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The Talent Accelerator

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The Talent Accelerator The Talent Accelerator CLASS OF 2020 A cross-company UK initiative progressing Black, Asian and Minority Ethnic talent in the workplace through collaboration KEY PARTNER VIRTUAL HOST SPONSOR IN PARTNERSHIP WITH THE NETWORK OF NETWORKS The Talent Accelerator MESSAGE FROM THE VIRTUAL HOST SPONSOR MORGAN STANLEY We actively seek and truly value the insights diverse talent brings to Morgan Stanley, and were delighted to help advance exceptional ethnically-diverse talent by sponsoring the Talent Accelerator 2020. In line with our core value ‘Commit to Diversity and Inclusion’, supporting programmes like the Talent Accelerator complements our overall drive towards sustainable race inclusion, which we are progressing through our interactive Let’s Talk About Race sessions, our Future Generation scholarship, our senior leader Diversity Action Council, the breadth of our employee networks and public commitments as an early signatory of the UK Race at Work Charter. 2 The Talent Accelerator CONTENTS 4 Message from the consortium of Talent Accelerator partners 5 Letter from strategic partner Delta Alpha Psi 6 Letter from key partner The Executive Leadership Council 7 Introducing the Talent Accelerator 8 The shape of the Talent Accelerator 2020 11 An enhanced Talent Accelerator design 12 Impact of the Talent Accelerator: Content and learnings 14 Impact of the Talent Accelerator: Practical actions 16 The benefits of a targeted race and ethnicity leadership programme 18 The Talent Accelerator in a virtual format 20 Impact on career and progression 21 Recommendations for the Talent Accelerator 22 Thank you and next steps 24 The Talent Accelerator Class of 2020 Faculty 3 The Talent Accelerator MESSAGE FROM THE CONSORTIUM OF TALENT ACCELERATOR PARTNERS The year 2020 will be remembered as the year of seismic change following the devastation caused by the COVID-19 pandemic, rapid change to remote working and organisational change in large institutions triggered by worldwide protests against racial injustice and inequity. On the latter point, business leaders are challenged to demonstrate to regulators, employees, investors and society at large that they are focused on eradicating unfair work practices and investing in, and delivering against, ambitious racial equity action plans. The cross-company Talent Accelerator is an example of a critical lever for transformational change. So, what is game changing about the Talent Accelerator? The unique design of the Talent Accelerator makes it powerful because it is evidence-based, involves a world-class multicultural faculty, includes perspectives from other organisations and sectors, and involves the active participation of the following key stakeholders in the workplace: Executive Sponsors, Line Managers, Employee Network Leaders, Human Resources, Talent Development and Diversity and Inclusion experts. Furthermore, the curriculum focuses on examining the implications of the lived experiences of ethnic minority professionals with an emphasis on performance, impact, influence and resilience when one is not a member of the dominant or privileged group. Participants deeply and practically explore: 1. The power and opportunity arising from being a visible minority in today’s workplace. 2. Recognising and diffusing tensions arising from in-group/out-group dynamics. 3. Dealing with the challenges and pressures of leading from the position of a minority group. 4. Recovering from alienating experiences and leading courageous conversations. 5. Strategies, skills and behaviours to foster relationships of trust and enhance impact. The Talent Accelerator is an example of an investment that generates dividends beyond one individual. It is a ground-breaking programme that challenges all key stakeholders in the company to learn about and positively deal with visible, invisible, implicit, explicit, formal and informal structures and practices that disproportionately affect the ability of ethnic minority middle managers to rise through the ranks into senior executive roles. Many thanks to Dr Doyin Atewologun, Dr Fatima Tresh, Dr Manjari Prashar, Melanie Eusebe, Dawn Whyte, Tana Forte and Laura Aiken for their immense dedication and expertise which brought to life the Virtual Edition of the Talent Accelerator under extraordinarily difficult circumstances. A great deal of gratitude is owed to The Executive Leadership Council and Morgan Stanley for providing the underwriting for the Virtual Edition of the Talent Accelerator. To the Class of 