Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

BT scraps diversity targets from managers’ bonuses

by February 6, 2025
February 6, 2025
BT scraps diversity targets from managers’ bonuses

BT is preparing to remove diversity, equity and inclusion (DEI) metrics from the bonus calculations of thousands of its middle managers, just weeks after its chief executive denounced businesses that roll back their inclusivity commitments.

Currently, as much as 10 per cent of annual bonuses for around 37,000 BT managers is tied to targets for gender, ethnicity and disability representation, along with engagement among under-represented employee groups. From next year, that measure will be replaced by a broader survey of overall staff engagement, leaving only the company’s 550 most senior leaders subject to specific DEI-related bonus metrics.

BT insists that it remains focused on its existing manifesto targets, which aim by this year to have 41 per cent of senior managers who are female, 15 per cent from ethnic minorities and 10 per cent with a disability. So far, the company says, 35 per cent of its senior managers are women, 9 per cent are from ethnic minority backgrounds and 14 per cent have a disability.

The proposed changes come as Allison Kirkby, BT’s first female chief executive, looks to revitalise the former state-backed telecoms giant. Although BT says it is “making good progress” on DEI, the move has prompted concern that British businesses could be weakening their drive towards inclusive workplaces.

In a memo to staff, Kirkby had voiced her resolve to protect BT’s DEI efforts, saying it was disheartening to see other companies “stepping back”. BT reiterated her stance, stating DEI will remain part of senior executives’ bonus schemes.

Meanwhile, across the Atlantic, Google told employees it will abandon a goal to increase hiring from historically under-represented groups and is reviewing other DEI policies. The search engine giant first announced such targets in 2020 amid widespread corporate pledges to address racial inequality following the murder of George Floyd. However, recent legal and political challenges in the United States have encouraged several major American companies to scale back DEI initiatives.

Meta Platforms, Walmart and McDonald’s are among those who have pared down their inclusivity programmes. Others, such as JPMorgan Chase and Goldman Sachs, say they plan to maintain diversity commitments and promote representation within their workforces and customer bases.

Read more:
BT scraps diversity targets from managers’ bonuses

0
FacebookTwitterGoogle +Pinterest
previous post
Leader Thune backs Senate GOP bid to speed past House on Trump budget plan
next post
Lancaster University spinout wins major backing to revolutionise healthcare diagnostics

You may also like

Top female angels invest £4.5m to turbocharge opportunities...

November 3, 2022

Rolls-Royce to cut up to 2,500 jobs

October 17, 2023

WH Smith, M&S and Argos among hundreds fined...

June 21, 2023

How to grow your online business with affordable...

August 7, 2023

Types of Loans – How to Choose the...

November 29, 2022

Brompton Bicycle confirms first equity capital raise for...

May 16, 2023

Paris hotels see surge in revenue as Olympic...

August 1, 2024

Volkswagen warns of ‘harmful’ consequences from Trump’s Mexico...

January 21, 2025

October new car market beats pre-pandemic levels but...

November 6, 2023

Unions demand flexible working for civil servants

July 29, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Horizon victim Lee Castleton sues Post Office and Fujitsu for £4.5m in landmark legal claim

      August 7, 2025
    • Bank of England expected to cut interest rates to 4% amid weakening UK economy

      August 7, 2025
    • OpenAI in talks over $500bn share sale, potentially surpassing SpaceX in value

      August 7, 2025
    • UK construction activity slumps to lowest level since Covid amid housing slowdown

      August 7, 2025
    • Getting to Know You: Stuart Davis, CEO & co-founder, Dubs Universe

      August 7, 2025
    • TSB brand under threat as £2.65bn sale to Santander approved by Sabadell shareholders

      August 7, 2025

    Categories

    • Business (8,697)
    • Investing (2,179)
    • Politics (16,329)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved