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2023 - How to Use a 7-Step Template to Calculate Diversity ROI



VenueOnline Event, USA - United States USA - United States

KeywordsHow to Use a 7-Step Template; Calculate Diversity ROI; Calculating costs benefits


Topics/Call fo Papers

The Hubbard & Hubbard. Inc. DROItm Performance Analysis Tool is a systematic performance analysis process that assists the user in analyzing the impact of their Diversity, Equity, and Inclusion initiatives in financial and other terms. Calculating Diversity's return on investment (DROItm) requires asking key questions and performing key tasks along the way.
The approach needs to help take practitioners beyond focusing on the number of activities they hold to focusing on outcomes and impact, the attendees are provided with a practical tool that guides them through a process that demonstrates that their initiatives are having an impact.
Calculating Diversity's return on investment can be challenging even for experienced diversity and HR professionals.
To achieve a successful result, measuring diversity return on investment (DROI) requires a systematic approach that takes into account both costs and benefits. A step-by-step approach can keep the process manageable so users can tackle one issue at a time
By the end of this workshop, you will be able to address the major aspects of Diversity measurement such as:
Knowing what you want to know by identifying critical measurement objectives
Collecting data and analyzing them
Isolating Diversity's contribution
Converting the contribution to money
Calculating the costs and benefits
Reporting it to others
Tracking and assessing progress
Chief Diversity Officers
Diversity and Inclusion Professionals
HR Professionals
Talent Management Professionals

Last modified: 2023-02-21 17:36:19