The Diversity & Flexibility Alliance is a think tank dedicated to creating work environments centered on inclusion and innovative thought leadership. The Alliance empowers organizations with the tools necessary for advancing women, fostering flexibility, and retaining top talent.
To learn how we can help your organization, please get in touch.
Action Step – INCREASING GENDER PARITY WITH CONSISTENCY & INTENTIONALITY
The Alliance’s Action Steps are designed to assist organizations with implementing practical strategies and policies related to diversity and flexibility. Members can access full versions of all of the Alliance’s Action Steps in the Member Resource Center.
Our 2024 New Partner Report demonstrates concerning results. The 41.6% share of women in the 2024 new partner class represents a nearly 2% decline from last year’s figure of 43.3%. Further, we saw declines across AmLaw 50, 100, and 200 firms, a nearly 3% increase in the gap in the share of new women partners compared to the share of women associates, and a reduction in the new partner class size by an average of 1.3 partners. These data points demonstrate consistency in the reduced share of women in new partner classes across firm sizes, a pipeline challenge at the top, the shrinking of the overall pool of advancement opportunities, and a boomerang effect over the years pointing to the volatility of women promotions.
Firms need to adopt an intentional, structured and data-driven approach to make consistent progress with gender parity at the top.
Action Step – HIGHLIGHTS & INSIGHTS FROM OUR 2024 ANNUAL CONFERENCE
The Alliance’s Action Steps are designed to assist organizations with implementing practical strategies and policies related to diversity and flexibility. Members can access full versions of all of the Alliance’s Action Steps in the Member Resource Center.
The Alliance’s 2024 Annual Conference, Harnessing the Power of Your Organizational Culture, brought together industry leaders and innovators to explore transformative approaches to workplace culture. Through dynamic keynotes, collaborative networking opportunities, and innovative panels, participants gained actionable insights for elevating their organizational and talent strategies. Here are the key themes that emerged:
When organizations maintain clarity on these cultural foundations, they can operate from a position of strength rather than reactivity, make decisions based on cultural alignment, move beyond finding common ground to reaching higher ground, and enable their people to be effective culture carriers. The bottom line remains clear: your culture is your organization’s heartbeat, defined not just by what you say, but by your actions, values, and treatment of people.
Action Step – Stay Interview Implementation Guide: The R.E.T.A.I.N. Framework
The Alliance’s Action Steps are designed to assist organizations with implementing practical strategies and policies related to diversity and flexibility. Members can access full versions of all of the Alliance’s Action Steps in the Member Resource Center.
Stay Interviews are a powerful tool in the modern corporate landscape, offering a proactive approach to employee retention and engagement. Unlike exit interviews, which gather insights when it’s too late to retain an employee, Stay Interviews allow organizations to address concerns, leverage strengths, and foster loyalty before valuable talent considers leaving.
The benefits of implementing a robust Stay Interview program include:
1. Improved Retention: By identifying and addressing potential issues early, organizations can significantly reduce turnover rates.
2. Enhanced Engagement: Stay Interviews demonstrate that the organization values its
employees’ opinions and experiences, leading to increased engagement and productivity.
3. Targeted Development: These interviews provide insights into employees’ career aspirations, allowing for more tailored professional development opportunities.
4. Cultural Insights: Regular Stay Interviews offer a pulse check on company culture, helping leadership understand and shape the employee experience.
5. Predictive Power: Stay Interviews can help identify trends and potential issues before they become widespread problems.
The R.E.T.A.I.N. framework outlined in this guide provides a structured approach to implementing and maintaining an effective Stay Interview program. By following these steps, organizations can harness the full power of Stay Interviews to create a more human centered workplace.
Members: Continue reading this Action Step in the Member Resource Center
To read this entire Action Step become a member of the Diversity & Flexibility Alliance. To learn more contact Manar Morales.