What type of information does a diversity scorecard contain?

A diversity scorecard serves as a comprehensive tool designed to assess and communicate the effectiveness of an organization's diversity initiatives. The correct answer encompasses both financial and nonfinancial information related to these initiatives. This dual focus enables organizations to measure not just the economic impact of diversity efforts—such as costs associated with hiring or the economic benefits that diverse teams can bring—but also the social impact, which includes metrics related to employee engagement, retention rates among diverse groups, and the overall effectiveness of diversity training programs.

The inclusion of nonfinancial information is crucial because it provides insights into the organizational climate and culture, helping to identify areas where diversity can improve workplace dynamics, innovation, and employee morale. By evaluating both types of data, organizations can make informed decisions on how to shape their workforce planning strategies, promote inclusivity, and foster an environment where all employees feel valued and supported.

This comprehensive approach not only reflects the multifaceted nature of diversity but also aligns with best practices in human resource management, where the goal is to leverage the full spectrum of talent within the workforce.