Enhancing Gender Diversity and Driving Efficiency

SBI Capital Securities, a leading financial services firm based in India, specializes in providing a wide range of services including investment banking, asset management, and securities broking. The firm is committed to maintaining a diverse and inclusive workplace, particularly in the male-dominated BFSI (Banking, Financial Services, and Insurance) sector.

1. Decentralized Hiring Processes: The firm utilized multiple vendors to cater to its hiring needs across various regions, leading to inefficiencies and delays.
2. Time Zone and Shift Management: Managing hiring across different time zones and rotational shifts posed significant challenges, further complicating the recruitment process.
3. Diversity Maintenance: In the male-dominated BFSI sector, maintaining a balanced gender diversity ratio was particularly difficult. This not only impacted the firm’s commitment to diversity but also increased the turnaround time for hiring.

Centralized Hiring Platform

• AI-Powered Recruitment: The firm implemented an AI-driven recruitment platform to centralize hiring processes. This streamlined candidate sourcing, screening, and selection, reducing the reliance on multiple vendors.
• Automated Scheduling: AI was used to manage interview schedules across different time zones and shifts, ensuring efficient candidate accommodation.

Diversity and Inclusion Initiatives

• Bias-Free Screening: Cognitive solutions were employed to eliminate unconscious biases in the screening process. AI algorithms were trained to focus on skills and qualifications rather than demographic factors.
• Diverse Candidate Sourcing: The recruitment agency leveraged AI to identify and attract a diverse pool of candidates, targeting underrepresented groups and ensuring a balanced gender ratio in the candidate pipeline.

Efficiency and Turnaround Time

• Predictive Analytics: Predictive analytics were implemented to forecast hiring needs and optimize the recruitment process, reducing the turnaround time and improving overall efficiency.
• Performance Tracking: AI was used to track the performance of new hires, ensuring that diversity initiatives contributed positively to the organization’s performance.

1. Improved Efficiency: Centralized hiring processes and AI-driven scheduling significantly reduced the time and resources required for recruitment.
2. Enhanced Diversity: Bias-free screening and targeted candidate sourcing helped achieve a balanced gender diversity ratio, fostering a more inclusive workplace.
3. Better Performance: Predictive analytics and performance tracking ensured that new hires were well-suited to their roles, contributing to the overall success of SBI Capital Securities.

Conclusion