Women have accounted for more than half of accounting graduates for 20 years but still hold fewer than a quarter of partnership positions in firms. CPA Insider columnist Jennifer Wilson outlines the six major roadblocks to women achieving equal upward mobility and the steps organizations can take to address each issue.
Studies have suggested that diverse groups report more difficulty in working together but also do a better job reaching correct conclusions quickly. Such diverse teams may also overestimate the amount of conflict, and they are more likely to succeed if they highlight multiculturalism rather than pretend it's not present.
Companies that find common ground with millennials can benefit from their unique attitudes and beliefs. Millennials embrace relationship-driven leadership, seek opportunities to innovate and prioritize corporate social responsibility.
Disparity in pay between black and white workers has grown in recent decades, even as wages have stagnated, according to a report by the Economic Policy Institute. Discrimination plays a major role, according to the report, which notes that disparity persists even after accounting for education, geography and experience.
Thomson Reuters has indexed companies with good diversity and inclusion by tracking factors such as internal promotion and board composition. Separate research has found that diversity might be tied to enhanced productivity and profitability.
Organizations in the service industry must recognize diversity as a way to better serve clientele and as critical to survival. Homogeneity not only makes representing diverse groups difficult but also engenders bad decision-making, according to research from Columbia University, the Massachusetts Institute of Technology and other institutions.
Diversity and inclusion need support from senior leaders, and employee resource groups increase the transparency of diversity issues, according to attendees of a Congressional Hispanic Caucus Institute conference. Holding focus groups helps when establishing employee resource groups.
While diversity of thought and experience is critical to the workplace, forced diversity can cause tension that organizations must address. Policy serves an important purpose, but successful leaders focus on relationships within diverse teams as a gateway to understanding.
Some companies use blind auditions to prevent unconscious bias and to ensure hiring managers evaluate job candidates based on qualification and performance. Recruiting platforms are available that hide candidates' names, pictures and other personal data during the selection process.
Deloitte's 16-week paid family leave applies to anyone with caregiving responsibilities, not only new parents. This policy could normalize caregiving and eliminate bias that young women face in the workforce.
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AICPA Diversity & Inclusion News
Register today and learn about the evolution of diversity and inclusion in the workplace
The "Diversity 101" webcast is your opportunity to build a basic understanding of how diversity has evolved over the past 30 years. Diversity expert Dr. Shirley Davis will discuss the role diversity plays in the 21st-century workplace and provide an overview of the definitions of diversity, inclusion and strategic diversity management. Join us for this free webcast, "Diversity 101," on Oct. 19 at 1 p.m. ET.
American Institute of CPAs
is the world’s largest member association representing the accounting 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 is committed to diversity and inclusion in the accounting profession with the development of programs to increase the student pipeline and tools and resources to retain and advance ethnically diverse professionals.
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.