Congratulations to the Bank of England for their Court Review of Ethnicity Diversity and Inclusion, which has been well thought out and addresses some the organisation not hitting targets set in 2014. We use this as a case study to help others ensure they are taking action to remove the barriers for ethnic minority groups.
By using their surveys, data and research to help advise on strategy, their review has already not just helped their organisation through greater transparency, which builds trust and belonging, but is also helping show other organisations how to improve their strategy.
So what have we learned from this? Here’s our tips on how your organisation can mirror their success.
1. Compile factual reporting to allow buy in from the whole organisation
The Bank of England used HR staff and recruitment data, staff surveys and examined what external organisations were doing to feed into their report. This was backed up by listening to their employees across the organisation. The Bank of England said that they recognised that no single source of data is perfect; instead we looked for common themes and acknowledged where we had less confidence in our analytical conclusions.
2. Examine where you are on your journey
Access the measures you are putting in place, and the impact they have created. Understanding where you are on the journey and learning from past mistakes is crucial to informing on next steps.
3. Use lived experiences to inform and back up your reporting
We have seen a number of organisations go back to listening to their ethnic minority employees to hear about discrimination and the hurdles faced. Bank of England found that Black colleagues often felt they were being interrupted in meetings.
4. What next? Most importantly use information gathered to inform on strategy and take action
Through the Bank of England’s extensive analysis and research, followed by examining what other organisations are doing, they were able to create a clear action plan and strategy.
Check out Bank of England’s Review here: