Retention and turnover data with respect to diversity refers to information and statistics related to the rate at which employees from different demographic groups join or leave an organisation over a given period of time. This data is used to understand the level of diversity within an organisation and to assess whether there are any disparities in the retention and turnover rates among employees from different backgrounds.
Retention data typically includes information on the number and percentage of employees from various demographic groups who remain with the organisation for a specified duration, such as one year, two years, or longer. It helps measure the organisation's ability to retain diverse talent and identify any patterns or trends that may indicate challenges in retaining employees from certain groups.
Turnover data, on the other hand, focuses on the number and percentage of employees who voluntarily or involuntarily leave the organisation within a specific time frame. This data should be broken down by demographic factors. By analysing turnover rates across different demographic groups, organisations can identify potential issues or disparities that may be contributing to higher turnover among employees from certain backgrounds.
Analysing retention and turnover data through a diversity lens allows organisations to assess the inclusiveness and equity of their workforce. It helps identify areas where improvements can be made in terms of creating an inclusive environment, addressing potential biases, promoting diversity, and reducing turnover rates among underrepresented groups.
Learn more about how Acolyte can help solve diversity challenges with our Talent Diagnostics solution https://www.acolytegroup.co.uk/solutions/talent-diagnostics