What is the status of diversity, equity and inclusion in the financial services industry? What are the best practices? BAI recently found the answer to those and many other questions. Answer the ones below to see what you know.
A. 25%
This is incorrect. According to BAI Banking Outlook research, 75% of financial services organizations have a published DEI statement. In fact, 100% of organizations with $150 billion+ in assets have a published DEI statement, although smaller organizations lag behind.
What DEI opportunities should your organization be seeking?
B. 45%
This is incorrect. According to BAI Banking Outlook research, 75% of financial services organizations have a published DEI statement. In fact, 100% of organizations with $150 billion+ in assets have a published DEI statement, although smaller organizations lag behind.
What DEI opportunities should your organization be seeking?
C. 75%
This is correct. According to BAI Banking Outlook research, 75% of financial services organizations have a published DEI statement. In fact, 100% of organizations with $150 billion+ in assets have a published DEI statement, although smaller organizations lag behind.
What DEI opportunities should your organization be seeking?
D. 100%
This is incorrect. According to BAI Banking Outlook research, 75% of financial services organizations have a published DEI statement. In fact, 100% of organizations with $150 billion+ in assets have a published DEI statement, although smaller organizations lag behind.
What DEI opportunities should your organization be seeking?
A. Chief Human Resources Officer
This is incorrect. Depending on the organization, a Chief Diversity Officer may report to the Chief Human Resources Officer or another C-Suite executive, but most report directly to the CEO.
Do you have a Chief Diversity Officer? What responsibilities do they have? Learn what financial services organizations across the country are doing.
Read the BAI Banking Outlook special report, Diversity, Equity and Inclusion
B. CEO
This is correct. Depending on the organization, a Chief Diversity Officer may report to the Chief Human Resources Officer or another C-Suite executive, but most report directly to the CEO.
Do you have a Chief Diversity Officer? What responsibilities do they have? Learn what financial services organizations across the country are doing.
Read the BAI Banking Outlook special report, Diversity, Equity and Inclusion
C. Line of Business Leaders
This is incorrect. Depending on the organization, a Chief Diversity Officer may report to the Chief Human Resources Officer or another C-Suite executive, but most report directly to the CEO.
Do you have a Chief Diversity Officer? What responsibilities do they have? Learn what financial services organizations across the country are doing.
Read the BAI Banking Outlook special report, Diversity, Equity and Inclusion
D. Board of Directors
This is incorrect. Depending on the organization, a Chief Diversity Officer may report to the Chief Human Resources Officer or another C-Suite executive, but most report directly to the CEO.
Do you have a Chief Diversity Officer? What responsibilities do they have? Learn what financial services organizations across the country are doing.
Read the BAI Banking Outlook special report, Diversity, Equity and Inclusion
A. 33%
This is incorrect. According to BAI Banking Outlook research, 89% of financial services employees agree or strongly agree their leadership supports DEI goals.
What role should leadership play in setting DEI goals? Learn more by—
Reading the BAI Banking Strategies article, Keeping the Focus on Diversity, Equity and Inclusion
B. 50%
This is incorrect. According to BAI Banking Outlook research, 89% of financial services employees agree or strongly agree their leadership supports DEI goals.
What role should leadership play in setting DEI goals? Learn more by—
Reading the BAI Banking Strategies article, Keeping the Focus on Diversity, Equity and Inclusion
C. 73%
This is incorrect. According to BAI Banking Outlook research, 89% of financial services employees agree or strongly agree their leadership supports DEI goals.
What role should leadership play in setting DEI goals? Learn more by—
Reading the BAI Banking Strategies article, Keeping the Focus on Diversity, Equity and Inclusion
D. 89%
This is correct. According to BAI Banking Outlook research, 89% of financial services employees agree or strongly agree their leadership supports DEI goals.
What role should leadership play in setting DEI goals? Learn more by—
Reading the BAI Banking Strategies article, Keeping the Focus on Diversity, Equity and Inclusion
A. Know how and where to report discrimination within their organization
Your answer is incorrect. The answer is D. According to BAI Banking Outlook research, more than 90% of financial services organization employees know where and how to report a discrimination and/or harassment incident, and believe appropriate action would be taken if they did.
Is your organization handling DEI complaints the right way?
Download the BAI Banking Outlook special report, Diversity, Equity and Inclusion
B. Know how and where to report harassment within their organization
Your answer is incorrect. The answer is D. According to BAI Banking Outlook research, more than 90% of financial services organization employees know where and how to report a discrimination and/or harassment incident, and believe appropriate action would be taken if they did.
Is your organization handling DEI complaints the right way?
Download the BAI Banking Outlook special report, Diversity, Equity and Inclusion
C. Believe their organization would take appropriate action if they reported a discrimination and/or harassment incident
Your answer is incorrect. The answer is D. According to BAI Banking Outlook research, more than 90% of financial services organization employees know where and how to report a discrimination and/or harassment incident, and believe appropriate action would be taken if they did.
Is your organization handling DEI complaints the right way?
Download the BAI Banking Outlook special report, Diversity, Equity and Inclusion
D. All of the above
Your answer is correct. According to BAI Banking Outlook research, more than 90% of financial services organization employees know where and how to report a discrimination and/or harassment incident, and believe appropriate action would be taken if they did.
Is your organization handling DEI complaints the right way?
Download the BAI Banking Outlook special report, Diversity, Equity and Inclusion
A. Connect employees from underrepresented groups and remote workers through a common cause or interest
Your answer is incorrect. The answer is D. According to leaders in the industry, an ERG can have many positive functions, including connecting underrepresented groups, bringing employees together and identifying emerging talent.
