With more than 115.000 employees worldwide, BASF provides chemical products for all areas of life. HRForecast supported BASF to predict how the share of females will develop in the next few years. We based our forecast on historical talent management behavior and data like promotions, hires, and attrition.
„With HRForecast we could simulate realistic diversity scenarios supporting us in target setting and defining suitable measures to achieve .“
Gerhard Müller, Head of Diversity & Inclusion, BASF SE
Questions to be clarified:
1. Validation of available data
In the first step, we merged the relevant data snapshots. Then, we identified and classified the factors for analysis in three clusters: ‘Promotion,’ ‘Hiring,’ and ‘Leavers.’ Finally, we conducted data quality management to assure data integrity.
2. Identify bottlenecks and levers to improve
The Internal Development Model (IDM) – a model to predict factors regarding the talent pipeline – was set up. Various parameters for hires, promotions as well as information about leavers were fed to the model.
3. Define future scenarios & predict future share
The Internal Development Model (IDM) predicts the female share in all levels until 2025. We investigated three scenarios with a focus on leadership.
Key insights & value-adds for the client
- various scenarios for the development of the diversity share
- levers to increase the diversity share faster
- global socio-cultural benchmarks for diversity