Unsolicited Impact Imagination:
Retaining Underrepresented Talent at Deloitte
IMAGINED IMPACT PARTNER(S)
Deloitte
Guild
IMAGINED IMPACT AREA(S)
Employee Experience + Inclusion;
Benefits Management Strategy;
Workforce Attraction + Retention
PROVIDED EXPERTISE
Inclusion Consulting + Strategy;
User Experience Design
PROJECT DURATION
Developed over course of ~3 hrs (2021)
CHALLENGE
Deloitte is a competitive employer seeking to provide the #1 talent experience, but that experience varies greatly based upon an employee's level and identity. Challenges to attracting current and prospective diverse talent include:
Low retention of diverse talent in senior leadership
Black & Hispanic/Latinx practitioners drop off at the Senior Consultant level
Female practitioners drop off at the Senior Manager level
Inaccessible professional development offerings
The Graduate School Assistance Program (GSAP) is limited to a subset of “qualified” applicants
The National Tuition Assistance Program (NTAP) is heavily manual and requires senior leadership approval
Looming unmet talent diversity goals
By 2025, Deloitte seeks to increase the number of Black & Hispanic/Latinx professionals by 50% and to increase the number of female partners by 25%
OPPORTUNITY
Now, more than ever, prospective and existing employees are looking for employers who value diversity and invest in developing their people.
With Guild, Deloitte can work towards achieving the #1 talent experience and meeting diversity goals by reimagining employee education benefits with EducateD, Deloitte’s Education Benefit System (powered by Guild) .
APPROACH
EducateD. will provide inclusive support to employees in two primary ways:
Degree-earning Marketplace Platform
Customized portal featuring degree-earning programs that employees may choose to enroll in and may apply up to $5,250 of tuition assistance towards enrollment/tuition costs
Benefits:
Single platform to search, enroll in, and pay for pre-approved education programs
Opportunity to open eligibility to all employees
Track progress across courses
Easily measure success indicators (e.g., participation rates, retention of enrolled employees by demographic, etc.)
Personalized Development Coaching
Tailored coaching experience recommended to those practitioners whose responses indicate they may need more support navigating their talent experience challenge
Benefits:
Improve feelings of support throughout program participation
Reduce reliance on client-facing staff to support developing practitioner
OUTCOME(S)
Following implementation of EducatedD., Deloitte could expect the following outcomes over the first 3 years of the partnership with Guild:
Retain + Upskill existing underrepresented talent
Foster culture of inclusion to attract new diverse talent
Sustain program expenses with retention cost savings and other components that comprise the ROI of additional educational opportunity for talent
RISKS TO ADOPTION
The EducateD. solution only replaces the NTAP. GSAP will remain as a program. Additional exploration will need to occur to determine how best phase/increase accessibility to GSAP using the EducateD. platform
NEXT STEPS:
To move forward with developing Deloitte’s customized education benefit solution, EducateD., we will conduct a 6 Week Visioning Sprint to align on program objectives, goals, and strategy. Key Activities to expect during the Visioning Sprint include:
Perform interviews (UX Research) with relevant stakeholder groups
Facilitate Visioning Workshop to align on next steps
Develop a Project Roadmap to build and implement EducateD.