Cultivating Diversity Through the Hiring Process

Hello friends,

We are back! This time I’m sharing insights from Katy George, Chief People Officer of McKinsey & Company, to take a look at several impactful growth strategies they are using to foster a diverse workforce for their future.

From dramatically expanding recruitment efforts to revolutionizing hiring practices, McKinsey is redefining how diversity and inclusion actively exist in the workplace. Katie's forward-thinking strategies not only reflect a comprehensive approach to building a diverse workforce but also offer actionable insights that can inspire positive change across industries. Here are the highlights of our conversation, and you can watch our entire conversation here:

Expanding Recruitment Efforts

McKinsey's initiative to broaden recruitment beyond traditional sources increased their target from 500 to over 5,000 educational institutions. Katie noted that this strategy is already yielding a wider array of skilled applicants with unique perspectives and experiences that align with McKinsey’s values. By reaching out to previously untapped talent pools, McKinsey becomes equipped to address global challenges with a broader lens.

Innovative Hiring Assessments

McKinsey has also embraced innovative hiring practices, including game-based assessments to better gauge candidates' problem-solving skills and cognitive abilities. This approach allows the firm to discover hidden potential beyond what conventional case interviews reveal. This method reduces biases tied to educational pedigree, and opens the door for those from unconventional backgrounds who possess both the necessary talent and bring a new perspective.

A Skills-Based Approach

Katie emphasized the importance of a skills-based framework for both employee development and career progression. By allowing staff to customize their learning journeys through a flexible internal mobility system, employees can explore diverse career paths. This empowers individuals to be proactive in their professional growth, creating a culture of meritocracy and inclusion where unique skill sets are celebrated and futher developed.

Diversity and Inclusion Evolution

Over her 27 years at McKinsey, Katie has seen the firm embrace diversity and inclusion through tangible measures like mentoring, sponsorship, and metrics tracking. These practices ensure that diversity isn't just a buzzword but a strategic priority that’s reflected in leadership and daily operations. Mentoring programs, in particular, help underrepresented employees navigate their careers and create a supportive environment where everyone can thrive.

By cultivating a workforce that reflects a multitude of voices and perspectives, the firm exemplifies how investing in diversity enhances organizational creativity and problem-solving. Consider how your business might benefit from expanding its talent sources, employing innovative assessments, or fostering personalized career development. If you’d like to personalize your own career development, I welcome you to join my mailing list. 

When it comes to company diversity, it's not just about checking boxes; it's about unlocking the full potential of a workforce that mirrors the rich diversity of our world.

Wishing you health and success,

Dorie Clark