What formal DEI programs does your organization have, and what role should they play? Learn more by:
Listening to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Reading the BAI Banking Strategies Executive Report article, The ABCs of ERGs
B. Bring employees together in a safe place where conversations can flow freely
Your answer is incorrect. The answer is D. According to leaders in the industry, an ERG can have many positive functions, including connecting underrepresented groups, bringing employees together and identifying emerging talent.
What formal DEI programs does your organization have, and what role should they play? Learn more by:
Listening to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Reading the BAI Banking Strategies Executive Report article, The ABCs of ERGs
C. Identify emerging talent that might otherwise go overlooked due to unconscious bias
Your answer is incorrect. The answer is D. According to leaders in the industry, an ERG can have many positive functions, including connecting underrepresented groups, bringing employees together and identifying emerging talent.
What formal DEI programs does your organization have, and what role should they play? Learn more by:
Listening to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Reading the BAI Banking Strategies Executive Report article, The ABCs of ERGs
D. All of the above
Your answer is correct. According to leaders in the industry, an ERG can have many positive functions, including connecting underrepresented groups, bringing employees together and identifying emerging talent.
What formal DEI programs does your organization have, and what role should they play? Learn more by:
Listening to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Reading the BAI Banking Strategies Executive Report article, The ABCs of ERGs
A. True
Your answer is correct. Studies show that diverse ideas boost productivity, innovation and also leads to increased profitability.
Why should your organization encourage diverse thinking?
B. False
Your answer is incorrect. Studies show that diverse ideas boost productivity, innovation and also lead to increased profitability.
Why should your organization encourage diverse thinking?
A. They provide context
Your answer is incorrect. The answer is D. Encouraging and examining complaints helps uncover bias in a number of ways.
How can you uncover bias in your organization?
Listen to the BAI Banking Strategies podcast, A New Way to Detect Bias in Banking
B. They provide early warnings
Your answer is incorrect. The answer is D. Encouraging and examining complaints helps uncover bias in a number of ways.
How can you uncover bias in your organization?
Listen to the BAI Banking Strategies podcast, A New Way to Detect Bias in Banking
C. They uncover triggers
Your answer is incorrect. The answer is D. Encouraging and examining complaints helps uncover bias in a number of ways.
How can you uncover bias in your organization?
Listen to the BAI Banking Strategies podcast, A New Way to Detect Bias in Banking
D. All of the above
Your answer is correct! Encouraging and examining complaints helps uncover bias in a number of ways.
How can you uncover bias in your organization?
Listen to the BAI Banking Strategies podcast, A New Way to Detect Bias in Banking
A. 25%
Your answer is incorrect. According to BAI Banking Outlook research, 75% of employees feel their organization promotes fairly, regardless of race or gender. In fact, 83% of employees feel job performance reviews are also handled fairly in their organization.
What best hiring and promotion practices should your organization be following?
Read the BAI Banking Strategies Executive Report article, 6 Opportunities for Banks to Improve DEI
B. 50%
Your answer is incorrect. According to BAI Banking Outlook research, 75% of employees feel their organization promotes fairly, regardless of race or gender. In fact, 83% of employees feel job performance reviews are also handled fairly in their organization.
What best hiring and promotion practices should your organization be following?
Read the BAI Banking Strategies Executive Report article, 6 Opportunities for Banks to Improve DEI
C. 75%
Your answer is correct. According to BAI Banking Outlook research, 75% of employees feel their organization promotes fairly, regardless of race or gender. In fact, 83% of employees feel job performance reviews are also handled fairly in their organization.
What best hiring and promotion practices should your organization be following?
Read the BAI Banking Strategies Executive Report article, 6 Opportunities for Banks to Improve DEI
D. 100%
Your answer is incorrect. According to BAI Banking Outlook research, 75% of employees feel their organization promotes fairly, regardless of race or gender. In fact, 83% of employees feel job performance reviews are also handled fairly in their organization.
What best hiring and promotion practices should your organization be following?
Read the BAI Banking Strategies Executive Report article, 6 Opportunities for Banks to Improve DEI
A. True
Your answer is incorrect. Supplier diversity not only helps address social injustice by providing opportunities for diverse suppliers, but it can also help a financial services organization’s bottom line by driving competition and promoting innovation.
Why is supplier diversity so important?
B. False
Your answer is correct. Supplier diversity not only helps address social injustice by providing opportunities for diverse suppliers, but it can also help a financial services organization’s bottom line by driving competition and promoting innovation.
Why is supplier diversity so important?
A. Collecting and measuring data
Your answer is incorrect. The answer is D. Financial services leaders should set specific DEI goals that include collecting and measuring data, publishing data and keeping leadership accountable.
Does your organization have the right DEI goals in place?
Listen to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Read the BAI Banking Strategies Executive Report article, Goals and Assists
B. Publishing data
Your answer is incorrect. The answer is D. Financial services leaders should set specific DEI goals that include collecting and measuring data, publishing data and keeping leadership accountable.
Does your organization have the right DEI goals in place?
Listen to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Read the BAI Banking Strategies Executive Report article, Goals and Assists
C. Keeping leadership accountable
Your answer is incorrect. The answer is D. Financial services leaders should set specific DEI goals that include collecting and measuring data, publishing data and keeping leadership accountable.
Does your organization have the right DEI goals in place?
Listen to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Read the BAI Banking Strategies Executive Report article, Goals and Assists
D. All of the above
Your answer is correct. Financial services leaders should set specific DEI goals that include collecting and measuring data, publishing data and keeping leadership accountable.
Does your organization have the right DEI goals in place?
Listen to the BAI Banking Strategies podcast, How One Bank is Doing DEI
Read the BAI Banking Strategies Executive Report article, Goals and Assists
How can your organization improve collaboration and get better DEI results? Learn more about DEI best practices by visiting BAI’s DEI resource center.
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