Extremely high demand for diverse talent has never been greater, becoming acutely competitive in the aftermath of George Floyd’s murder. Since May of 2020, we have observed a marked increase in diverse board appointments as well as mandates for searches that deliver not only a diverse candidate pool but also a diverse candidate placement outcome. Our clients are doubling down on this trend because they are motivated and driven to re-establish trust within the communities they serve by placing executive leadership that is representative of its demographics.
These trends have contributed to a particularly strong market for diverse leader candidates. In fact, many diverse leaders are weighing two to four offers at one time, even before we call them about one of our retained searches. With this increased demand, there is considerably more pressure on search firms to deliver the desired diverse talent and to do so in a more efficient and timely manner.