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1 big thing: Systemic racism drives corporate turnover

Original Source: Axios

Another pandemic worry: Companies that don’t pay attention to their internal cultures could drive their Black employee turnover rates even higher, reports Axios’ Erica Pandey.

Why it matters: 33% of Black professionalsdon’t feel respected or valued at work, per a recent survey from the Society for Human Resource Management. Compare that with 18% of their white counterparts.

  • That pushes people out the door. According to a report from the Center for Talent Innovation, more than one-third of Black employees intend to leave their companies within two years, and Black professionals are 30% more likely to intend to leave than their white counterparts.

The big picture: “Remote work can exacerbate the problem because there’s less person-to-person contact,” says Patrick McKay, a professor of human resource management at Temple University.

  • In-person encounters with colleagues who don’t look like you chip away at your biases, but those biases can stay strong when we’re all working from home, he says.

The bottom line: While many companies are trying to address issues of harassment and micro-aggressions through implicit bias training or recruiting initiatives, these efforts can feel like “slapping a Band-Aid on a tumor,” says University of Houston professor Derek Avery.

  • Steps that could actually chip away at the turnover problem include adding transparency to recruiting and promotion processes, setting up ways in which employees can report discrimination, and holding aggressors accountable, McKay says.
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Angela Hood, a serial entrepreneur from Austin, Texas, developed Ai4JOBS after years of research, development, and incubation at the University of Cambridge ideaSpace in England. Now operating across the world, ‘Ai4JOBS by ThisWay’ provides employers, recruiters, and staffing agencies with a suite of solutions that delivers unbiased job-to-candidate matching technology. ThisWay’s acclaimed technology and ethics-based methodologies help both businesses and individuals find greater success in the job world, through matching that matters. Hood’s passion around building unbiased technology was born from her own experience working as a field engineer and project manager in the construction and land development industries. She is a business and recognized thought leader in the fields of artificial intelligence, entrepreneurship and the ROI of diversity. Her groundbreaking work in artificial intelligence and de-biasing is often referenced in international research and is featured in a Simon & Schuster book being released in August 2019.