BCG Innovation Award - People Development Initiative

BCG LGBT NetworkPeople Development Initiative

March 23, 2011Gabrielle Novacek

1

People development is core to our mission

Recruiting

Alumni

and

community

Career and

affiliation

Actively recruit top talent from

the LGBT community to build

LGBT application and

acceptance rates

Reach out to our alumni and

the broader LGBT community

to promote BCG values

Provide an attractive and

supportive work environment to

ensure that all LGBT members

worldwide have the opportunities

to succeed and are motivated to

flourish at BCG

BCG LGBT

Network

Mission

2

What is the People Development Initiative?

GoalIn-depth career development support

for LGBT employees throughout their

career to increase the likelihood of

promotion, in conjunction with robust

affiliation programs to ensure

retention of top talent

Business objectivesProvide additional mechanisms to

enhance our employees' capabilities

within an environment where every

individual can be his or her true self...

Ensure that BCG retains top talent

able to bring diverse perspectives to

complex business problems,

especially as BCG's business is

constrained by the need for talent

3

Have developed robust toolkit, actions, and accountability model

Group and individual needs identified

Integration into overall BCG development program

Governance structure Key metrics

Toolkit

Actions

Tracking

Strengths

and AFDs

survey

Group

discussions

Experience

database

Mentor-

mentee

one-on-ones

Leadership

review of

feedback

Senior mentor coaching Senior leader-led trainingExpertise sharing

Peer-to-peer training Expertise guideOffice leadership coaching

Ne

two

rk

gro

wth

Pro

mo

tio

ns

Acco

lad

es

4

Example: LGBT senior members provide coaching and mentorship

Speak with members

Gather

CDC

formsReview & plan

in LGBT leadership

team

Executeplans

Define participants with local CDCs

Membershipcareer

development

Continuous coaching

Coaching and mentoring program process Additional activities

One-on-one mentoring with

LGBT members in local offices

Problem solving as different

issues arise

Ensure all LGBT BCGers are

being treated fairly

Work with senior management

and local office administrators

Act as voice of LGBTN in larger

BCG community

5

Example: taking action on communication and presence based on member survey

Conducted pre-

workshop survey

Clear signal that communication and

credibility topics of concern

Workshop to

discuss as group

Prior to North America

meeting, distributed

survey to attendees

Asked questions re:

feedback members had

received in recent

reviews

Asked for input on

topics that would be

most helpful to discuss

in development

workshop

Lead by senior mgmt

(straight allies) and

senior LGBTN member

Revealed "comfort" of

LGBTers in executive

male-driven meetings

leading to decreased

participation

Found that issue was

internal; feared being

judged

Worked as group to

develop strategies to

address

% identifying as area for development

0

All LGBT Network consultants

Client interation

Practicality

& effectiveness

Problem solving

& insight

Communication

& credibility78

22

11

10050

6

Example: active engagement from senior BCG management

Two workshop sessions at

recent Super-regional meeting ...led by senior BCG management

Rich Lesser

Chairman, NA and SA, New York

Thomas Wurster

West Coast System Lead and OA, San Francisco

Tom Lutz

Southern System Lead and OA, Dallas

Joe Davis

East Coast System Lead and OA, Washington DC

Matt Krentz

GLC System Lead & OA, Chicago

Ian Frost

Sr Partner & Americas Consulting Team Lead, Chicago

7

Affiliation programs a cornerstone of PDI

Everyone has a role...

Group structured by

functional topics and

geography....

...and includes everyone

from our newest members

to most senior

...with frequent touch

points...

• Weekly regional calls

• Monthly global

leadership calls

• Global and regional

conferences

• Informal local outings

• Recruiting events

• Newsletters

• Intranet

• Special topic groups

• Advocacy

• Career development

meetings

• Etc.

...in building

something of

importance

BCG as employer of

choice

• Affiliation

• Career support

• Strong policies

Broad network

• Co-members, alumni,

colleagues at other

firms, community at

large

Active in community

• HRC, Stonewall

• Reaching Out, OUBC,

IvyQ, Out on Bay

Street

8

Example: new member welcome pack sent upon joining the LGBTN

9

Example: member efforts driving changes within BCG

December 2010 – NYT Bucks Blog indicates

BCG in discussions on equalizing Federal

Taxation on same-sex domestic partner

benefits

In conjunction with this honor

from the HRC, we have today

announced that BCG has

adopted tax equalization for

same-sex domestic partner

benefits, effective 01/01/2011

10

Many thanks from the entire BCG LGBT Network