Transcript Global Opportunities in Accounting
The Importance of Diversity Education in the Workplace: A Workshop for Virginia Tech Faculty and Staff Dan Lasik, Partner
Agenda for the day
Why diversity and inclusiveness is important
Perspectives from Virginia Tech alumni
How you can make an impact
The global business environment
: ► ► ► ► ► Increased sophistication of global markets Outsourcing/Offshoring Impact of US Regulations Convergence of accounting standards Shift in demographics ►
Our clients are global
► ► ► ► Domestic companies with operations abroad Foreign companies with domestic operations Investors have a global focus Cross border capital flows
Why diversity and inclusiveness is important to Ernst & Young.
People: 41,500+ Revenue: $10 billion
People: 7,000+ Revenue:$1 billion
People: 68,000+ Revenue:$11 billion
People: 27,000+ Revenue:$2billion
Driving seamless, consistent, high-quality client service worldwide
Ernst & Young’s Transformational Priorities
Diversity and inclusiveness
. We must be the clear leader in diversity and inclusiveness in order to recruit the best talent, develop our people to their full potential and team effectively.
Global mindset and integration
. We must extend our leadership in global integration and mindset in response to clients' desires for seamless global service, and the shift of capital from West to East and from developed to emerging markets .
Diversity & Inclusiveness at EY
Mix of our people
Visible and invisible differences, thinking style, leadership style, gender, ethnicity, religious background, sexual orientation, age, experience, culture etc.
A quality of the organizational environment that maximizes and leverages the diverse talents, backgrounds and perspectives of all employees INCLUSIVENESS
Leveraging the mix
Driving our Inclusiveness Recruiting Strategy: From high school to high performing EY staff and seniors Student Pathways to EY Attract high school students to priority schools Influence freshman to choose Accounting /Business as a major Offer early exposure opportunities within EY Encourage and support MSA/MST degrees High Performing Staff and Seniors Execute on Campus Students Accounting & Business Awareness Programs NEW: Ernst & Young’s Launch Program Emerging Leaders Summit Discover Tax Horizon Internship Supporting Master’s Degrees at Priority Schools National Conferences Howard University Leadership Program Build Pipeline/ Systemic Change University Employer Branding Inclusiveness Visits Faculty Diversity and Inclusiveness Roundtable Faculty Inclusiveness Award NEW: Thought Leadership: Inclusive Business Schools
Perspectives from Virginia Tech Alumni
► Ashley Perry ’11, Assurance Staff, Richmond ► Andre Crawford, Transfer Pricing Manager, Detroit
Making an impact
► Share with you a glimpse of the learning experience that all of our partners and senior managers have attended ► Provide you with a few resources
“Frames of Reference”
Our individual “system of meaning”:
How we perceive, evaluate, and relate in a social context
Biases and preferences we apply in our interactions based on visible and invisible cues
Factors influencing our Frames of Reference Age Sex Physical & Mental Qualities Sexual Orientation Skin Color Personality Etc.
Gender Identity Socio
Economic Status Ethnicity/Race Regional Culture Disability Religion Generation Etc.
Life Experiences Education Professional Training Work Background Marital Status Parental Status Lifestyle Etc.
Biological Social/Cultural Individual
Example: The ladder of inference
Frame of reference in action
Jane may not feel comfortable in a Big 4 environment Jane is a junior and should speak up to contribute Take actions Adopt beliefs Draw conclusions Make assumptions Add meanings Select data Jane would not be a strong candidate for Big 4 internship Jane knows the content yet is not assertive enough to speak up during class Observable data Ladder of Inference, Source:
The Fifth Discipline Fieldbook
by Peter Senge
Frame of Reference Jane speaks once during classroom seminar
Example: Change the frame of reference
Jane is a strong candidate for a Big 4 internship Jane made a very insightful comment on the issue Take actions Adopt beliefs Draw conclusions Make assumptions Jane would be successful in a Big 4 environment Jane’s technical skills would be valued on an engagement team Add meanings Select data Observable data Frame of Reference Jane speaks once during classroom seminar Ladder of Inference, Source:
The Fifth Discipline Fieldbook
by Peter Senge
► Have the formal and/or informal power ► Set expectations and reinforce and reward ► Have the most to gain from the maintenance standards
► Have little or no power ► Expected to adhere to the dominant standards ► Are put at a disadvantage
Depending on the situation and circumstances, each of us can be either an insider and outsider .
► Is your business school environment inclusive?
► Building a global mindset.
► Global and Inclusive leaders.