A New Era of Accountability-Winning the Talent War for Women

A few years ago, Deloitte & Touche took a good hard look at its efforts to retain and advance talented women professionals. They were recruiting nearly as many women as men, but they experienced a much higher turnover rate for women. They realized that many of the women left due to a lack of advancement opportunities in the male-dominated environment.

The firm decided to hold an intensive workshop for over 5,000 of its U.S. managers to discuss the subtle gender-based assumptions many of the women experienced. They also formed an external advisory board to help keep the firm on track to retain women in the firm.

Today, this turnover has now nearly vanished, and the number of women partners and directors at Deloitte is the highest among the Big Five, according to a report by the Harvard Business Review. The cultural changes were not easy for the firm, but they’ve enabled Deloitte & Touche to grow faster than any of its competitors in this area of employee retention.

The lessons learned during this culture were:

  • Ensuring that senior management is front and center; make an airtight business case for cultural change.
  • Let the world watch you.
  • Begin with dialogue as the platform for change.
  • Use a flexible system of accountability.
  • Promote work-life balance for men and women

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Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.