The one piece of data your company needs to track to improve diversity efforts

“Digging into attrition data can uncover problems you might miss on the surface. For instance, if Black employees leave in droves in year two of employment at your company, you have a problem.”

share this post

Share on facebook
Share on linkedin
Share on twitter
Share on email

“Digging into attrition data can uncover problems you might miss on the surface. For instance, if Black employees leave in droves in year two of employment at your company, you have a problem.”

When measuring a company’s DEI status, leaders tend to look at familiar analytics such as salaries, hiring rates, and racial composition. One metric that is often overlooked is attrition – the rate at which employees are leaving a company. Even companies with robust DEI initiatives can face a frustrating loop of hiring diverse talent, losing employees, and beginning the talent acquisition process over again. Significant disparities in attrition data between groups can be red flags for underlying issues within a company. 

If attrition data is closely monitored, leaders can better understand what areas of their company might be turning employees off. Advancement opportunities, representation within leadership, and the willingness of executives to listen are just a few factors that can directly influence attrition rates.

It is imperative for leaders to understand, track, and respond to measurements such as attrition rates. Reach out to the ideascape team to find out how we can assist you with leveraging your company’s data to address gaps in DEI.

link to article

more from our team

Boards Need Real Diversity, Not Tokenism

“Too often, we limit our understanding of diversity to identity-based differences. When we do this, we overlook diversity’s true force: the unique and varied expertise and experiences that, when integrated, drive problem-solving, improve decision-making, and expand our creative potential.

here for you and your team.

Schedule a call with us to learn more about how we work with clients.