In today’s increasingly competitive business environment, diversity and inclusion have become strategic imperatives. Companies striving to meet diversity, equity, and inclusion (DEI) goals must consider every aspect of their operations, especially their budget allocations that consider diversity within their supplier base. A key component of this strategy is managing diversity spend on staffing by partnering with diverse suppliers. Prosum, a minority-owned staffing firm that falls under the Tier 1 category is uniquely positioned to help companies achieve these goals.
What Is Diversity Spend in Staffing?
Diversity spend is the allocation of procurement dollars to diverse businesses, such as those owned by minorities, women, veterans, and other underrepresented groups. In staffing, this means partnering with firms that are certified as diverse suppliers to fill your organization’s staffing needs. Diversity spending goals usually consist of increasing the percentage of the procurement budget allocated to these suppliers. This ultimately results in fostering an inclusive supply chain that reflects the diversity of a broader community.
Working with a diverse staffing supplier like Prosum can play a crucial role in accomplishing these goals. Prosum is a certified minority-owned business and a member of the National Minority Supplier Development Council (NMSDC), which qualifies them as a Tier 1 diversity supplier. This designation means that companies working with Prosum can count their spend directly toward their diversity spend objectives, making it easier to achieve or exceed these targets.
Why a Diverse Staffing Supplier Is a Great Partner for Your Business
The benefits of partnering with a diverse staffing supplier extended beyond merely checking a box for diversity requirements.
Here’s how these partnerships can provide substantial value to your organization:
Access to a Greater Talent Pool
Diverse staffing firms often have access to a wider range of candidates, including those from underrepresented backgrounds. This access helps companies build teams that reflect a variety of perspectives, leading to more innovative problem-solving and better decision-making.
Additionally, a study by McKinsey found that gender-diverse companies were 15% more likely to outperform industry peers on profitability. We see it in the data and we witness the direct results manifest in front of us. Whether it’s in the form of increased innovation, profits, productivity, or engagement, the results speak for themselves.
Enhancing Company Reputation
Companies that are committed to diversity and inclusion are often viewed more favorably by customers, clients, and potential employees. Monster.com shared research that says: “ 86% of job seekers believe that a company’s approach to diversity, equity, and inclusion (DEI) is an important factor when considering an employer,” a sentiment that supports the notion that diversity spend on staffing improves brand reputation. It imparts that an employer who values diversity and inclusion can attract top talent and increase customer loyalty. Partnering with a recognized diverse supplier like Prosum can enhance your company’s reputation as an inclusive and socially responsible organization.
Compliance and Risk Management
Many organizations especially those in regulated industries have specific requirements for supplier diversity. By working with a certified minority-owned firm like Prosum, companies can ensure compliance with these regulations and mitigate the risk of not meeting diversity spending goals.
Support for Economic Growth
By directing spend towards diverse economic growth of underrepresented communities, company priorities not only align with corporate social responsibility initiatives but also help create a more equitable economy.
Innovation and Competitive Advantage
Diverse suppliers often bring unique insights and innovative approaches to problem-solving, stemming from their varied experiences and perspectives. This diversity of thought can be a significant competitive advantage in today’s global marketplace.
How Prosum Satisfies Supplier Diversity Programs
Prosum stands out as an ideal partner for companies looking to improve their diversity spend on staffing. As a minority-owned business, Prosum’s status as a Tier 1 supplier allows organizations to directly count their spend toward diversity goals. This classification is critical for companies committed to meeting specific diversity spending goals or enhancing their supplier diversity programs.
Moreover, Prosum’s robust network and expertise in the staffing industry ensure that they can meet the unique needs of each client. With a focus on IT and technical staffing, Prosum provides access to a diverse talent pool that includes top-tier candidates from various backgrounds. Their commitment to diversity is not just in name but is reflected in their practice of building inclusive teams at all levels.
For companies seeking to align their staffing strategy with their DEI goals, partnering with a firm like Prosum offers a streamlined path to success. Not only does it help fulfill diversity spending targets, but it also reinforces a company’s commitment to fostering a diverse and inclusive workplace.
