In order to build an effective equality, diversity and inclusion business case, it is important to know the cost of your current performance in this area. We see the most significant costs as being:
The rate at which staff leave the company
Employee engagement (or disengagement)
Legal costs associated with discrimination and other people issues
The lack of innovation amongst employees
The inefficiency of the recruitment process
Find out how much your company could save by improving your EDI activities
So many organisations often rush headfirst into equality, diversity and inclusion activities such as training days, recruitment drives, awareness sessions and marketing campaigns, with little thought to the measurement of impact.
How are you currently measuring the impact of your outreach projects? Perhaps you have seen an increase in diversity and inclusion within your organisation – but are struggling to understand what the measurable impact has been on staff engagement or retention?
It all begins with the data, without this you won’t know how well or not so well your organisation is currently performing in terms of EDI. Maybe you are having issues with low disclosure rates when it comes to EDI data, but are unsure how to increase this? When EDI data is captured and interpreted effectively, it can be used to support the business case for EDI – which means a stronger case for budget increase for EDI projects and activations.
The Equal Group provides end to end EDI Audits to help organisations identify areas where they can make sustainable and incremental improvements in terms of equality, diversity and inclusion. We highly recommend your organisation to do the EDI Audit before you proceed with any EDI initiatives. The audit will guide your organisation on how to allocate your resources and what EDI strategies to implement in order to reap all the advantages that come from embracing EDI. Our EDI Audit is the very first step to embracing equality, diversity and inclusion in your organisation.
