{"id":95668,"date":"2023-03-13T23:41:59","date_gmt":"2023-03-13T21:41:59","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=95668"},"modified":"2023-11-28T15:33:13","modified_gmt":"2023-11-28T13:33:13","slug":"dei-technology","status":"publish","type":"post","link":"https:\/\/factorialhr.com\/blog\/dei-technology\/","title":{"rendered":"5 ways technology boosts DEI efforts"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Having a diverse, inclusive, and equitable work environment means having a well-balanced and healthy environment. To recruit top talent and reach new markets, it\u2019s essential to have the right business practices and DEI technology.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The business case for investing in DEI is strong. According to <\/span><a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/featured%20insights\/diversity%20and%20inclusion\/diversity%20wins%20how%20inclusion%20matters\/diversity-wins-how-inclusion-matters-vf.pdf?shouldIndex=false\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">McKinsey\u2019s Diversity wins report<\/span><\/a><span style=\"font-weight: 400;\">, progress on executive team diversity continues to be slow even though <\/span><b>36% of ethnically diverse companies and 25% of gender-diverse companies financially outperform their competitors<\/b><span style=\"font-weight: 400;\">. <\/span><a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/business%20functions\/people%20and%20organizational%20performance\/our%20insights\/understanding%20organizational%20barriers%20to%20a%20more%20inclusive%20workplace\/understanding-organizational-barriers-to-a-more-inclusive-workplace.pdf?shouldIndex=false\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Another report<\/span><\/a><span style=\"font-weight: 400;\"> suggests that 39% of job applicants take inclusiveness into account when making career decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When used correctly, technology can be a valuable instrument for measuring the effectiveness of your <\/span><a href=\"https:\/\/factorialhr.com\/blog\/dei-teams\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DEI teams<\/span><\/a><span style=\"font-weight: 400;\">\u2019 efforts and mitigating unconscious bias.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But what kinds of DEI tech do organizations use? And what are the specific benefits for organizations? In this article, we\u2019ll explore these questions and give you a better understanding of specific DEI technology and features.<\/span><a href=\"https:\/\/factorialhr.com\/ebooks\/diversity-metrics-ebook\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone wp-image-86530 size-full\" src=\"https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18143658\/Diversity-metrics-ebook-NEW.png\" alt=\"\" width=\"700\" height=\"700\" srcset=\"https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18143658\/Diversity-metrics-ebook-NEW.png 700w, https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18143658\/Diversity-metrics-ebook-NEW-300x300.png 300w, https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18143658\/Diversity-metrics-ebook-NEW-150x150.png 150w, https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18143658\/Diversity-metrics-ebook-NEW-160x160.png 160w, https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18143658\/Diversity-metrics-ebook-NEW-80x80.png 80w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<div class=\"js-toc toc\">\n<p class=\"js-toc-title toc__title\">Table of Contents<\/p>\n<nav id=\"fac_toc_nav\" class=\"js-toc-nav toc__nav\" aria-label=\"Table of Contents\"><ol class=\"toc__list toc__list--level-1\"><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-1\" href=\"https:\/\/factorialhr.com\/blog\/dei-technology\/#the-intersection-of-dei-and-technology\" title=\"The intersection of DEI and technology\" data-target-id=\"the-intersection-of-dei-and-technology\">The intersection of DEI and technology<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-2\" href=\"https:\/\/factorialhr.com\/blog\/dei-technology\/#5-ways-tech-boosts-dei-efforts\" title=\"5 ways tech boosts DEI efforts\" data-target-id=\"5-ways-tech-boosts-dei-efforts\">5 ways tech boosts DEI efforts<\/a><\/li><li class=\"toc-heading-level-2\"><a class=\"toc__link toc-link-heading-3\" href=\"https:\/\/factorialhr.com\/blog\/dei-technology\/#conclusion\" title=\"Conclusion\" data-target-id=\"conclusion\">Conclusion<\/a><\/li><\/ol><\/nav><\/div>\n<h2><span style=\"font-weight: 400;\">The intersection of DEI and technology<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are numerous ways that companies are leveraging technology to promote DEI. However, generally speaking, technology tends to intersect with DEI in two important areas:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Firstly, <\/span><b>DEI technology can improve people management practices.<\/b><span style=\"font-weight: 400;\"> There are many kinds of tools that enable users to improve DEI practices across the employee cycle. Think talent acquisition tools or tools that help employers make promotion decisions. A company might use this technology to help them monitor their hiring processes, promote inclusivity while sourcing candidates, and create a more diverse talent pool.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secondly,<\/span><b> DEI tech can improve company culture and the employee experience.<\/b><span style=\"font-weight: 400;\"> For example, many organizations use technology to provide employees with anonymous satisfaction surveys. Feedback tools in particular can encourage employees to speak up about microaggressions, unfair practices, and workplace bullying. These tools lead to increased psychological safety, which ultimately promotes employee engagement and fosters feelings of belonging.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">5 ways tech boosts DEI efforts<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">From reducing bias in the hiring process to implementing equitable pay practices, there are many ways to use DEI technology. In this section, we\u2019ll take a look a look at some of the <\/span><b>specific benefits for companies<\/b><span style=\"font-weight: 400;\"> that choose to use DEI technology to support their practices.