The accounting and finance profession is having trouble retaining employees from different racial, ethnic and gender backgrounds, but there are some strategies organizations can use to hold onto diverse employees.
A study released in February by the Institute of Management Accountants and the California Society of CPAs found that 43 to 55% of female, nonwhite, Hispanic, Latino and LGBTQIA respondents have left a company due to a perceived lack of equitable treatment (see story). At least 30% of the respondents from each of these groups have left companies due to a lack of inclusion.
The accounting profession has long been trying to make strides in demonstrating greater diversity at accounting firms and corporate accounting departments, but despite various initiatives at the IMA, CalCPA, the American Institute of CPAs and other groups, the proportion of minority accountants in high-level positions at firms and companies remains relatively low. Nearly one