According to Latest Catalyst Report - First Report in Series Focuses on Challenges Surrounding the Retention of People of Color
Approximately 50 percent of people of color in the accounting industry who were surveyed do not feel obligated to stay with their current firm, and nearly one-third of women of color in the study were at risk of leaving within the year, according to Retaining People of Color: What Accounting Firms Need to Know, being released today. This latest research is the first report in Catalyst’s Women of Color in Professional Services Series and provides context for the succeeding large-scale studies on women of color in professional services that Catalyst will release over the next two years. This report offers insights into the unique barriers facing women of color in the workplace and suggests action steps for senior leaders, human resources and diversity professionals, and managers to build awareness and more understanding regarding the experiences and perceptions of women and men of color.
The retention of top talent is particularly important to accounting firms. “To stay competitive, these firms can’t afford to train employees only to see many of their best and brightest leave to pursue other options,” said Ilene H. Lang, President of Catalyst. “Organizations that work to break down the ‘concrete ceiling’ that impedes the advancement of people of color will benefit by capitalizing on the full talent pool.”
See full Press Release.
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