Human resources management software and services provider ADP announced plans to introduce Diversity, Equity, and Inclusion (DEI) Benchmarks, aimed at enabling companies to compare DEI metrics against similar companies and local populations, utilizing live HR and compensation data from ADP’s workforce dataset.
The new benchmarks follow the launch earlier this year by ADP of DEI Dashboard, aimed at enabling companies to analyze the Diversity, Equity and Inclusion aspects of their businesses and to set, track and expand their DEI goals. The benchmark feature will be integrated into DEI Dashboard, which forms part of ADP’s people analytics solution, ADP DataCloud.
Workforce, management and board-level diversity have increasingly come into focus as a key sustainability issue at companies and several major investors announced initiatives to ramp up pressure for businesses to take action on DEI issues. Tracking and managing DEI, however, can be a challenge for many companies.
Jack Berkowitz, Chief Data Officer for ADP, said:
“Until now, it’s been difficult for companies to compare their DEI metrics to those of similar companies. With ADP’s new diversity benchmarking data, they can examine trends across industries, geographies, organization sizes, and worker demographics, and make decisions that will have the greatest impact. ADP’s comprehensive DEI offering pairs these insights with guided action and strategic dashboards to help companies track progress and achieve their goals.”
According to ADP, the new DEI Benchmarks bolsters ADP’s full suite of DEI Capabilities. The robust toolset addresses key DEI challenges for HR leaders including surfacing DEI diversity insights, enabling local action, creating an inclusive culture, and making change stick.
Bob Lockett, Chief Diversity and Talent Officer for ADP, said:
“As organizations take a fresh look at their DEI efforts, they need transparency into their people data to inform the actions they take and in turn, the difference they make. Approaching what is an incredibly emotionally driven issue with a mindset primed for problem-solving can help businesses better define the gaps they need to close. Blending this scientific approach with the art of communication and culture-building can drive true change and lay the foundation for a more inclusive and equitable world of work.”