How to leverage diversity insights to drive real business results
Why Diversity Matters
A diverse workforce is one that employs people of different ages, races, genders, languages, and cultural backgrounds.
Businesses with above-average diversity on their management teams report 19% higher revenues from innovative products and services than those with less diverse leadership.
This is the first step in achieving diversity goals that drive real results.
A diversity assessment is the first step to identifying the gender and ethnicity distribution across your organization. Simply feed employee names and locations into our “AI Diversity Assessment” platform. CEIPAL will process that information and create an easy-to-read graphical report on your gender and diversity distribution.
The Technology Behind Our “AI Diversity Assessment” Algorithm
Our mission is to make sense of organizational inclusion and diversity in the fastest, easiest, and most non-intrusive way possible. Our algorithm delivers accurate insights using just the names (first and last) and location of your employees.
CEIPAL’s advanced technology utilizes sociolinguistics to extract semantics and our proprietary AI algorithm is trained with over five million data sets. This enables our technology to recognize the linguistic or cultural origin of names in any alphabet or language with the highest possible degree of accuracy to identify the gender and ethnicity of each member of your workforce.
In short, CEIPAL technology accurately measures the gender, racial, and ethnic distribution of any organization to deliver actionable DEI (Diversity, Equity, & Inclusion) goals.
Companies in the top quartile for gender diversity are 15% more likely to have financial returns greater than their respective national industry medians.
Estimated accuracy: ~70%
2. Ethnic Diversity
Companies with racial and ethnic diversity are 35% more likely to perform at a higher level than their less diverse peers. These organizations also have significantly increased ROI. Additionally, 43% of companies with diverse management exhibit higher profits than organizations with less diverse management teams.
An example report of female workforce diversity
3. Female Workforce Diversity
This diagram demonstrates why diversification among women in an organization’s workforce is important. A company with broad ethnic diversification among the females in its workforce is much more likely to achieve its diversity and inclusion goals.
4. Male Workforce Diversity
Similarly, this diagram shows why diversification among the men in an organizational workforce is important. Companies with broad ethnic diversification in this category have much easier time achieving proper levels of inclusion and diversity. In this scenario, much can be done to improve Hispanic participation among men to improve ethnic diversity.
5. Supplier Performance By Gender
The sourcing of talent from suppliers is an important part of the equation when it comes to building Temp and FTE workforces for an organization. It is critical that your supplier candidate pool is appropriately populated with diverse talent. It is your responsibility to measure and reward suppliers who are a source of diverse gender talent.
6. Supplier Performance By Ethnicity
Similar to gender, you’re able to identify your most valuable “Diversity by Ethnicity” suppliers and reward them appropriately.
While employee names and locations can tell you a great deal about your diversity and gender spread, two additional inputs can deliver even more key insights. Simply provide CEIPAL with employee job titles and wages and our algorithms will display wage and job-role disparities within your organization.
CEIPAL’s algorithms can instantly measure any existing wage disparities among men and women employees.
8. Wage Disparity By Ethnicity
Our algorithms can also identify any wage disparity among various ethnic group members.
9. Equity Disparity by Gender
CEIPAL’s algorithm is even capable of measuring the gender distribution within each job category.
10. Equity Disparity By Ethnicity
Equity disparity is a problem that can be easily measured by our algorithm, which accurately shows the percentage of any ethnic group within any job category of any organization.
By simply providing very basic information to our powerful technology, you can analyze your entire talent pool and make better hiring decisions that will improve your Diversity, Equity, and Inclusion efforts. From verifying workforce makeup to analyzing supplier diversity performance, CEIPAL can help you reach your diversity goals.
Assess – Plan – Implement
Sign up for a free DEI demo today
Sign up for a free DEI demo. Get an understanding of how to to use AI technology to meet your DEI goals.