Abstract
Diversity & Inclusion (D&I) is a topic of increasing relevance across virtually all sectors of our society, with the potential for significant impact on corporations and more broadly on our economy and our society. In spite of the value of human capital, Human Resources in general and D&I in particular are dominated by qualitative approaches. We introduce an agent-based simulation that can quantify the impact of D&I on corporate performance. We show that the simulation provides a compelling explanation of the impact of hiring and promotion biases on corporate gender balance, and it replicates the patterns of gender imbalance found in various industry sectors. These results suggest that agent-based simulations are a promising approach to managing the complexity of D&I in corporate settings.
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Notes
- 1.
The promotion-bias parameter can be positive or negative to simulate biases that favor men or women, respectively.
- 2.
Smaller pool sizes coupled with non-zero promotion biases tend to create cyclical behaviors which do not influence the overall results but create some unnatural dynamics.
- 3.
To ensure reproducibility, we have the ability to select the seed for the random number generator.
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Zhang, C., Gaudiano, P. (2020). An Agent-Based Simulation of Corporate Gender Biases. In: Arai, K., Bhatia, R., Kapoor, S. (eds) Proceedings of the Future Technologies Conference (FTC) 2019. FTC 2019. Advances in Intelligent Systems and Computing, vol 1069. Springer, Cham. https://doi.org/10.1007/978-3-030-32520-6_9
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