The Gender Equality Award: Deloitte
Winner of the Gender Equality Award 2019.
Deloitte: Gender equality drive focuses on actions and attitudes of senior management
- Increase in the proportion of females identified for promotion to director in the past year
- 19 per cent of partners are women, up from 14 per cent in 2014
- By 2030, 40 per cent of firm’s partners will be female
There is a clear acknowledgement from Deloitte that success is reliant on having the right culture. Central to this is achieving gender equality. The global audit, tax and consulting firm has set targets to ensure that, by 2020, 25 per cent of partners, leadership teams and lead client service partners will be female. By 2030, 40 per cent of the firm’s partners will be female too.
Deloitte’s Gender Balance plan ensures that its CEO, Chairman and service line leaders have gender diversity measures as part of their objectives. Meanwhile, all operating unit leaders have their people-related metrics measured by gender – something that is considered in year-end appraisals.
There has been much success. Attrition rates for female managers have decreased to below average – from 18 per cent in 2014 to 16 per cent in 2018. The retention of mothers has also risen, from 68 per cent in 2012 to 80 per cent in 2018. Meanwhile, 72 per cent of female employees say they felt trusted to organise where and when they worked – up from 65 per cent in 2012, and three percentage points higher than their male colleagues. Elsewhere, women now make up 19 per cent of partners, up from 14 per cent in 2014. There is 33% female representation on the UK Executive Committee.
Deloitte runs mandatory inclusive leadership workshops for all partners, giving them the tools to deal with behaviours that are counter to the firm’s values. This has helped change the approach to promotions, for example, resulting in an 8 per cent increase (to 36 per cent) in the proportion of female candidates identified for promotion to director in the past year.
Information in this impact story has been supplied by Deloitte.
What the judges said…
“Sophisticated, holistic cultural change led from the top, impacting gender equality at all levels with strong data points to back it up.”Justine Lutterodt, Director, Centre for Synchronous Leadership