Business

HR Professional

New Study Reveals Diversity Slate of Job Applicants Increases by 118% When Women or POC Oversee Hiring and Recruitment

If your company or organization is looking to increase the diversity of its workforce, studies suggest putting a woman or someone from an underrepresented demographic in charge of hiring. According to the Journal of Applied Psychology, when women and/or people of color head hiring committees, it can have a significant…

Walmart

Walmart Tests New Employee Retention Strategy by Covering 100% of College Tuition Fees

America’s largest retailer is attempting a surprising new strategy to help the company attract and retain top-level talent. Walmart (No. 22 on The DiversityInc Top 50 Companies for Diversity list in 2021) has announced that it will now begin covering full tuition plus the cost of books for its workers…

CEO salary

CEOs of S&P 500 Companies Make Approximately 299 Times More Than Their Average Worker

Even with the ongoing COVID-19 pandemic, a new report from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) reveals that CEO salaries continue to soar while compensation for the people working for these individuals remains stagnant.  Moira Ritter of CNN Business has reported that “the average S&P…

England banking

British Banking Industry Considers New Rules Tying Executive Bonuses to a Company’s Overall Diversity and Inclusion Efforts

While it’s not unusual for some U.S. executives to receive bonuses based on various diversity goals within an organization, regulators in the U.K. are looking into enacting a more formal and official program linking the two ideas together, making financial services more accountable for their hiring practices. Bloomberg’s Aoife Kearins…