Recently, we welcomed Lauren Rivera, Associate Professor of Management and Organizations at the Kellogg School of Management at Northwestern University and the author of Pedigree: How Elite Students Get Elite Jobs as our Signature Seminar Series presenter. Dr. Rivera shared her insights and advice on How On-Campus Recruiting and Cultural Fit Are Ruining Your Diversity and Recruitment Efforts.
In case you missed it…here are some highlights:
What Happened to the American Dream?
We like to think that America is the land of opportunity and anyone, no matter his or her background, social class, race or gender, can be successful if they work hard enough. However, research shows that social class in particular affects how far and how fast you’ll climb the economic ladder. Bottom line: From one generation to the next, Americans generally stay in the same social and economic class.
Bias in Recruitment is Damaging Your Diversity Efforts
Dr. Rivera spent a decade investigating the recruiting and hiring practices of professional services firms and law firms and came to the conclusion that elite students from wealthy, upper middle class families are most likely to get the elite jobs, regardless of achievement. Additionally, it was clear that the hiring practices of these firms were detrimental to diversity efforts and ultimately the financial wellbeing of the firms.
Three Factors Harming Your Diversity & Recruitment Efforts
- By limiting your recruitment efforts to on-campus recruitment at elite universities, the game is rigged towards students with high parental income and education at the most expensive institutions. You are therefore completely missing top students at less elite universities who may be just as qualified but often are from lower income families. Interestingly, at many firms, hires from the most elite schools are not staying long term, and therefore, are costing firms more money in recruiting and training costs.