Enhancing Staff Diversity in Your Trading Company

Nowadays, companies are encouraged to diversify their workforces. Yet it is very easy for a trading company to end up failing on this particular account (of staff diversity). It is very easy to end up with a trading company where all workers are men, specifically middle-aged men. Or, in another case, it is very easy to end up with a trading company where all workers are of a certain race or where all staff members subscribe to a certain religion. Embracing staff diversity is clearly not always easy. But it is critical: for some studies that have shown that companies with a good mix of staff (in terms of diversity) tend to perform better and are more resilient than companies that are poor in terms of staff diversity.

There are some companies that strictly prefer to hire people who fit a certain rather (thin) profile. If you ask them why don’t hire people from other groups, they give all manner of excuses. Some will tell you that people from those other groups are ‘unfocused’, ‘lazy’, ‘irresponsible’… and so on. A HR manager once told me that she stopped hiring people from a certain group when she found out that one employee from that group was spending all his work-time watching fxnetworks series. It alarmed me that an entire group of people was suffering discrimination due to the sins of just one individual. But such is the thinking of bigots.

Enhancing staff diversity in your trading company shouldn’t be too hard, if you really want to do it. It is just a question of looking at your current workforce, and asking yourself how it can be diversified. This may be a question of trying to figure out which other groups of people (in terms of gender, race, age and so on) you need to include, to have a more diversified workforce. Then the next step would be to simply ensure that you hire more people from those groups, in order to attain the desired diversity. Remember, you don’t have to compromise on qualifications or competencies, to get a more diversified workforce. If you search hard enough, you can get people from all backgrounds who have the requisite qualifications and competencies for the various roles in your trading company.

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