New alliance supports growing push for corporate diversity through a set of Key Performance Indicators to Measure and Improve Diversity
Baker McKenzie is one of 56 companies and organizations who have joined Catalyst's Gender and Diversity KPI Alliance (GDKA) to support the adoption and use of a set of key performance indicators (KPIs) that will measure gender and diversity.
As a GDKA signatory we have committed to using or working to implement three key performance indicators to assist in evaluating diversity:
• Percentage of representation on an organization’s board
• Percentage of representation by employee category
• Pay equality: the ratio of compensation by employee category (e.g., equal pay for equal work)
The KPIs focus on the pipeline of women and underrepresented groups moving through the organization, which will help us better track our progress.
Anna Brown, Director of Global Diversity & Inclusion commented: "We are delighted to be a signatory as this initiative is in line with the existing global gender aspirational targets we have implemented and our race/ethnicity aspirational targets in certain jurisdictions. We understand the importance of using metrics to measure progress, and signing on to the GDKA is a further demonstration of this commitment."
Fiona Carlin, Chief Executive of Baker McKenzie's EMEA+ region who serves as Chair of the European Advisory Board of Catalyst, added, "We are very pleased to join this initiative along with many of our clients and friends, who share our commitment to diversity, equity and inclusion, and delivering on that commitment by setting measurable, data-focused goals."
Catalyst President and CEO Lorraine Hariton said, “Measurement is a critical component of creating an environment of diversity, equity, and inclusion in workplaces that allow all employees to thrive. You cannot improve what you cannot measure. By committing to measuring diversity using these KPIs, corporate leaders are taking the steps necessary to drive change. These companies serve as role models for others, demonstrating that leadership and accountability start at the top.”