How Crowdsourcing Recruitment Can Drive Employee Diversity
“It’s proven time and time again that diverse organizations outperform those with lower percentage of diversity across gender, race and age.
It’s true that hiring individuals who do not look, talk, or think like you can allow you to dodge the costly pitfalls of conformity, which discourages innovative thinking.
In a recent survey from Management, Policy & Practice, the authors analyzed levels of gender diversity in research and development teams from 4,277 companies in Spain. Using statistical models, they found that “companies with more women were more likely to introduce radical new innovations into the market over a two-year period.
Another survey analysis of 2,400 companies conducted by Credit Suisse, says that organizations with at least one female board member yielded higher return on equity and higher net income growth than those that did not have any women on the board.
If diversity in your organization is so important — how can crowdsourcing through blockchain improve your chances of reaching more diverse individuals?
Although you might have made it clear to your HR and Recruitment team that you’re looking for diversity in new hires, it’s inevitable that they will still hire people who have cultural similarities to them.
The truth is that “cultural similarities are more than just sources of liking; they are also fundamental bases on which we evaluate merit (DiMaggio 1987; Lamont and Molnar 2002).”
At a basic level, when two people sit down with each other they are judging if they like each other and this leaves so much room for diversity bias.
In seeing these trends, we believe that a crowdsourcing approach to recruiting candidates eliminates these biases that recruiters face. How have we done that?
Through our decentralized blockchain-based platform, anyone can become a recruiter and utilize their personal and professional network to source the most qualified and suitable candidates.
How does it work?
- A Company creates a job offer and posts it to the Bravuz HireMatch Platform
- Recruiters are notified of the offer and can begin scouting and recruiting for the perfect candidate
- The process that go through several networks to get to the just right person
- When the right candidate is found, a smart contract is automatically signed
- Then all of the people involved in the process of recruiting this candidate are incentivized and payed through our own cryptocurrency called HIRE
This seamless process doesn’t leave room for biases because candidates are recruited through a network of individuals thus avoiding the inevitable cultural biases that would otherwise undertake.
If employee diversity has such a pivotal impact on an organization, why wouldn’t you want to optimize diversity from the very core of the hiring process — that’s exactly what we want to solve.
