DIVERSITYDATAGUIDE2024GuidanceonthecollectionanduseofdatatoenhanceworkforceEDIJuly20243DIVERSITYDATAGUIDECONTENTSIAFORWARD04PwCINTRODUCTION05BACKGROUND:THEEVOLVINGREGULATORYLANDSCAPE06SECTION1:IMPROVINGTHEQUALITYOFYOURDATA08IMPROVINGENGAGEMENTANDBUILDINGTRUSTSECTION2:USINGDIVERSITYDATATODEVELOPEDISTRATEGIES,INTERVENTIONSANDTARGETS12EMPLOYEELIFECYCLEANALYSISINCLUSIONANDCULTUREANALYTICSDETERMININGSTRATEGIESANDINTERVENTIONSHOWTOSETDIVERSITYTARGETSSECTION3:MONITORINGEDI:MANAGINGRISKSANDBUILDINGACCOUNTABILITY15WHATAREEDIRISKS?ACCOUNTABILITYANDGOVERNANCEFOREDICONCLUSION17THEINVESTMENTASSOCIATION4IAFORWARDCultivatingarobustworkplacecultureisanindustrypriority,giventhedirectlinkbetweenhealthyculturesandpositivebusinessoutcomes.Inrecentyears,firmshaveevolvedtheirapproachtoequity,diversityandinclusion(EDI)drivenbyincreasedcustomerexpectations,societalchangesandemergingregulatorymandatesfromgovernmentandregulators.Asaresult,thereisastrongeremphasisondiversitydatacollection,enablingfirmstogaindeeperinsightsintotheirworkforcecompositionandaccuratelyreportonit.Firms,fromlargemultinationalstosmallerboutiques,areseekingtoimprovetheintegrityandqualityoftheirdiversitydatatoensureitaccuratelyreflectstheirworkforce.Thisfocusallowsformeaningfulanalysistoinformstrategies,interventionsandprocesses,aswellastotrackprogressovertime.Ac...
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