INTERNATIONAL WATERS
STRATEGY
What is
your Rainbow Score? Use this simple calculation to realise the success of diversity and inclusion initiatives. By Murad Salman Mirza
T
here is an increasing trend among progressive organisations to invest in productive Diversity and Inclusion measures that can provide a competitive edge in an unforgiving business environment. However, these well-meaning initiatives often fall prey to an imbalance between Diversity and Inclusion initiatives, which dilutes any benefits accrued from engaging in such endeavours. One of the key success factors (KSFs) in avoiding this fate is ensuring timely management reviews supported by effective execution of incisive corrective/preventive actions that can avert the derailing of the whole exercise. This article introduces a metric, i.e., The Rainbow Score (TRS), which can be used to provide an effective input to the timely management review in gauging the success of Diversity and Inclusion initiatives for informed decision making. 16
06 | 2016 | www.hrfuture.net
The Rainbow Score
The Rainbow Score (TRS) is a simple formula that is the product of three primary factors: Diversity, Inclusion and RAPID (an acronym for significant factors of Senior Management/Top Leadership commitment). This has been depicted as a product since Diversity is meaningless if there is no Inclusion and support from the top. It also highlights the amplification aspect that emanates from the synergistic collaboration of all the three primary factors. Its mathematical version is as follows: TRS = (D) * (I) * (RAPID)
• D = Diversity = Sum of all scores pertaining to significant factors impacting Diversity;
• I = Inclusion = Sum of all scores pertaining to significant factors impacting Inclusion; and
• RAPID = Sum of all scores pertaining to
significant factors of Senior Management/Top Leadership commitment, that is, R = Judicious Allocation of Necessary Resources, A = Aligned Behaviour for Reinforcing Personal Engagement, P = Passionately Discernible Advocacy for Diversity and Inclusion, I = Invigorating Leadership for Employee Morale and Motivation, D = Dogged Focus on Achieving Success.
The significant factors impacting Diversity and Inclusion are given in the following table: