We’re committed to making KPMG a business that’s open to all, whoever you are and whatever your background. To make that a reality we need to better understand the barriers being faced by historically underrepresented groups. In December 2022, we published leading research into the progression rates of people within our firm, examining 16,500 colleagues over a 5-year period – the most in-depth study of its kind undertaken by a single organisation.
Our research found that social class is the biggest barrier to career progression, compared to any other diversity characteristic. And when that’s combined with some other minority characteristics, career advancement is impacted even further.
Jon Holt, Chief Executive and Senior Partner, KPMG in the UK, says “By its very nature, socio-economic background is complex and emotive – it requires us to confront how our upbringing shapes the opportunities we have access to later in life. But as challenging as that might be, we must lean into the discomfort if we are to ensure no one is overlooked or left behind. Career advancement should be about realising potential: it is not about background or polish.”
Recognising the need for more targeted action, we launched a promotion readiness programme ‘Reach’, aimed at supporting colleagues from low and intermediate socio-economic backgrounds, taking into consideration the impact of other minority characteristics where appropriate.
Jade, a participant of the programme said “The sessions that I attended as part of the programme provided practical guidance and useful tips for the interview process and gave an opportunity for a helpful and open discussion on confidence and mindset for the new role.”
Zeena, a fellow programme participant added “It was a chance to not only think about my achievements, but to also see the promotion in the wider context of KPMG rather than just my area of the business. Reach helped me grow my network and converse with people in a similar position to me with the same excitements and fears.”
In its initial pilot, the programme targeted colleagues at manager level during our October promotions and of the 76 colleagues that took part, 79% were promoted.
Following the success of the pilot, the programme is due to be expanded to target both managers and senior managers during our bi-annual promotion rounds.