We were delighted to attend the UK Social Mobility Business Seminar on the 19th of March.
The UK Social Mobility Awards have been established to recognise and celebrate the achievements of those organisations that are making huge advancements when it comes to social mobility in the UK. 2019 marks the third year of this inspiring series of events, and Milkround is proud to be sponsoring the Business Seminar and launch of this year’s awards.
We heard from keynote speaker, Nadhim Zahawi MP and Professor Anthony Heath of CSI Nuffield, as well as panelist members on the day: Matthew Coats CB, Sarah Moore, Steven Cooper and Yasmine Chinwala.
Professor Anthony Heath covered both research and insight into why organisations should be caring about social mobility. With the answer being that it’s not just about social justice and a moral argument, but there is also a business case for it too – with greater diversity and less groupthink creating a better work dynamic and working environment.
There is a wastage of talent if you or universities do recruit based on your social background, rather than an ability to do the job
Professor Anthony Heath, CSI Nuffield
It is therefore important that employers are making these changes, especially those large organisations who can use their size and reach to put a stamp on social mobility and create influential change in student and graduate recruitment.
Putting this into action
Both Steven Cooper, previous CEO of Personal Banking at Barclays and Sarah Moore of PwC discussed how they are helping students from disadvantaged backgrounds get into these industries.
With Barclays struggling to recruit young people into their Cardiff regional office and a realisation that they could be doing more when it comes to diversity, they created a successful apprenticeship programme, going into the poorest and least privileged schools to promote the opportunities within the bank. From this, Barclays were able to access a significant amount of talent, creating a strong business case for improving social mobility on a larger scale.
PwC shared insight into their 5-point plan and why it is important to be clear on what works for your business, how you are going to get there and what you are trying to achieve. For PwC, they found going into schools really built momentum and opening an office in Bradford enabled them to reach out to students from poor backgrounds, offering a training plan and giving them opportunities to strive for.
Diversity with Milkround
We recently worked with leading accountancy and professional services firms to improve social mobility in the industry. As part of this campaign, we educated our audience through content pieces on our site, ran workshops at schools across the country and hosted a national competition for students from lower socio-economic areas of the UK.