Building a Diverse Team
Overview
Across the country, organizations are seeking to be more thoughtful about how they approach the communities they serve and take steps to embed equity into their work. We’ll share examples of trailblazing leaders who have successfully integrated a more diverse workforce, as well as pitfalls to avoid if you want more diversity, equity, and inclusion within your teams.
Insights and Key Takeaways
Successive generations want to leave a legacy, and are looking at future prospects and pathways for the family office to be a more diverse workplace. Why does diversity matter in the family office setting? Vincent Robinson, Founder and Managing Partner of the 360 Group, says diversity matters because family offices tend to be relatively hidden in the broader labor market, and competition can either be limited or be quite stiff.
So how do you successfully promote diversity? Robinson highlights some areas for us to think about:
- Work with the family to help everyone understand how diversity can add to the success of the family office.
- Diversity of all sorts – demographic and experiential, makes for better teams.
- There’s a mindset sometimes that if you’re focused on hiring diversity, you’re going to sacrifice in quality. That’s a dangerous mindset and is simply not true.
- Take advantage of the opportunity to introduce “family offices as a career” to nontraditional sources, and potential employees who are not familiar with the family office landscape.
- Remove as much bias as possible from your recruiting and hiring practices.