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Diversity hires have it rough - as a double minority, there were a lot of things I had to figure out starting in college to navigate what they call "professionalism" - if you are able to, you can really propel yourself WAY ahead of your peers.
That being said - not to be that person - Racism is still very real.
People naturally have ingrained unconscious bias and support those that represents themselves their daughter or their son while ey is making leadership aware aware of the issue the fact is black employees get less bd opportunities and less access to information on the movement of the firm so they can learn the business additionally most of the time when a black makes a mistake there is no second chance to rectify and unconscious bias make it's easier to right off the employee
^ I slowly heard King Kendrick playing as I read EY1 post
*hand
https://www.theatlantic.com/business/archive/2015/10/why-black-workers-really-do-need-to-be-twice-as-good/409276/
https://www.google.com/amp/s/newsone.com/2816241/study-finds-black-fathers-are-active-parents-despite-stereotypes/amp/
https://youtu.be/91_G8iaokk8
Accounting heavily attracts white and Asian people in general. At least in my office the management reflects the starting classes racially.
Only speaking for "diverse" professionals that needs sponsorship/visa, then not getting one through lottery forces them to leave 😩
Here are some facts. Financial Services tax practice, about 140 professionals total, no black partners, no female partners, two female MDs, 1 black director and one mixed, no black managers, 1 black senior, less than a handful black associates. We are a diverse group, just not when it comes to people of color. A none-fact but rather observation from various manager conferences is that PwC and maybe Big 4 in general diversifies with foreign hires (myself included) and professionals of Asian descent who are second or third generation. At least at the leadership levels.
^Blacks make up something like 5% of accounting students in America (not an exact number, but I believe it's something extremely low like this). Therefore, if blacks made up 5% of positions in PA that would be proportional representation. Not sure how Financial Services tax practice shakes out, but you need to look at the pipeline. How many black students are mastering in tax with a financial services emphasis? I think part of the issue is that blacks are by large not going into accounting as a major. Yes there is some under representation at the upper levels, but when you take into account the proportion of people studying accounting, it's not as stark as it seems. The question needs to be why they aren't studying accounting in school (or STEM in general) and how to increase that. You need to start at the bottom level and that's getting people interested in the profession in the first place.
https://nasba.org/features/nasba-explores-ways-to-increase-diversity-in-accounting-profession/
A bit old, but based on that study blacks make up only 3% of the CPA population. Since manager and above all require CPAs, if there are 3 black employees in a population of 100 employees, that would be proportional to the overall population. It would seem as being non-diverse because it's a small number, but it would be equal weight to their overall representation of CPAs.
http://m.nationallawjournal.com/#/article/1202789196516/KPMG-Settles-Feds-Discrimination-Claims-but-Scrutiny-Is-Far-From-Over?_almReferrer=https:%2F%2Fwww.google.com%2F
Shout out to the folks that say there is no discrimination in PA 😂😂😂😂 refer to the link above.
420k settlement? That's nothing to them. Seems like something they pay to make it go away. Litigating the lawsuit would cost more than that.
@PwC1 read article. The firms lawyers say they vehemently deny the accusations. Large corporations often settle lawsuits because he cost of litigating would be more expensive. Sorry, but a $420K settlement is not the smoking gun you seem to think it is.
^learn how to read. Good practice for your work.
Agreed!
@pwc2 if your facts are correct, that means you have 3-5% blacks in your population of 140. Ie in line with the 3-5% stated in the articles on blacks doing CPAs. So what's the issue exactly? What's the average age of your partners? Let's find out what the partipation rates were at the time your partners studied their CPAs?
Just to recap I believe to op was staying the retention issues of blacks and others at out firms is seems like we are now stating low number in account based degrees amongst blacks means low number in retention of minority's don't all of our firms have areas besides accounting specific work? Seem like the thread got highjacked by a causation fallacy
I'm just not sure there's any data that supports the premise that retention rates amongst blacks is lower than their ethnicities. All we've seen on here are feelings and opinions. No fact based studies.