Financial services firms falling short on D&I according to new reboot. index
As part of its Race to Equality: UK Financial Services report, launched earlier this year, reboot. developed the index alongside research house Coleman Parkes, surveying 800 employees from 440 UK financial services firms and asking respondents to score their organisation across three key pillars of D&I within their organisation:
Representation – the ethnic minority representation of employees across all levels, from entry-level to senior management
Culture – the treatment of employees from ethnic minority backgrounds and fostering of a more inclusive culture, and senior leadership’s evidenced commitment to improving diversity
Action – whether steps are being taken to improve D&I, such as training for all employees on D&I or recruitment policies to improve the ethnic diversity of the workforce
The target score for companies is 100 – at which point their workplace could be described as optimal across D&I criteria. However, with the average industry score sitting at 65 there is clearly still much work to be done. reboot. also analysed the data split by sub-sectors within financial services, with each of them scoring 66 or less – almost identical rankings across the board.
Financial services firms falling short on D&I, reboot. says. !(https://ifamagazine.com/wp-content/uploads/2021/12/reboot.png)