Latest News  

Accenture: Company culture is key to unlocking gender equality and narrowing pay gap

New research from Accenture has identified 40 workplace factors that create a culture of equality – including 14 factors that matter the most. The research, published today in the company's "Getting to Equal 2018" report, details the most-effective actions that business leaders can take to accelerate advancement and help close the gender pay gap.

2018-03-15 14:53:02

The research is based on a survey of more than 22,000 working men and women in 34 countries – including more than 1,400 in the United States – to measure their perception of factors that contribute to their workplace cultures. The survey was supplemented with in-depth interviews and a detailed analysis of published data on a range of workforce issues.

"Our research shows that in companies with cultures that include the workplace factors that help women advance, men thrive too, and we all rise together," said Julie Sweet, Accenture's chief executive officer – North America. "We see this research as a powerful reminder that building a culture of equality is essential to achieving gender equality because people, not programs, are what make a company inclusive and diverse."

Accenture's research found that in companies where the 40 factors are most common, everyone benefits:

• 98 percent of employees are satisfied with their career progression
• 90 percent of employees aspire to get promoted
• 89 percent aspire to become senior leaders in their organizations
And, everyone has a better opportunity to advance:

• Women are 42 percent more likely to advance to manager or above and five times as likely to advance to senior manager/director or above.
• Men are 20 percent more likely to advance to manager or above and twice as likely to advance to senior manager/director or above.
While both women and men advance in companies in which the 40 factors are common, women have the most to gain. If all working environments in the U.S. were like those in which the 40 factors are most common:

• For every 100 male managers, there could be as many as 87 female managers, up from the current ratio of 100 to 65.
• Women's pay could increase 52 percent, or up to an additional $20,000 per year.
• Women could earn $94 for every $100 a man earns, helping to close the pay gap and lifting women's total earnings by $202 billion nationwide.
Setting clear diversity targets, the research found, is a crucial step for leaders who want to strengthen their cultures.

"Culture is set from the top, so if women are to advance, gender equality must be a strategic priority for the C-suite," said Ellyn Shook, Accenture's chief leadership & human resources officer. "It's critical that companies create a truly human environment where people can be successful both professionally and personally – where they can be who they are and feel they belong, every day."

The report, which builds on Accenture's 2017 research on how digital fluency and technology can close the gender gap in the workplace, grouped the 14 core factors proven to influence advancement into three categories of bold leadership, comprehensive action and an empowering environment. Key U.S. findings in the three categories include:

• Bold leadership: Women are twice as likely to be on the fast track in organizations which have published a diversity target (19 percent compared to 10 percent).
• Comprehensive action: Involvement in a women's network correlates with women's advancement, but the vast majority (81 percent) of the women surveyed for the report work for organizations without such a network. In companies that have a women's network, six in 10 women (62 percent) participate, with more than two-thirds (69 percent) of those women in a women's network that also includes men.
• An empowering environment: Among the factors linked to advancement are not asking employees to conform to a dress or appearance code, and giving employees the responsibility and freedom to be innovative and creative.

Read the full study here Getting to Equal 2018



0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Deloitte Romania opens application for the 20th edition of Technology Fast 50 Central Europe competition

Deloitte Romania opens application for the 20th edition of Technology Fast 50 Central Europe competition, the prestigious regional ranking for fast growing companies in the technology sector.

 Read Full article »
Zitec launches its 1 million Euro Mirro app

Zitec, specializing in the development of customized tech solutions, services and products, launched Mirro.io within Bucharest Tech Week 2019, a dedicated application for measuring the performance within the co

 Read Full article »
Analysis: Romania needs 1 million workers and 10,000 industrial robots

The Romanian economy has been facing for several years an acute crisis of workforce, the necessary of workers being evaluated at approximately 1 million people, but 10,000 industrial robots as well, shows an an

 Read Full article »
Adobe to add 100 more people in Romania to the already 600 staff professionals

Adobe Romania announced it touched the 600 employees' milestone in Romania and it is looking to expand its local team with 100 more professionals experienced in technical and software engineering.

 Read Full article »
Randstad Employer Branding 2019: Salary, benefits - most important criteria for 70% of Romanians when applying for job

The Chinese with Huawei and the Americans with IBM and Ford are the most wanted employers in Romania, and the most important criterion for Romanians in case of an employment decision is salary and extra-salary

 Read Full article »
Deloitte 2019 Global Human Capital Trend report for Romania: Leaders need to understand new technologies

The most important things for Romanian employers are lifelong learning, developing leaders and improving employee experience, according to Deloitte 2019 Global Human Capital Trend report for Romania.

 Read Full article »
Fortech expands its footprint with a new sales and consultancy hub in Chicago

Fortech – one of the largest Romanian-owned IT services companies, repeatedly recognized by Deloitte and EY – today announced the opening of its flagship sales and consultancy office in the U.S., in downtow

 Read Full article »
Digitization boosts the controlling market in Romania, estimated at 80 million Euro

Management consulting company Horváth & Partners estimates that believes that in the near future, the digitization of financial departments will become a necessity and it will be a decisive factor in streamlin

 Read Full article »
ABSL organizes its next Business Mixer at Brasov on May 22nd

Brașov Business Mixer is the first conference organized by ABSL, dedicated to the local business services community.

 Read Full article »
Oracle Academy numbers 650 students and 200 teachers participating within its projects in the past six months

In the past year, worldwide, Oracle Academy worked with more than 15,000 educational institutions across 128 countries, supporting more than 6.3 million students worldwide to prepare them for careers in our tec

 Read Full article »
 
 
 
MOST READ ARTICLES
» Digital Transformation Conference to t...
» ASE's HR Master – helping students i...
» Marian V. Popa: Meet the speakers at R...
» Meet the winners of ROMANIAN BUSINESS ...
» Capgemini to open new office at Suceav...
» Romulus Caralicea: Meet the speakers a...
» Randstad Employer Branding 2019: Salar...
» Zitec launches its 1 million Euro Mirr...
» Deloitte Romania opens application for...
» Oracle Romania inaugurates the Iasi of...
 
EDITOR CHOICE
Digital Transformation Conference to take place on June 19 at Bucharest

The Diplomat – Bucharest organizes Digital Transformation Conference to be held on 14 of June in Bucharest, at Hilton Hotel - Regina Maria Hall, starting 8:30 AM.

 Read Full article »
L&D Conference by The Diplomat Bucharest to take place on June 4th at Bucharest

The Diplomat-Bucharest organizes the Third Edition of its Learning & Development CONFERENCE on 4 June, 2019 at InterContinental Hotel Bucharest starting 09:00 am.

 Read Full article »
Meet the winners of ROMANIAN BUSINESS SERVICES AWARDS, 2019 edition

ROMANIAN BUSINESS SERVICES FORUM & AWARDS 2019, in its fifth year, brrought on May 7, in Bucharest, a new concept event with engaging keynote sessions by industry leaders, interactive panel discussions, network

 Read Full article »
Few hours away from to the long awaited CEO Leaders Debate, a premiere of Romanian Business Services Forum and Awards

We are a few hours away to the long awaited CEO Leaders Debate, a premiere of Romanian Business Services Forum and Awards on May 7.

 Read Full article »
Colin C. Lovering: Meet the speakers at Romanian Business Services Forum & Awards 2019, on May 7

Colin C. Lovering has been living and working in Romania since 2009 when he arrived to offer consultancy and advice to organisations looking for growth and profitability and founded Achieve International.

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events