Case Studies
Promoting Women’s Economic Empowerment:
The Learning Journey of Ernst & Young
Company: Ernst & Young
"To be a leading organization, we have to really embrace diversity. The research is very clear. The more women there are in senior management and on boards, the better the business performance."
- Jim Turley, Chairman and CEO |
Introduction
Ernst & Young's gender efforts began more than two decades ago with a business need: to stem the loss of female talent. A leader in assurance, tax, transaction and advisory services, the firm was losing a disproportionate number of talented female staff in the pipeline ranks leading to executive leadership roles. This led the organization to focus more on issues facing its female employees. Today, Ernst & Young has become a leader in advancing gender equality not only within the organization but also globally through conducting research, supporting women entrepreneurs, and supporting various women's organizations.
Main Lessons
- Whole-hearted promotion and support by top management and a culture of encouragement are critical for the success of gender diversity initiatives.
- Metrics linked to business outcomes and personal performance should be part of how leaders are evaluated and rewarded.
- External engagement through advocacy, research and entrepreneurship support help communities, and also enhance the organization's global brand.
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Win-Win Situation for Business and for Women
- Strong gender diversity and inclusiveness programs result in a significant increase in the number of women in top management.
- A focus on flexible work arrangements facilitates employees' ability to integrate personal and professional commitments.
- External advocacy, research and involvement with key organizations is valued externally and has helped enhance the firm's brand.
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