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Latest 2023 º£½ÇÊÓÆµ Diversity Review shows 'promising advancements' in business

The DIAL Global Diversity Review looked at 87 of the º£½ÇÊÓÆµ's largest companies including: Alfa, Barclays, Britvic, Havas, KPMG, Pfizer, Royal Mail and more

The 2023 º£½ÇÊÓÆµ Diversity Review shows 'promising advancements' in diversity

An annual review has found that many of the º£½ÇÊÓÆµ’s largest companies have increased their focus on diversity and inclusion, but factors such as age, socio-economic status and sexual orientation are still lagging behind with stalled progression on gender equality.

The DIAL Global Diversity Review 2023 looked at 87 of the º£½ÇÊÓÆµ's largest companies including: Alfa, Barclays, Britvic, Havas, KPMG, Pfizer, Royal Mail and more. The annual review looks at diversity, inclusion, belonging and equity in large º£½ÇÊÓÆµ companies.

The report conducted by Diverse Inclusive Aspirational Leaders highlighted "positive progress" in many of areas, with 84% of participating companies now having a chief diversity officer or equivalent role in place, and a significant increase in the number of companies with at least one member of their senior leadership team classed as being from an ethnic minority background. But when there is representation at the top, on average it is still a 1:4 split of ethnic minority leaders to white leaders.

Mental health, religion and nationality topped a list of 10 different diversity facets most companies excel on.

However, gender parity at a senior level has stalled, with only 34% of companies saying they have 50/50 representation at the top. And when women make it to the senior leadership level or to a board of directors, on average they are still in the minority with only two out of five members being female.

Age, socio-economic status and sexual orientation came bottom of the list. The same survey in 2022 also placed these three facets last.

Seven in nine (78%) of participating companies said they have specific outreach programmes to target candidates from schools in lower socio-economic areas or socio-economic backgrounds. Although less than half (49%) said they collect and monitor data on the socio-economic background of their workforce.

The diversity and inclusion accelerator's study also found that 73% of businesses had specific measures in place to reduce age bias in recruitment, but less than 1 in 3 (32%) actually provide training geared towards older workers.