November 19, 2008
by PB2B Staff
Toronto—A new study shows corporations in Canada and the US still face challenges with workforce and supplier diversity.
The study, conducted by the Canadian Aboriginal Minority Supplier Council (CAMSC), involved more than 300 managers and executives in diversity, human resources and purchasing positions. Diversity was identified as a component of the overall business strategy by 90 per cent of respondents, and 94 per cent said they understood the benefits of a diverse workforce.
Even so, 78 per cent said they need more external resources to identify capable minority suppliers; and 63 per cent said help is needed to cultivate a diverse staff.
“A diverse team is a stronger team,” said Orrin Benn, president of CAMSC. “Integrating aboriginal and minority-owned businesses into the workforce and supply chain of corporations makes for a more competitive Canada in the global economy.”
The report showed a top priority for businesses is attracting minorities and maximizing their talents, especially in executive and leadership positions. In terms of sourcing, 85 per cent of respondents said they support including diversity as a purchasing criteria for government business. One solution identified by CAMSC is requiring information on diversity initiatives on government requests for proposals.