Medtronic joins Gender & Diversity KPI Alliance committing to adopt set of key performance indicators to measure and improve diversity


Medtronic joins Gender & Diversity KPI Alliance to address diversity

Medtronic joins Gender & Diversity KPI Alliance to address diversity

 September 24, 2020

Medtronic believes actions matter.

That’s why the company has signed on to the groundbreaking Gender and Diversity KPI Alliance (GDKA), chaired by CatalystInc and Working Mother.

Measuring gender and diversity

The GDKA consists of over 50 companies that commit to the adoption and use of a set of key performance indicators (KPIs) to measure gender and diversity in their companies and organizations.

Medtronic joins other high-profile signatories, including Accenture, Bank of America, Chevron, Deloitte, EY, Google, KPMG LLP, Pfizer, Procter & Gamble, PwC, Uber, and Visa.

“Measurement is a critical component of creating an environment of diversity, equity, and inclusion in workplaces that allow all employees to thrive. You cannot improve what you cannot measure,” said Catalyst President and CEO Lorraine Hariton, who co-chairs GDKA. “By committing to measuring diversity using these KPIs, corporate leaders are taking the steps necessary to drive change. These companies serve as role models for others, demonstrating that leadership and accountability start at the top.”

Implementing three KPIs

Medtronic diversity

By signing on to GDKA, signatory companies commit to using or working to implement three key performance indicators to evaluate diversity in their organization: Percentage of representation on an organization’s board; percentage of representation by employee category; and pay equality: the ratio of compensation by employee category (e.g., equal pay for equal work).

The KPIs focus on the pipeline of women and underrepresented groups moving through the organization, better enabling organizations to track their progress.

“This effort helps organizations gauge their progress over time, which is a critical step toward achieving true corporate diversity,” adds Working Mother Media President Subha Barry, who co-chairs GDKA. “The GDKA KPIs provide a common way to monitor and track representation and pay equality so that employers can better develop their talent pipelines and create more inclusive cultures to achieve better business performance and more equitable workplaces.”


Join a diverse and inclusive company

Medtronic's commitment to the GDKA is in line with its overall mission statement: to recognize the personal worth of all employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success.

Be part of this inclusive workplace by searching for a job with Medtronic.

 

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Disclosure: Where Women Work researches and publishes insightful evidence about how its paid member organizations support women's equality.

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