New Research Finds People Analytics Helps Organizations Increase Gender Diversity in Leadership
Visier Value Report finds organizations with people analytics increase female leadership and retention by 4%
VANCOUVER, BC– February 3, 2020 — Visier, the globally recognized leader in people analytics and planning, today released a new research report analyzing Visier customers and their efforts to increase diversity within their organization. The report found that Visier customers increased their overall female leadership ratio by 4%, and improved their female leadership retention rates by 3.7%.
Visier’s key findings show that analytics and dedication to proactive diversity and inclusion programs are helping to increase female leadership retention, improve diversity, and address inclusion inequity in all phases of business operations, processes, and activities.
In the report, Merck KGaA, Darmstadt, Germany shares that using the Visier people analytics platform, they are able to continuously track progress on diversity and inclusion. At the end of 2018, women occupied 32% of leadership roles (manager-level and above) group-wide at the organization, which means that it exceeded its 2021 target of maintaining a 30% representation of women in these positions.
Multiple studies cited in the report found concrete benefit in having a diverse leadership portfolio. McKinsey’s research shows companies in the top quartile for gender diversity on their executive teams are 21% more likely to experience above-average profitability than companies in the fourth quartile. Specific to female leadership, organizations with a high number of women in leadership positions see a 34% total higher return to shareholders than those that do not. And, while not specifically the result of having more women, companies increasing the diversity of their leadership teams experience more and better innovation and improved financial performance–19% higher revenue due to innovation.
The full report findings show that organizations focusing on female participation in management levels and taking corrective actions for improvement see movement towards parity in representation, as well as more inclusion and fairer pay.
The full report can be found here.
Our curiosity, the desire to understand, is inseparable from what it means to be human. But, in the hype of big data analytics, we’ve forgotten that data does not equal knowledge.
Visier was founded to focus on what matters: answering the right business questions, even the ones a person might not know to ask. Questions that shape business strategy, provide the impetus for taking action, and drive better business results.
Visier is dedicated to transforming business analytics, to providing leaders with clear answers to critical business questions — out-of-the-box, without the hassle and cost of data management, statements of work, and long and risky development projects.
Visier lets companies say goodbye to data quality problems, to complexity, to costly tools, to endless service fees, and to guesswork. A people strategy platform designed by domain experts for leaders, Visier lets leaders say hello to clarity, to confidence, to meaningful answers — and to better business performance. Say hello to Visier. Outsmart, outperform.
For more information, visit http://www.visier.com.
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