March 4, 2011 — What’s measured gets done. After all, if you’re not tracking and measuring progress, how do you know how far you’ve come? Or how much further you need to go?
These are the takeaways from the just-launched 2010 India Benchmarking Report. While 68 percent of companies surveyed have formal strategies for advancing women, many lacked metrics and indicators to measure their impact. In particular, the majority of companies did not hold managers accountable for the retention and promotion of women.
The broad array of diversity programs on offer in India is impressive, but with the severe talent crunch that India is facing, tracking the progress and effectiveness of programs to advance women is essential to maximizing organizational investments in recruitment and improving retention of top talent.
This is one key to solving the crunch.