The LGBTQ community is gaining visibility in the financial-services industry, and the next generation is focused on inclusion, says Inga Beale, CEO of Lloyd's of London. Beale, the first woman to lead the insurer, says she and other LGBTQ leaders in the industry are able to push for inclusion when they notice an event or a conference lacks diversity.
Organizers can take steps to ensure female and minority speakers are represented at events they host. Organizers should publicly commit to diversity, reach out to influential people in the community and push companies to provide a diverse list of candidates.
Research suggests most people see diversity as critical for business innovation, so leaders must be aware of team composition as they prepare strategies for 2018. Holding innovation challenges and "acceleration days," during which teams brainstorm and then present ideas, also can unlock innovative potential.
Leaders should strive to learn more about the factors that motivate individual employees rather than using a one-size-fits-all approach to management. Fostering a culture of creative collaboration and providing regular feedback can help leaders get the most out of their team.
Members of different generations might have different values and expectations in the workplace, so leaders must be prepared to manage cultural divides. Setting standards that apply to everyone is key, but leaders should also listen to what employees have to say and recognize that everyone has a unique viewpoint.
Promote diversity in the hiring process by eliminating unnecessary job requirements and by deciding before interviews which criteria you will use to evaluate candidates. Also, embrace a long-term perspective, and be open to unconventional sources of talent.
Simply stating the case for gender diversity isn't likely to move the needle, so companies should focus on redesigning systems to prevent bias. Tools such as machine learning and big data can help companies eliminate bias in job advertisements.
In many cases, millennials prefer agile work environments that prioritize adaptation and flexible conditions. These work cultures tend to embrace autonomy and adopt a fluid approach to job responsibilities.
My organization provides training and other experiences that develop employees' global mindset (or equip employees to effectively engage the global marketplace).
I don't know
AICPA Diversity & Inclusion News
Seminar rescheduled for January
The Driving Innovation Through Inclusion seminar, previously scheduled for Thursday, Nov. 16 from 1 to 2 p.m. ET, has been rescheduled for Wednesday, Jan. 17 from 10 to 11 a.m. ET. Registration for the rescheduled event will be available in two weeks.
The 6th Annual Women's Summit starts today, Nov. 8! Couldn't join us this year? Follow all the action on social media with #AICPAwomenlead. Save the date and plan to join us next year in New York City or live online Nov. 14 to 16.
American Institute of CPAs
(AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.
About the AICPA National Commission on Diversity and Inclusion
The AICPA National Commission on Diversity and Inclusion was formed to serve as champions within the accounting profession and to work toward
proposing strategies to recruit, retain, and advance minorities in the profession. The National Commission on Diversity and Inclusion
has set a new course to address best practices and develop tools to help members and firms succeed in their diversity and inclusion efforts.