Effective Inclusion and Engagement metrics are critical to achieving the desired outcomes while saving time and resources.
- Employee Demographics data tracks the percentage of employees from various groups, such as women, people of color, and LGBTQIA+ individuals. When it comes to identifying gaps and opportunities, demographics can quickly focus your efforts to show return on investment. Studies show that organizations that collect in-depth workplace demographic data are better equipped to build an inclusive culture than those that don’t.
- Employee Retention metrics measure the percentage of employees who remain with the organization over time. This data can help identify whether the workplace culture initiatives are successful in creating an environment where employees want to stay. Specifically voluntary termination and opt-out data are often needed to pinpoint the underlying root causes and develop corrective actions to improve retention of top talent.
- Employee Engagement and job satisfaction levels help organizations identify whether their efforts are successful in not only retaining, but also engaging employees. This data is often collected via employee surveys, but real-time insights into employee experience can also be gained by creating a safe digital space where employees can engage at any time. Anonymity is key when selecting such tools.
- Promotion metrics are valuable in tracking the gap in percentage of employees from various groups who are promoted to leadership positions compared to the overall workforce, and as compared with their performance ratings. This data can help organizations identify whether their initiatives are successful in promoting all employees equitably and can be a predictor of potential downstream retention issues.
- New Hire data is important to ensure the organization is inclusive of various groups throughout the hiring pipeline. With this data, organizations are able to identify whether their recruitment efforts are successful in attracting and successfully hiring talent from various communities.
