Capital One Joins the Gender & Diversity KPI Alliance
The Gender & Diversity KPI Alliance (GDKA) is on a mission to measure and improve diversity in the workforce
November 6, 2020
Diversity in the workforce, including at the highest levels of an organization, has never been more urgent. Companies that emphasize gender, ethnic, and cultural diversity not only perform better financially, but they also foster better organizational health and company culture.
At Capital One, we recognize the value in measurement to monitor progress and ensure equality of opportunities. Currently, there is no universal standard to measure diversity in organizations. Without data-backed measurements, it is difficult to track company progress and change. So, we’re staying persistent in our pursuit to leverage data and innovation to create a better way forward.
That said, Capital One is proud to join the Gender & Diversity KPI Alliance (GDKA) to adopt a new set of Key Performance Indicators (KPIs) that measures gender and diversity in our workforce. GDKA is a group of corporations, diversity, equity and inclusion (DEI) advocates, academics, and trade organizations that have come together to help grow representation of women and underrepresented groups moving through companies. The KPIs will track and quantitatively measure:
- Board Representation: percentage of representation on an organization’s board
- Representation: percentage of representation by employee category
- Pay Equality: the ratio of compensation by employee category (e.g., equal pay for equal work)
These three KPIs were developed from the work of the World Economic Forum International Business Council, the Global Reporting Initiative, and other DEI advocates. They provide a foundation to evaluate diversity within internal organizations and monitor progress over time. By joining the GDKA, we’ll be able to highlight areas of progress, identify where we need to improve and track our performance over time.
Our focus is on producing tangible results, not abstract efforts. Data-backed measurements will gauge progress and drive lasting change, ensuring that our talent pipeline of women and underrepresented groups can thrive and reach their full potential. This is an important step towards expanding full representation and achieving true diversity in the workforce. These KPIs will be vital to drive real and demonstrable change.