The many approaches to diversity benchmarking

Updated: May 6, 2020

Across society, there are many different approaches to building diversity awareness and inclusion.

Building understanding of different groups of people, their values, cultural norms and behaviour and language, is an inroad to building awareness around the diversity which surrounds and includes us all.

Nowadays, awareness of diversity and inclusion is far more mainstream within the business community than it once was, but there is still a way to go to.

In the UK, there is still inequality on all levels within organisations. From lack of ethnic minority representation at higher levels within business, low levels of women in the

Boardroom and gender pay inequality, there is still a long way to go for business to be more inclusive.

By benchmarking your performance in diversity, you can increase representation at all levels.

Benchmarking diversity and inclusion is an essential tool that business can use to ensure that they are focused on diversity.

Benchmarking is a continuous process of comparing and contrasting policy, strategy and processes that a business has in place in relation to diversity.

Learning about how businesses within a particular industry achieve excellence in diversity and become highly efficient world class organisations, will help you develop useful ideas for your business.

Benchmarking diversity will help you to acquire knowledge of best practice within your industry and others, which your business can then aim to exceed.

There are various types of benchmarking which will help your business take a hard look at your performance in diversity and how you measure up. We examine some below:

  • Strategic

  • Process

  • Functional

  • Operational

  • Best in class

  • Performance

Strategic Benchmarking

This looks at how other companies compete. What do other companies do in relation to diversity and how does it make them competitive?

Process Benchmarking

By looking at the best practices of other companies, and comparing them to your own, you can gain valuable information about how your business processes can be enhanced for the benefit of your business.

Functional Benchmarking

By looking at a specific function within your business, for example HR or Learning and development, you can improve your overall business performance in relation to diversity.