- Take more time finding suitable candidates
- Invest money in external recruiters
- Lower the bar
Only in the last case does it come at the cost of merit
- Take more time finding suitable candidates
- Invest money in external recruiters
- Lower the bar
Only in the last case does it come at the cost of merit
The comparison is simple: given that you want to hire a fixed number of people and you don’t want to lower the bar (hire based on merit), you can either not invest in DEI or spend extra time/money on getting diverse hires without lowering the bar.
- Either you do not spend extra money/time in finding hires. Then you find better ones if you don't optimize for DEI.
- Or you do spend extra time/money in finding hires. Then you also find better ones if you don't optimize for DEI.
Yes, more competent hires do a better job. But there is a limit to how much competence you can hire per person. That means there is a limit - or at least severe diminishing returns - to how much more competence money will buy you.
That means you can opt to spend that money on DEI without losing out on competence