Diversity, equity and inclusion go beyond mere representation of minority groups on paper. It requires empowerment, the ability to influence change, equal prospects and a sense of belonging. Without these elements, organizations would miss out on the extraordinary benefits of a varied workforce.
Cybersecurity expert Jane Frankland believes lack of diversity is a major factor in a company's poor risk management. To address the shortage of skilled talent in the industry, hiring leaders must address the faulty processes and increase the recruitment and retention of women workforce.
A volatile business environment has caused companies to put the brakes on full-time hiring in the Indian technology industry. To meet talent requirements, recruiters are now resorting to a mix of hiring strategies that include gig workers.
High-quality and low-cost workforce used to be the focus areas for global companies outsourcing talent. Today, it is all about a highly skilled workforce that builds innovative solutions for global business. The Boeing Engineering and Technology Center in Bengaluru is a prime example.