An Examination of Diversity, Equity, Inclusion, and Belonging (DEIB) Initiatives in Large U.S. Public Accounting Firms to Recruit and Retain Women and Minorities in the Workplace

Abstract

Public accounting firms are currently facing lower recruitment and retention rates, but the use of effective and authentic diversity, equity, inclusion, and belonging initiatives can better the workplace environment. Through different DEIB initiatives, like mentorship programs, anti-bias training, employee resource groups, inclusive leadership, and pay equity, women and minorities can feel represented and comfortable in the workplace. From analyzing Big Four DEI Transparency Reports, a relationship is shown between effective DEIB initiatives and recruitment and retention within the firms. Furthermore, these DEIB initiatives are important aspects of a firm’s business strategy to be able to compete with one another.