Most Companies Dont Measure the Bottom-Line Impact of Diversity Programs
Summary
“Defining ‘diversity and inclusion’ is a primary challenge for organizations to ‘move the needle.’ If you cannot agree on what diversity is, how do you create a strategy?” asks i4cp’s Mary Ann Downey.When it comes to measuring the success of their programs, organizations at all performance levels agree that retention and engagement top the list.When reviewing diversity metrics, companies at all levels tend to rely on the previous year’s results for comparison purposes.With more than 40 years of experience and the industry’s largest team of human capital analysts, i4cp is the definitive destination for organizations seeking innovative ways to improve workforce productivity.In higher-performing organizations, 76% said they do not calculate a return on their diversity investments, while 80% of lower performers don’t measure ROI.Diversity strategy, however, is a widely recognized topic, particularly among larger companies.