Accenture, a professional services corporation which has studied and made public its own employee demographics, plans to reach 40% female employment by 2020. In addition, the corporation recently announced a new goal for total gender parity in its workforce by 2025.
But is it possible? Studies that peg the gender ratios for corporate boards predict the year that gender parity will be realized on corporate boards is 2055. Other studies suggest it will take another 40 years to close the gender pay gap in academia. But the company has a strong ethic of transparency that they believe helps them advance community objectives, and might possibly put them in a position to lead the charge on gender equity in business. “When you publish a goal, it holds you accountable to a higher level,” says Ellen Shook, chief leadership and human resources officer at Accenture, in this article from Fortune.
Let’s hope that, by making these goals widely known, Accenture will be able to influence other corporations in the same direction. The more corporations that make public their goals to reach gender equity, the better.
From the article:
Accenture currently employs 150,000 women globally. In 2016, the company says that women accounted for 20% of its managing directors and 30% of promotions to the MD level. It aims to grow the share of female managing directors to 25% by 2020 […] The company credits its slow-but-steady progress to its willingness to experiment with how it attracts, advances, and sponsors women. Among the strategies it’s employed: a sponsorship program that connects senior women with two sponsors from the global management committee, a referral program that rewards employee who refer women, blacks, Hispanics, and veterans who are hired with a bonus, and a 16-week paid maternity leave policy.
Check out the the press release at Accenture for more information about its plans to achieve gender equity.