The Big DEI Split: What Smart Accounting Firms Are Doing
KeywordsDeloitte, DEI, diversity, equity, inclusion, accounting, recruitment, talent acquisition, corporate culture, meritocracySummaryIn this episode of the Accounting Influencers podcast, Rob Brown discusses the significant shift in diversity, equity, and inclusion (DEI) initiatives at Deloitte, where the US branch has decided to shut down its DEI program while the UK branch continues its commitment. This split reflects a broader trend among major corporations retreating from DEI commitments, influenced by political changes and government contracts. Brown emphasizes the implications for talent acquisition and retention in the accounting profession, which has historically struggled with diversity. He outlines three potential approaches for firms moving forward and provides actionable insights for accounting leaders to navigate this evolving landscape.Takeaways:-Deloitte has announced the shutdown of its DEI program.-The split between Deloitte US and UK highlights a significant corporate divide.-Political influences are driving major companies to retreat from DEI commitments.-Accounting firms face a recruitment crisis, exacerbated by a lack of diversity.-Meritocracy and diversity can coexist, but it's a complex balance.-Firms must assess their talent pipeline and recruitment strategies.-Global implications of DEI stances must be considered by international firms.-Client expectations regarding DEI can impact revenue.-Clear communication strategies are essential for any policy changes.-The DEI debate is evolving and will shape the future of accounting.https://youtu.be/6uO6LdI1Ltk