Are you looking to improve diversity, equity, and inclusion at your company? That’s great! But where do you start? We provided you with a good place to start earlier this week with 5 Helpful DEI Analysis Tips!
However, the journey does not stop there, so we are back with 5 MORE tips to help you improve DEI analysis strategies at your organization!
1. Find Out How Your Company Compares with Its Competition
Competitive analysis is essential because it gives you a clear picture of where your company stands compared to others in your industry — a valuable resource when making strategic decisions about how best to approach DEI initiatives.
By looking at other companies’ websites and social media accounts, you’ll learn what they’re doing well (and not so well) when it comes to DEI initiatives; this information can then be used as inspiration for setting up similar programs in your own company.
2. Study Your Workforce
Consider how you can use data analytics to study your current workforce. This consideration will help you understand where there are gaps in representation of minority groups, as well as where there might be a lack of diversity with respect to age or educational attainment.
By studying your workforce, you can determine what types of programs might be needed for underrepresented groups in order for them to feel more comfortable being a part of your organization.
You may also consider using data analytics to identify what types of employees are leaving your company and why they are leaving so that you can take steps towards improving retention (such as offering better benefits).
3. Identify Where Your Organization Is Lacking
The first step in any successful project is to identify the problem that needs fixing and determine what data needs to be gathered. For example, if you want to improve employee engagement, you might want to ask questions like, “Why are so many employees leaving?” or “What would make employees want to stay longer?”
Know what you want so that you can build a strategy around it. If your goal is to increase diversity in leadership roles, then start by identifying where there are gaps in representation among managers and executives at different levels in your organization.
Maybe women are being promoted at a slower rate than men, or maybe the problem is they’re not being hired as often in general.
4. Understand the Data
Data is a great resource, but it’s not the only resource. Before you start to analyze it, you need to understand what it is and where it comes from. Is it accurate? How does it relate to other data sets? Do you have all of the data you need?
If your business has been around for a while, there’s a good chance that some employees have been around for a while as well, and they’ve collected years of work experience and knowledge along with their paychecks. That’s valuable information that could be used to improve DEI analysis in the workplace.
5. Create an Inclusive Culture
In order for a DEI analysis to be successful at your company (and for all of these 10 tips to work together), everyone needs to feel comfortable taking part in it. This means creating an inclusive culture where employees feel safe sharing their ideas.
One way to do this is through training workshops that teach people about unconscious bias and how it affects decision-making processes at work.
The Perfect Platform
For a business trying to decide whether to implement compensation management software, the most critical aspect is to have a clear understanding of its goals. What it hopes to accomplish by using the tool is paramount. Therefore, it should determine what it specifically needs the software for and then research which platforms are best suited to those needs.
Fully-customized and implemented CRM systems can be a great solution for businesses that need more than what a basic CRM like Salesforce or Microsoft Dynamics can offer.
Decusoft offers a turnkey solution that’ll get you up and running quickly while giving you the power to develop your solutions at your own pace. With complete solutions for small, mid-sized, and large businesses, Decusoft can help you optimize your workforce and compensation plans. Get started with Compose Analytics today!
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