What CFOs Can Do About Diversity

If better representation becomes a goal, the definition of a “perfect candidate” must change and your team’s talent pipelining process should be updated

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Who’s interested: Primary – CFOs and CXOs, Secondary – Talent Acquisition and L&D

Takeaways:
– BIPOC (Black, Indigenous, People of Color) and Gender representation in the Finance function is a generational challenge that requires solutions with a longer-term focus
– CFOs need to set the example – in hiring and development
– If better representation becomes a goal, the definition of a “perfect candidate” must change and your team’s talent pipelining process should be updated

ideascape View: It starts from the top. How a leader acts will set the tone for how (and what) the team will follow. The author calls BIPOC representation a “generational” challenge; and if it is truly important for the team to address, then some introspection is required. Start with questioning the history of how you get candidates, what team members take part in hiring decisions and the skills you’ve determined are required vs. optional. Address small process changes that yield higher talent impacts then go bigger. And don’t forget to bring the team with you!

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