For businesses to keep pace with contemporary workforce changes, it is imperative to foster an inclusive work environment that empowers, values, identifies, and capitalizes on the workforces’ talents, skills, and abilities. Although diversity is recognized as a crucial element for organizational performance, its measurement lacks standardization. Organizations tend to follow simplistic assessment approaches, typically by tracking and measuring salient areas (i.e., easily measured areas such as the demographics of the organization and/or promotion rates). Thus, they fail to evaluate the actual effectiveness of diversity initiatives. Given that this approach is limited and lacks the substance that would inform organizational strategies of the need to increase employee engagement and productivity, the authors leveraged the expertise of two practitioners to discuss methods for measuring the effectiveness of diversity and inclusion programs. In addition, diversity is discussed as related to innovation, employee engagement, and change management, thereby leading to suggestions for future research.