Deloitte

1
Deloitte Touche

• A Commitment to Retaining Talented Women and
  Minorities

2
A Little Background

• Accounting and Consulting Firm
• Today, the 2nd largest in the US
• Committed to recruiting talented minorities and
  women

3
Diversity Problem

• Early 1990s
• Minorities and women were quitting their jobs
• Disproportionate to white males

4
Result

• Management dominated by men
• In 1991 out of 50 candidates for partner, only
  4 were women

5
Why?

• Some managers concluded it was for personal
  reasons or to raise families
• CEO Mike Cooke did not agree
• Established taskforce to investigate
• Discovered women were leaving due to low
  expectations of a future in the male-dominated
  culture

6
Solution

• Initiative for the Retention and Advancement of
  Women was launched in January 1993
• Organization wide mentorship program
• Flextime
• Taken steps to dissolve faulty perceptions and
  stereotypes in the workplace

7
Further Investigation

• Cooke wanted to find out how managers viewed men,
  women, and minorities
• Men potential
• Women current performance
• Women and minorities passed over for top
  assignments and excluded from networking
  activities

8
Results

• Now more successful at retaining talented women
  and minorities than any other accounting firm
• Consistently voted as one of the best companies
  to work for in the US
• The number of female partners and directors has
  increased by 98 percent

9
Number of Leadership Positions Held By Women
10
Percentage of all Partners/Principals and
Directors Who are Women
11
Number of Women in Management
12
Awards

• One of "The 100 Best Companies to Work For" in
  America, Fortune magazine)
• Awarded to the firm by Fortune for five
  consecutive years
• 2001 Corporate Vision Award
• Working Mother magazine's "100 Best Companies for
  Working Mothers
• Awarded eight consecutive years (1994-2001)
• 1999 Leadership America Vision Award
• The Catalyst Award, 1995

13
Further Action for the Future

• Vision 2005
• Advancing women is the new business imperative.
  Within a supportive, flexible culture, women will
  be represented proportionately at all levels and
  hold significant leadership and client service
  roles.

14
Conclusion

• Significant improvements have been made and
  getting better every year