Executive Summary

With the release of an LPI score expansion in 2024, Lenox Park Solutions will commence the incorporation of a new subset focused on transparency within the data information these scores. The LPI x Transparency score is a revolutionary approach designed to address current limitations in data assessment and provide a comprehensive, accurate, and transparent evaluation framework. This score integrates both qualitative and quantitative elements, offering significant improvements in accuracy, precision, and user trust. It aims to enhance data reliability across LPI scores and promote informed decision-making.

Introduction

Background and Context

Historically, data provided has ranged in quality and completeness, creating struggle between scores reported and the viability of their underlying data. These challenges necessitated the development of a new approach; one that was flexible and adaptable while generating a comprehensive assessment of data provided.

Objective of the New Scoring System

The primary goal of the LPI x Transparency score is to create a versatile and reliable scoring mechanism that can be applied across different LPI scores and subsets, ensuring consistent and precise data evaluation. This system aims to set new standards for data assessment and drive better outcomes through enhanced insight.

System Design and Architecture

Conceptual Framework

The new scoring system is built on core principles of accuracy, completeness, and adaptability. It utilizes a flexible architecture designed to handle diverse data inputs and provide reliable outputs.

Key Components and Features

• Real-time viability assessment
• Dynamic score weighting
• Participant Scorecards
• Transparency heatmapping of score components

Methodology

Data Collection and Analysis

Data is gathered using aggregate, deidentified, standardized collection methods to ensure accuracy and consistency. Logic and analysis controls are employed to validate and set expectations for the initial collection.

Scoring Mechanism

Foundational collection must be accurate and complete, leaving no room for assumptions. This ensures that both qualitative and quantitative aspects are precise and comprehensive.

• Criteria
  • Defined metrics for assessment
  • Emphasis on data completeness and reliability
• Weighting and Calculation
  • Each component is weighted based on its importance
  • The scoring engine calculates scores using a transparent and reproducible algorithm
• Scoring System
  • Calculated based on the presence of specified and valid data points.
• Point Allocation
  • Points are allocated for each valid entry, emphasizing the elimination of assumptions and the importance of complete data.
• Components
  • Full-Time Employee (FTE)
    • Data Points: Gender & Race
  • Senior Leadership
    • Data Points: Gender, Race, & Leadership Flag
  • Ownership
    • Data Points: Gender, Race, Ownership Flag, Ownership Percentage, and Ownership Duration

Future Developments

Upcoming Features and Enhancements

Plans are in place for additional applications of the Transparency component in tandem with RoundTables and LPI score expansions.

Conclusion

The LPI x Transparency score represents an advancement in Realtime evaluation of the LPI score and its subsets, offering enhanced accuracy and adaptability in score assessments. Positioning the RoundTables community to drive better decision-making across various industries.

Glossary of Terms

1. Lenox Park Diversity Impact Score (“LPI”)- a measure of diversity across staff, senior leadership, and ownership within an organization.

2. Valid data points- Valid Data Points are considered any response that does not leave room for assumptions.

3. Specified data points- Referring to Gender, Race/Ethnicity, and any other selection other than those that fall under Not Specified. See Gender and/or Race/Ethnicity

Contact Information

For inquiries, support, or additional information, please contact support@lenoxparkinc.com.