across all experience levels.
Impact Session Three: Winning Candidates During the Offer/Sell Process
Candidates from diverse backgrounds are more likely to accept an offer if the employer provided opportunities to discuss the offer in detail.
Candidates from diverse backgrounds are less likely than non-LGBTQ+ White men to negotiate job offers, which may create unwanted pay gaps.
Strategy from Session Three
Let candidates know what parts of the offer are flexible and give them space to ask questions and advocate for themselves.
Impact: With Veris Insights’ support, the company has made great strides in increasing the inclusiveness of its recruitment process and has rolled out several new recruiting initiatives since the beginning of the sessions.