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Bias visibility<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Unconscious bias, also known as \u201cimplicit bias\u201d, <\/span><b>deals with the underlying messages and attitudes that are expressed toward certain groups of employees.<\/b><span style=\"font-weight: 400;\"> These sentiments are often subconscious and have a major impact on decisions that are made at various points of the employee cycle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without recognizing and minimizing unconscious bias, DEI efforts can feel insincere and even hypocritical. For example, organizations that rewrite their mission statement but make very little effort to recruit and promote members of underrepresented communities. For real organizational change to occur, <\/span><b>there needs to be a change in mentalities and objectives. <\/b><span style=\"font-weight: 400;\">And in many instances, these changes need to come from the top down.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, for many organizations,<\/span><b> the subtleties and nuances of unconscious bias can be difficult to see.<\/b><span style=\"font-weight: 400;\"> In these cases, technology can provide companies with a more objective point of view and ultimately help them to take bias out of the decision-making process.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Collecting diversity data<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Part of ensuring fair and equitable business practices is collecting and measuring employee data. This especially comes into play while<\/span> <span style=\"font-weight: 400;\">drafting new company policies, conducting regular pay analyses, and adjusting recruitment efforts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a DEI dashboard,<\/span><b> you can visualize metrics like<\/b> <b>turnover, retention, and eNPS, to see if there are any differences based on an employee\u2019s race, gender, or age.<\/b><span style=\"font-weight: 400;\"> Additionally, you can measure metrics as compared to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nationality<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Neurodiversity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Skill sets<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Having an up-to-date employee dashboard allows you to identify and address problematic practices in your company. Also, it gives you actionable insights so that you can make strategic decisions worthwhile.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Measure change<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Aside from recognizing issues, using DEI technology can help you to implement change and measure the impact of your efforts.\u00a0 In many cases,<\/span><b> data is more than just numbers, it tells a story and is a reflection of communication and business practices.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For example, you notice on your dashboard that there is a problem retaining female employees who work in a specific department. Based on this information, it might be worth examining management practices, the language used during meetings, and the opportunities for advancement that are granted to male vs. female employees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to implementing changes, tools like a <\/span><b>DEI dashboard can help you to keep records and fine-tune processes<\/b><span style=\"font-weight: 400;\"> that are already in effect. Let\u2019s say that you have set DEI objectives and have made some significant changes to company policies as a result.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With systems that have automated reporting features, like <\/span><a href=\"https:\/\/factorialhr.com\/hr-reports\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Factorial<\/span><\/a><span style=\"font-weight: 400;\"> you can<\/span><b> generate custom progress reports for a given timeframe.<\/b><span style=\"font-weight: 400;\"> That\u2019s to say, you can generate monthly reports with metrics like employee attendance, turnover, and pay rate according to gender, race, or nationality. After tracking these metrics over a set period, you can get a better understanding of which policies impact your team and why.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Improve inclusive recruiting<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to the <\/span><a href=\"https:\/\/hbr.org\/2014\/05\/in-hiring-algorithms-beat-instinct\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Harvard Business Review<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><b>85-97% of professionals rely on intuition or mental synthesis of information while hiring new employees.<\/b><span style=\"font-weight: 400;\"> While intuition might feel like a good way of making sure that a new employee is a good cultural fit, it is often not the best strategy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is largely because humans are susceptible to unconscious bias while making decisions. As a result, hiring managers relying purely on intuition might feel compelled to select a candidate that is not the most qualified for the role. In fact, the same report suggests that <\/span><b>talent acquisition technology is 25% more likely to outperform humans<\/b><span style=\"font-weight: 400;\"> while selecting the right candidate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s not to say that technology is a replacement for a talented recruiter with years of experience. Rather, it can be more of an aid for businesses to remove distraction and bias when narrowing down candidates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For organizations to make the fairest and most accurate hiring decisions, and to have the best <\/span><a href=\"https:\/\/factorialhr.com\/blog\/diversity-and-inclusion-recruitment-best-practices\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">diversity and inclusion recruitment practices<\/span><\/a><span style=\"font-weight: 400;\">, it\u2019s best to use a combination of human and machine decision-making power. Here\u2019s one way to include DEI technology as a part of the recruitment and selection process:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use an applicant tracking system to initially filter out qualified candidates based on applications.