'Real' Metrics can Increase Workplace Diversity
- Steven Francis
- Feb 22, 2023
- 1 min read
Fortune.com - 12/7/21 - https://fortune.com/2021/12/07/metrics-diversity-inclusion-workplace-careers-joan-williams/
CEOs are frustrated, and CFOs even more so. Companies have been spending some $8 billion a year on diversity, equity, and inclusion (DEI)—and see remarkably few results. Many corporate diversity efforts have failed because they are using ineffective tools. Most companies hold sincere 'conversations' around the need for DEI, but conversation is not an effective organizational change strategy. Inclusive Viewpoint: New research shows that simple, evidence-based tweaks, along with metrics to establish baselines and measure progress, can make significant DEI gains in short order. Companies use evidence-based metrics to address all other business issues, so why aren't metrics used more to address DEI?
Focusing on "real" metrics rather than surface-level quotas can be a game-changer for workplace diversity. By measuring meaningful factors such as employee retention, promotion rates across demographics, pay equity, and inclusion in leadership roles organizations gain a clearer picture of whether their diversity initiatives are truly effective. These deeper insights go beyond simply tracking hiring numbers, helping markos alex winter jacket address systemic gaps, create fairer opportunities, and foster a culture where diverse talent feels valued and supported. In turn, real metrics not only strengthen workplace equity but also drive innovation, collaboration, and long-term success.
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