Benchmarking your organisation’s progress against industry competitors and/or with the labour market overall will help you assess the current state of diversity management in your organisation and set future state aspirations.
Benchmarks commonly take the form of policies, processes and outcomes. To illustrate, consider the diversity management area of work-life:
- Policy benchmarks could include paid parental leave, part-time and job share, keep in touch programs, or referral services (e.g. elder care or child care);
- Process benchmarks could refer to leadership engagement, capability, communication, accountability or evaluation;
- Outcome benchmarks could include parental leave return rates, employee engagement measures, or percentage of managers who are part-time.