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have an experienced hiring manager interview and collect additional information from top candidates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Form a hiring committee consisting of the candidate&#8217;s potential manager(s) and coworkers. That way, their input is factored into the hiring process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make a collaborative decision based on a combination of data and the candidate\u2019s interview questions.<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/factorialhr.com\/request-demo\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone wp-image-86553 size-full\" src=\"https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18151749\/free-demo.jpg\" alt=\"\" width=\"675\" height=\"231\" srcset=\"https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18151749\/free-demo.jpg 675w, https:\/\/factorialhr.com\/wp-content\/uploads\/2022\/11\/18151749\/free-demo-300x103.jpg 300w\" sizes=\"(max-width: 675px) 100vw, 675px\" \/><\/a><\/p>\n<h3><span style=\"font-weight: 400;\">Ensure pay equity<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Beyond recruitment and selection, attracting and retaining diverse staff means<\/span><b> ensuring that your company\u2019s core processes are equitable.<\/b><span style=\"font-weight: 400;\"> Another way that DEI technology can help to make meaningful structural change is by promoting <\/span><a href=\"https:\/\/factorialhr.com\/blog\/pay-transparency\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">pay transparency<\/span><\/a><span style=\"font-weight: 400;\"> and equity.<\/span><\/p>\n<p><b>Pay transparency fosters a trusting and open work environment.<\/b><span style=\"font-weight: 400;\"> And for this reason, it\u2019s advantageous for businesses to disclose salaries to job seekers and existing staff. Otherwise, workers might assume that their pay isn\u2019t reflective of their experience and qualifications. It\u2019s best to be upfront and out in the open about salaries and pay practices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With DEI technology, you can easily <\/span><b>calculate estimated salary ranges, based on your existing employee data.<\/b><span style=\"font-weight: 400;\"> Using this information, you can then benchmark your company\u2019s pay practices and make sure that your salaries are competitive.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To make your promotion practices more transparent and equitable, <\/span><b>DEI tech can help to conduct a pay equity analysis of your entire company<\/b><span style=\"font-weight: 400;\">. Additionally, you can leverage DEI technology to generate a career path\/progression chart for every role in your company.\u00a0 Not only will it lead to fairer pay practices, but also provide your staff with <\/span><b>tangible career goals. <\/b>They will have a clear understanding of expectations, and what is necessary to get from point A to point B.<span style=\"font-weight: 400;\"> Ultimately, this will boost motivation levels and reduce pay-related tensions between staff.<\/span><\/p>\n<p><iframe title=\"Best 7 DEI Initiatives At Work\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/dQ7z55u5rso?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Diversity in your organization means diversity of thought and perspective. Prioritizing DEI means making ethically responsible decisions and helping all employees develop a successful career path. Backing up your initiatives with DEI tech can help you to open up opportunities for your employees and your company as a whole.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike humans, DEI technology used in recruitment tools and HRIS systems lacks unconscious bias in the decision-making process. Therefore, they have the potential to give historically underrepresented groups a fair chance and make progress toward pay equity. While there are many types of DEI technology available, the most effective tools offer the following features:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Analytical tools<\/b><span style=\"font-weight: 400;\"> to filter and compare employee data with specific KPIs, like turnover, retention, absenteeism, and eNPS scores.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Automated survey tools<\/b><span style=\"font-weight: 400;\"> that allow you to generate and send anonymous questionnaires.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Custom reporting features<\/b><span style=\"font-weight: 400;\"> that help you to visualize DEI targets and progress towards business goals.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pay reporting tools<\/b><span style=\"font-weight: 400;\"> that help you to track and easily manage employee payslips and salaries.<\/span><\/li>\n<\/ul>\n<p><b>Prioritizing your diversity, equity, and inclusivity initiatives means prioritizing the well-being of your team. And Factorial has the right tools to get you started.<\/b><span style=\"font-weight: 400;\"> Don\u2019t hesitate, <\/span><a href=\"https:\/\/factorialhr.com\/request-demo\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">book a free demo now.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having a diverse, inclusive, and equitable work environment means having a well-balanced and healthy environment. To recruit top talent and reach new markets, it\u2019s essential to have the right business practices and DEI technology. The business case for investing in DEI is strong. According to McKinsey\u2019s Diversity wins report, progress on executive team diversity continues<a href=\"https:\/\/factorialhr.com\/blog\/dei-technology\/\" class=\"read-more\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":155,"featured_media":95670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[349],"tags":[],"class_list":["post-95668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hr-tech"],"acf":{"topics":"engagement-suveys-enps-communities"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DEI Technology: 5 Major benefits for businesses - Factorial<\/title>\n<meta name=\"description\" content=\"DEI Technology: How it&#039;s used to mitigate unconscious bias and drive business success. 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