DATA DRIVEN DEI
Cygnus A.D. Management Consulting LLP
"Steering the best to where they belong."
What is a Data Driven DEI Decision?
1.What is important to measure?
2.Allows you to track progress
3.Brings Credibility
Types of DATA Driven DEI Metrics
1.Qualitative?
2.Quantitative
Qualitative data focus on Primary and Secondary Data
Quantitative data focus on Comments , Feedback and Focus Group .
Secondary Data focuses on External Publishing ,Crowdsourcing Web and Whitepapers.
Advantages of DATA Driven DEI Metrics
Increase Accountability
Data-driven decision making increases accountability. “When everybody can see how their individual decisions connect to a strategy, it helps change the way organizations think about accountability in DEI, revenue, changes in the workforce”.
Better Efficiency
The High Impact People Analytics report found that high-performing organizations put people analytics tools in the hands of leaders, managers, and workers at all levels. “It is not easy for an organization to differentiate themselves on product and service alone.
Alignment on Company Wide Goals
If your company’s goal is to improve diversity, equity, and inclusion, it will be more valuable for every department to know how they fit in and if the company is paying equitably based on demographics.
Transparency
Transparency in business is the basis for trust between a company and its shareholders, clients, investors, and employees.
A sense of ownership at Every Level
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Putting people analytics tools into the hands of managers at all levels not only increases transparency and accountability, it also aligns everyone in the organization to a single point of truth, while building trust in the data.
Disadvantages of Data Driven DEI Metrics
1.Low Quality Data
Poor quality of data can lead to discrimination for different sections of the society such that can lead to poor representation of members in the organization.
?2.Leads to Impossible Misinterpretation
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????Data doesn’t lie, but it can mislead when it doesn’t show the complete story. If you don’t have the full context, you could make inaccurate decisions based off assumptions. You could end up drawing simplistic conclusions from complex scenarios, such as crediting a single initiative with an increase in sales, when many factors may have influenced the spike.
3.Elicit Blind Trust
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?A data-driven corporate culture can lead employees to overly doubt their own judgment and experience.
Ways? of Data Driven DEI Decision
1.Form a working group with key stakeholders
?????Leadership: Organizational commitment to DEI needs to start at the top. Senior management must be fully aware of the DEI data-gathering process and be represented in any communications to employees. Leadership’s backing is also necessary to allocate resources and show solidarity with HR in overcoming possible challenges.
2.Identify legal and business considerations
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3.Create a DEI data communications strategy
The crucial elements of a DEI data communications strategy include:
Way Forward