Measuring Diversity for Success Bruce Kile Senior Vice
Measuring Diversity for Success Bruce Kile Senior Vice President Workforce Compliance and Diversity © People. Fluent 2015
Agenda • Why diversity matters • The Industry perspective on measuring diversity • Steps to measure diversity for success 3. Next steps to Measuring Diversity 2. The Industry perspective on measuring diversity measure diversity for success 1. Why diversity © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015 matters for Success
About the Survey • May 2015 (survey date) • 420 respondents • 24% have an advanced diversity function © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Moving Beyond Compliancebased goals Diversity Goals © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015 Enterprise Goals
Show of Hands How many of you are currently leveraging diversity metrics to support organizational goals? © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Challenges of Successful D&I Program © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
After Defining Measurement Goals • Strategic diversity initiative • Metrics to track • How to use information • Accountability © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Organizational Diversity Maturity Beginner Undevelope d 23% Intermediate 30% Advanced/Vanguard 24% Goals Measurement © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Top D&I Strategic Goals • Creating an inclusive company culture (74%) • Increasing employee engagement (64%) • Helping the company become an employer of choice (61%) © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
What are the Barriers to Increasing the Effectiveness of Strategic Diversity in Your Organization? © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
What are the Barriers to Increasing the Effectiveness of Strategic Diversity in Your Organization? © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Steps to a Strategic Measurement Plan Craft a strategic measurement plan that addresses organizational goals © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Steps to a Strategic Measurement Plan Start comparing the current and desired state as it relates to diversity and inclusion © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Partnering with Vendors Our organization uses these diversity resources 64% 47% 36% 39% 36% 21% 45% 30% 27% 12% Vendors In-house Measurement Experts © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015 Average Undeveloped Beginning Intermediate Advanced
D&I Strategy by Maturity Level We track demographics through an integrated HR system 40. 0% 33. 8% We have in-house measurement expertise available 30. 0% 11. 6% We have used metrics to make the case for culture change 5. 9% We use incentives for D&I goal accountability Advanced Intermediate 4. 0% 0. 0% Beginning © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015 46. 5% 17. 3% We connect D&I investment to business 4. 0% outcomes 0. 0% 45. 0% 27. 8% 19. 0% Undeveloped 64. 7% 54. 9% 64. 4% 61. 5% 55. 7%
Types of Measurements We use these metrics to measure the impact of diversity and inclusion 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 70% 84% 83% 63% 47% 22% Advanced workforce Basic workforce demographics (gender, ethnicity) (veteran status, disability, LGBT) Undeveloped 70% 22% Average 84% 47% Advanced 83% 63% 58% 50% 22% 63% 47% 13% 58% 48% 21% Recruiting outcomes Work environment (employee engagement) Employee retention 22% 50% 58% 13% 47% 63% 21% 48% 58% © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Effectively Manage Diversity Metrics © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
The Research Shows … • Measuring multiple metrics • Integrated HR system • Strategic vendor plan • Driving accountability © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Next Steps Measuring Diversity for Success Leverage metrics to engage workforce Share meaningful insight to further D&I initiative Identify the right internal and external resources to efficiently produce results Identify those diversity metrics that effect change within talent management Understand the maturity level of your existing D&I program © 2015 People. Fluent | Confidential Measuring Diversity for Success| Oct. 27, 2015
Thank You Find People. Fluent on… Twitter: twitter. com/peoplefluent Linked. In: linkedin. com/company/peoplefluent Facebook: facebook. com/peoplefluent Blog: peoplefluent. com/resources/peoplefluent-blog For more information: 800 -782 -1818 eeosales@peoplefluent. com DISCLAIMER: The information provided in this presentation is for educational and informational purposes only. It does not constitute legal advice or legal opinions. People. Fluent makes no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained herein. Nothing that is provided in this presentation should be used as a substitute for the advice of legal counsel. © 2015 People. Fluent | Confidential Talent Insights. Business Outcomes. TM TM
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