Unsolicited Impact Imagination:
Retaining Underrepresented Talent at Deloitte

A title slide with text that reads: EducateD. Reimagining Employee Education Benefits Management at Deloitte-US. To the right of the text is  with a photo of a black woman with large natural hair, sitting and using a laptop

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.