DIVERSITY, A FOUNDATION TO SUCCESS · DIVERSITY & INCLUSION Changing our behaviors and...
Transcript of DIVERSITY, A FOUNDATION TO SUCCESS · DIVERSITY & INCLUSION Changing our behaviors and...
DIVERSITY & INCLUSIONChanging our behaviors and strengthening our future @Fidelity
AMY PHILBROOKHead of Diversity & Inclusion at Fidelity Investments
DIVERSITY, A FOUNDATION TO SUCCESS
57% of WOMEN participate in the labor force, and this is growing1
1:5 AMERICANS HAS A DISABILITY (70% of disabilities are invisible)
Diverse perspectives keep businesses relevant and innovating, helping to drive results
We are increasing representation through the hiring process by re-engineering the process itself
Connect with prospective employees earlier and in new places
Drive awareness of the broad career paths in financial services
Machine learning to ensure job descriptions and requirements are inclusive and welcoming to all
Diverse interview panels to guard against unconscious bias in final decision making
RECRUIT1
Fidelity's Women's Leadership Fund invests in companies with a deep commitment to prioritizing and advancing women's leadership and development
to improving the customer experience for people with disabilities by ensuring accessibility is a design principle in everything we do
Changing how women think about money and the financial services industry whether it's refocusing the conversation to the positive or showcasing career opportunities in finance
Bringing LGBTQ investors into the investment conversation with products, services and thought leadership catered to their unique needs
CREATING CUSTOMER VALUE
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We are working to create a relevant and
COLLABORATE4
We bring others along on our learning journey to share and acquire knowledge and best practices from one another
supplier diversityspend in 2018*
partnerships with industryand non-industry partnerships
Founding member of NICSA's The Diversity Project
Member of the 30% Club
DEI participant two years running, scoring 100%
$140M30+
DIVERSITY: IT'S NOT A WHAT, IT'S A HOW
+33%above average profitability for companies with gender and ethnic diversity in leadership4
At Fidelity, we think broadly about how to create more diversity at our firm, in financial services and across all industries. We’re committed to keep learning
and exploring in this space.
922741.1.0© 2020 FMR LLC. All rights reserved.
4 McKinsey & Company 5 Disability Equality Index* Fidelity Investments, January 2020
Sources:1 United States Department of Labor2 Pew Research 3 United States Census Bureau
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 Fidelity Investments Institutional Services Company, Inc., 500 Salem Street, Smithfield, RI 02917 National Financial Services LLC, Member NYSE, SIPC, 200 Seaport Boulevard, Boston, MA 02110
"Fidelity recognizes that a diverse and inclusive workforce is the key to creating a relevant and
building a workforce that reflects the broader society, we are creating deeper connections and better collaboration with our customers."
43%of Millennials are non-white, the highest of any generation and 2x as likely to identify as LGBT2
more diversity in the employees hired in the last year vs. our current workforce*
13%Expanded recruiting from 12 schools to 200+
At Fidelity, we believe diversity & inclusion builds a connected and collaborative workforce & must be:
A process, not programs - diversity is not a box to check. Making improvements on business processes and operations will make an impact.
Layered within, not layered on top - embedding inclusive practices into all levels of decision-making to create and sustain momentum for the long-term.
Accountability for all - leaders must commit to new behaviors that will help the entire organization increase diversity and inclusion.
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DEVELOP2
Increasing advancement of under-represented talent through employee engagement and development
of Fidelity’s top talent programparticipants are women and/orpeople of color
40%
of our people are trained on building a respectful workplace and 100% of managers are trained on overcoming implicit bias
1OO%
of our female population is in management roles*1/2