Looking for metrics outside of the company help to widen the story even further. Using metrics will help you find a starting point in your organization’s journey and will help your managers stear in the right direction. Global Diversity & Inclusion Benchmarks. Business Leaders on Employee Diversity and Inclusion. More recently, in September 2020, the World Economic Forum (WEF) released a set of ‘stakeholder capitalism metrics’, designed to assist in the benchmarking of sustainable business performance. By assessing each of the five metrics, companies can identify their biggest challenges and their highest-priority goals for gender diversity—whether it be retention or equity in promotion rates. Instead, link demographic data to inclusion data like the Ranked Method questions above.Further, these metrics are difficult to get a true picture of as many are based on self-identification - a company cannot legally require disclosure of these questions in most cases. It is a free downloadable 80-page booklet that can be used by submitting the User Agreement. 91 percent of companies have supplier diversity … Earlier this year I presented with McKendree Hickory at LifeLabs Learning and her presentation was the missing piece to uncovering why diversity metrics don’t work. Lastly, 42 percent of the benchmark companies measure managers for employee satisfaction in regards to Diversity satisfaction. For GMT Office Hours Call +353-1-416-8900, "The 2019 Diversity and Inclusion Benchmarks Report", https://www.researchandmarkets.com/r/t70yd6, Assess your current level of diversity against industry benchmarks, Gain insights into key trends and best practices, Compare your D&I practices against others in a peer set, Understand the impact of various D&I strategies, Hold managers and leaders accountable for outcomes, Secure the support of decision makers or direct reports by making objective, data-based arguments for action, Dedicated D&I function: present vs absent, Section C The Drivers and Barriers Of D&I Outcomes, Section D D&I Function: Structure and Budgets. As organizations and societies strive to create inclusive environments and approaches, a tool such as the GDIB provides important information, guidance, and support. Indicative Topics. Supplier diversity is maturing, becoming more ingrained in every aspect of doing business and recognized as vital to the bottom line. It is a tool for helping organizations determine strategy and measure progress in managing diversity and fostering inclusion. Laura Wood, Senior Press Manager Metrics Diversity Benchmarking HR Function 65 . To assist in benchmarking diversity and inclusion, consider the following: Set and track targets: Your journey needs a destination. That means some of the metrics in this article may not apply while others are right on. Reporting Diversity. In particular, the report highlights that the actual level of diversity in the composition of the management body in institutions differs significantly between Member States, namely Diversity doesn’t make a lot of sense without inclusion: The best talents that don’t feel included will not contribute and won’t’ stay in the organization for a long time. In the long term, this shift provides the benefits what the organization wants. © 2020 Crescendo. Also be aware that too short a time period may look bad, metrics-wise. SUPPLIER DIVERSITY. Demographic D&I metrics should be measured carefully and not used as the sole marker of success in D&I projects. Achieve better business and social outcomes by fostering gender and diversity in employment and leadership. The diversity of employees receiving promotions is Diversity metrics, like AAP analyses, commonly require an organization to identify the appropriate external market that will drive diversity benchmarks. The GDIB helps organizations determine strategy and measure progress in managing diversity and fostering inclusion. While diversity and inclusion can make an impact, stating it was the whole reason for success de-values people who are considered “non-diverse.”This not only kicks up resentment, it’s also not true: diversity wins because of everyone’s perspectives. Compare customer diversity, equity, and track customer experience, inclusion, track. Accurate benchmark to help companies create more inclusive workplaces doing business and social cases diversity. 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