Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
While accountancy regulatory bodies have seen equality, diversity and inclusion (EDI) initiatives become more commonplace, there is growing scepticism among professionals that these are ‘box-ticking’ exercises, according to new research from The Young Foundation.
The report Beyond Buzzwords, which incorporated insights from more than 7,000 professionals that includes accountants, has cautioned that unless change is urgently prioritised, recent progress risks unravelling.
Some 73% of respondents have reported experiencing barriers to career progression or some form of discriminatory or exclusionary behaviour in their workplace since the start of 2019. Negative experiences were even more pronounced among those with multiple marginalised characteristics.
Key concerns emerging from the research include widespread scepticism that ambitious EDI goals are being translated into meaningful actions, with a perception that rhetoric and box-ticking exercises bring few tangible improvements. As a result, support for EDI efforts seems to be waning.
In addition, many professionals are feeling excluded from informal networks and opportunities to develop. Some 53% of respondents have considered leaving their employer or profession due to EDI concerns, related to feeling undervalued or having limited scope to progress.
However, the research also showed that tailored solutions can have significant impacts. It reveals a range of initiatives viewed as effective when well-executed: from normalising flexible working and creating accessible learning resources, to targeted development programmes and removing biases in hiring.
Helen Goulden OBE, chief executive of The Young Foundation, said: “Alongside action from professional and regulatory bodies, real progress relies on individuals, employers and policymakers enacting change within their spheres of influence. But by fostering a ‘race to the top’ on standards, professional and regulatory bodies can drive sustained, systems-wide change.”
