The Diversity Representation offering provides a number of different metrics to users who want to know about ethnicity, gender, and the movement of talent within an organization. These metrics are based solely on data from the Radford Global Compensation Database (RGCD), and when used in conjunction with the available filters, allow users to benchmark their organization against companies of similar headcount or industry.
Diversity Representation data is pulled from submissions with consistent data from both the previous and current year, as well as submissions that included gender. These full census submissions allow for comparison between these two years, providing insights around the following metrics:
- Promotion Rate: This compares current year to previous year, noting where employees moved from one job level to another. Example: a human resources professional that moved from a P1 to P2.
- Note that a person who was promoted to a new area (both a promotion and a transfer) will only be counted in the promotion rate.
- Turnover Rate: This compares current year to previous year, noting where an employee existed in the previous year, does not exist in the current year. Example: employee #0012 is listed in previous year, but #0012 does not show up in current year.
- Note that this does NOT track whether the turnover was voluntary or involuntary, simply that turnover occurred.
- New Hire Rate: This compares current year to previous year, noting where an employee existed in the current year, does not exist in the previous year. Example: employee #5005 is listed in current year, but emp#5005 does not exist in previous year.
- Lateral Transfer Rate: This compares current year to previous year, noting where an employee existed in the previous year and exists in the current year, but in a different job FUNCTION.
- Note that a person who was promoted to a new area (both a promotion and a transfer) will only be counted in the promotion rate.
The Diversity Representation tool does NOT compare the user's company to the overall database.