The CMI last week launched their new campaign, Delivering Diversity, the campaign aims to to raise awareness as well as give giving clear actions for managers to improve BAME diversity in the workplace.
Around 12.5% of the UK population are BAME yet they hold just 6% of top management positions. The new report, in partnership with the British Academy of Management, explores how businesses are working to increase diversity throughout the management pipeline.
Closing this representation gap is an urgent challenge – and a major opportunity, which could add £24bn to the economy annually.
Global changes demand diversity too. FTSE 100 businesses already generate 75% of their income from outside the UK, and emerging markets are growing rapidly. More than ever, businesses need diversity of backgrounds, life experiences and viewpoints at every level of management.
The economic benefits are clear. Full representation of BAME individuals across the labour market would be worth £24bn a year to the UK economy.
The biggest business driver for diversity is improving performance, as 75% of HR/diversity leaders told us. Despite that, not a single one of the diversity leaders we interviewed gave their company’s current performance on BAME diversity top marks, a ‘very good’ rating. Only 54% said that senior business leaders are championing BAME diversity.
Next Steps:
Joining Youth Employment UK as a community member and gain best practise insight on engaging with staff
Take a look at the Talent Match Mark and find ways you can show your support to young people
Read the full report and executive summary of the research here
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Youth Employment UK Membership is a strategic step for organisations of all sizes who want support and recognition for their commitment to creating quality early career opportunities in line with Good Youth Employment Standards.
As experts on youth employment and co-founders of the Youth Employment Group, we are ideally placed to understand the complex landscape facing young people, employers and policy makers.
nges demand diversity too. FTSE 100 businesses already generate 75% of their income from outside the UK, and emerging markets are growing rapidly. More than ever, businesses need diversity of backgrounds, life experiences and viewpoints at every level of management.
