KPMG and PWC reject all-male lists from recruiters
BIG FOUR accountants KPMG and PWC have warned recruiters they will no longer tolerate all-male shortlists as UK bosses come under increasing pressure to hire female executives.
KPMG’S UK chairman, Bill Michael, held a crunch meeting with recruiters last month to make clear that the firm had adopted a “no tolerance” approach to candidate lists with no women on them, sources have told The Sunday Telegraph.
Joined by head of audit Philip Davidson, and senior partner Anna Purchas, the KPMG executives told agencies to try harder to find talented women if they want to keep working for the auditor. The trio argued that some recruiters have claimed there are no eligible female candidates for certain roles, only for them to go to find the talent quickly themselves.
The stern warning came months after the accountant revealed that women earned 42pc less than men on average due to the lack of women in the top, best-paid roles. PWC, which has also introduced a ban on all-male candidates, has the highest gender pay gap of the Big Four at 43.8pc.
Spokesmen for Deloitte and EY said they look for diverse shortlists but do not have a ban in place.
Many financial services firms are reconsidering their hiring policies following the Government’s mandatory gender pay reporting rules. Price comparison website Gocompare, for example, insisted on an all-female shortlist for its latest senior vacancy.
The topic was brought into sharp focus last week after the Treasury picked the only man from a shortlist of five for a role on the Bank of England’s monetary policy committee.
On the same day, a governmentbacked review shamed some of Britain’s leading companies into using “pitiful and patronising” excuses to keep women out of top jobs.