Shawn Cole of Cowen Partners puts forward the view that producing a diverse slate of candidates is a core part of the responsibilities of a Search firm.
Diversity Recruiting: A Fiduciary Responsibility?
Shawn Cole is an executive recruiter and co-founder of Cowen Partners, a national executive search and consulting firm.
Importance of Diversity in Recruiting
Diversity recruiting can be a powerful strategy for building innovative, dynamic teams that strengthen organizations while making them more agile. Organizations that practice diversity recruiting tend to see better business performance and higher employee retention rates. In fact, research shows that companies with diversity recruiting practices are about 35% more likely to enjoy greater financial returns from their efforts.
Yet, fewer than 1 in 5 executives are racially diverse, according to a Standford study. While that could mean that some organizations are still figuring out how to adopt diversity recruiting practices, it may also indicate that companies are running into challenges finding a highly qualified pool of diverse candidates to select from. That’s where executive search consultants can be critical.
At Cowen Partners, we have deep experience in diversity recruiting, sourcing the best talent to step into our clients’ C-suites. Discover the difference our top diversity executive search firm can make when it’s time to find your company’s next leaders.
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