Chicago – Oct. 25, 2021 – The Association for Corporate Growth (ACG), a global community for middle-market mergers and acquisitions, deal-makers and business leaders focused on driving growth, became a Parity.org ParityINDEX® enterprise-level partner.
The ParityINDEX®, a proprietary DEI measurement tool created by Parity.org, measures what matters, and is the first diversity tool of its kind, providing data insights on the intersection of race and gender with variables that tell the story of the employment cycle from recruitment to pay, promotions, retention, and attrition.
As an enterprise-level partner, all of ACG’s member companies can participate in the partnership to begin measuring their own impact on this important work.
“I’m delighted that ACG is partnering with Parity.org so that together we can address pay and opportunity disparities for women and people of color in the middle market,” said Tom Bohn, ACG President and CEO. “Diversity, equity and inclusion are top priorities for ACG, and this collaboration will help create fair and equitable access to leadership opportunities.”
The ParityINDEX uses multivariate regression analysis and proprietary algorithms, designed by inequality experts, to give Diversity & Inclusion leaders actionable insights into where issues are occurring in their company, making it possible to develop targeted plans to address and correct them.
“We are so pleased to have ACG join us in this important commitment to underrepresented groups. It’s clear that we can, and must, do more to increase pathways to the top for women and all communities of color,” said Cathrin Stickney, Parity.org founder and CEO. “I hope that by bringing this tool to the forefront, more companies will be open to changing how they recruit, hire, and promote underrepresented leaders, because we need women and people of color at the table and in decision-making roles.”
Diversity in leadership has many benefits: companies that have more racial and ethnic diversity are more innovative and 35% more likely to have financial returns above the industry median. In the United States, there is a linear relationship between gender and racial diversity in leadership and better financial performance. Yet women and people of color experience more microaggressions, lower pay, discrimination, and fewer opportunities for advancement than their white counterparts, and are represented at much lower numbers in leadership than white men.
For organizations wanting to take the ParityPledge in Support of People of Color and in Support of Women, or who want a demo of The ParityINDEX tool, visit www.Parity.org.