The Make the Change: Women in STEM talk at Istuary Innovation Group tomorrow will focus on the need for employers to make proactive decisions to build a more diverse, inclusive workforce. The talk will highlight specific tools that can be used in any organization to reduce bias in the recruitment process for female candidates and provide career development once they are hired.
The 2015 McKinsey Report Diversity Matters indicates companies committed to diverse leadership are more successful culturally and are 15 per cent more likely to have financial returns above their respective national industry medians. Companies such as Google, Cisco, Microsoft and GE, the Canadian divisions, have been investing in STEM programs for children as a reflection of a growing need for more talent in the industry. Some companies such as Airbnb have policies to attract more women and a racially diverse workforce.
Istuary grew from zero women when it first started in 2013 to 20 per cent in less than three years. Francois Guay, Director of Talent and Culture, Istuary Innovation Group, says a diverse workforce makes good economic sense not only in work culture but employee satisfaction and retention. "We implemented internal hiring policies that takes into account how Istuary finds candidates and how candidates find Istuary, but we need to do more," said Guay. "We are launching the Sponsored Leadership Program where we make a conscious effort to focus on top female talent and assign leaders to sponsor them in a one-to-two-year program. We need to reach our goal of 50 per cent women in leadership roles in two years."