- Om Payr
- Om Payr
Let's be honest. We all want to build kick-ass products and we want revenue growth to skyrocket through the ceiling. But did you know that a key to success is diversity? In the spirit of the International Women's Day we want to share with you how we work with increasing diversity in Payr, and how this has taken us to 40% women and 7 nationalities.(Nope, we are not satisfied before we hit 50%, but still not too bad for a financial tech company).
But first things first; the reason why we focus on diversity (and why your company should too):
We design for human experiences and needs. And by human we mean everyone, regardless of gender, ethnicity, education, sexual orientation and religious/ political belief. That can't be done with a homogenous team consisting of mainly white men between 35-45 who all thinks and behaves pretty much the same. If you instead hire a diverse team you will get minds that see things from different perspectives and comes up with different ways of solving problems, and creates great products that suits a wide range of people.
And really, it makes sense business-wise. Studies have shown that your company is 21% more likely to achieve high profitability with a gender balanced management team, and 33% more likely with a multicultural management team. What's not to like?
In Payr attracting and hiring a diverse team has been in focus since the start, and over the years we have tried, failed and gathered some best practices for how to hire for success. Please(!) feel free to get inspired and implement these practices in your company too:
Of course recruiting for a diverse workforce is the easy part. Keeping a diverse workforce will often be the real challenge.
The cue is to work hard to create an inclusive work environment; Do you have people on your team who doesn't speak Norwegian? Well, make it required to speak English in the office, so everyone can throw in a joke. People who doesn't drink alcohol? Bring non-alcoholic drinks to the office party.
Can it be challenging? Yes. Is it worth focusing on? Absolutely! In Payr our very diverse team of humans and robots, men, women, Turkish, Vietnamese, Indian, Polish, Israeli, Latvian and Norwegian employees create innovative solutions that has put Payr among the most innovative fintech companies in the world. That would not have happened had Payr not been such a diverse team.
Photo by Noor Dawod Photography