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Why Diversity and Inclusion is still a Priority in Accountancy

Should improving Diversity and Inclusion still be top of your firm’s to do list?

“In a world facing disruption by novel technologies, unprecedented competition internationally, and demographic change at home,

we will need to deploy every resource available to us as a nation if we are to sustain the economic prosperity on which our people depend.”

Sir John Parker

The Parker Review in 2020 reported on the lack of ethnic diversity in the boardroom, and it criticised FTSE 100 companies for doing too little.

Since then, The Institute of Chartered Accountants in England and Wales has become the first professional body to sign up to the new Charter for Black Talent in Finance and the Professions.

Progress is being made, but as an industry, the accountancy sector has alarming shortfalls in diversity.

A recent report revealed that just one of the UK’s top 20 accountancy firms has a CEO from a BAME background, and female leadership positions are at a mere 15%.

These figures are deeply troubling and as a business owner, manager or decision maker, YOU can make a difference.

But why do you need to?

To put it simply, your accountancy firm serves a population of people which is multicultural and multifaceted. And your accounting staff work closely with your customer base. An absence of diversity in the workforce shows that your firm does not reflect its customers. Plus, a more diverse team creates a more innovative and agile proposition in these times of change and uncertainty.

So, what can you do?

Tackling diversity at your accountancy firm should be an authentic and organic process – it’s a journey people should believe in and not become a tick box exercise. Most importantly, management should be fully engaged, involved and committed to diversity – driving it forward and encouraging everyone to do the same.

You can discover more on the subject here:

How a specialist recruiter will help

Diverse recruitment is about widening the talent pool to find the best person for the job. By partnering with an expert in accountancy recruitment, you are investing in measures to successfully deliver an effective diversity strategy – finding you the right candidate, saving you time and money and contributing to a more diverse society.

“Our core value has always been to match the right candidate to the right client. We use best practice to source the most talented accountants and finance professional –  regardless of gender, colour or experience.

At Public Practice Recruitment Ltd, we deliver a fair and equal recruitment process for our clients – countering unconscious bias and diversity challenges which may have developed over time at some practices.

We invite you to speak to us about your diversity recruitment goals so that we can help you put a plan into place for 2021.”

Garry Howling, Public Practice Recruitment Ltd

Why not get in touch today for an informal, no-obligation conversation about diversity at your firm?

We are currently recruiting for Accountancy Partners, VAT Directors and Tax Managers with progressive and supportive accountancy firms – discover more here.

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