2020, we thank you for providing us with the inspiration and confidence to continue to run the programme in 2021. We wish you all the best in the years to come! Sophie Chandauka Member, The Executive Leadership Council Chair, The Network of Networks – Race to Equity Chair and Executive Founder, the Black British Business Awards 4 The Talent Accelerator LETTER FROM STRATEGIC PARTNER DELTA ALPHA PSI Delta Alpha Psi uses the science of psychology to help businesses to get the best out of diversity. We combine an evidence-based approach with lived experience insights to create powerful, impactful and career-changing learning environments for minority and majority business leaders. As pioneers of the Inclusion Ecosystem© approach to transformational inclusive culture change, we have challenged the narrative that leadership development of ethnic minority professionals is the solution to underrepresentation. Instead, we drive the dialogue that it is the system that needs to change to fit the individual and not the individual that needs to change to fit the system. Our Inclusion Ecosystem© approach supports majority business leaders to catalyse change in the system whilst simultaneously equipping minority emerging business leaders to navigate such systems with authenticity. The BBBAwards and Delta have a shared vision of a racially representative workforce at all echelons of business, and we are proud of our longstanding partnership to bring this shared vision to life. Our collaborative effort in producing The Middle Research provided the evidence required to implement solutions. One such solution is the Talent Accelerator, a programme that we have shaped and contributed to with the BBBAwards since the 2018 inaugural iteration. 2020 provided the opportunity for the BBBAwards and Delta to reconsider the approach to the Talent Accelerator. The programme plays a fundamental role in providing a psychologically safe, career-oriented peer support network and expert insights for minority ethnic professionals. Applying our expertise and experience in delivering transformational programmes for clients in a virtual environment with evidenced impact, we are proud to have brought our Inclusion Ecosystem© approach to design and deliver this 12-week Talent Accelerator programme. The data, captured through the participants’ anecdotes, stories, feedback and evaluation, demonstrates the power of unpacking evidence-based insights and lived experience in a safe space. We hope to continue to capture the successes of the Class of 2020 as they identify untapped strengths, leverage their newly established networks and own their authentic leader identity. Dr Doyin Atewologun Director Delta Alpha Psi 5 The Talent Accelerator The Talent Accelerator LETTER FROM KEY PARTNER THE EXECUTIVE LEADERSHIP COUNCIL The Executive Leadership Council (ELC) was founded in the US with a specific and enduring focus on building the talent pipeline of the next generation of Black business leaders. As The ELC membership expands globally, the organisation is strategically aligning itself with organisations that are committed to our agenda and the advancement of ethnic minorities, particularly in the UK. As The ELC’s new President and CEO, I look forward to our participation as the 2021 Key Partner of the Talent Accelerator, and am proud to continue investing into the UK’s Black, Asian and Minority Ethnic talent pool through our robust partnership and collaboration with the Black British Business Awards (BBBAwards). We are particularly pleased to have supported the BBBAwards in its transition to the Talent Accelerator Virtual Edition. The Virtual Edition is a broader, more robust programme uniquely designed to develop delegates and strategically impact their ecosystem. We recognise the continued need for development, engagement and mentorship opportunities at this critical time when in-person networking is not possible. We commend the BBBAwards for making this important shift to ensure our pipeline continues to grow and be fostered. The ELC remains uniquely positioned to provide a bridge for connecting emerging and established leaders globally. We look forward to engaging our UK members to enhance the progression of participants and support their continued development. We wish the Talent Accelerator Class of 2020 continued success, and look forward to meeting the Class of 2021! Michael C. Hyter President and CEO The Executive Leadership Council About The Executive Leadership Council Since our inception in 1986, The Executive Leadership Council (ELC) has been committed to increasing the number of Black executives as CEOs, in c-suites, on corporate boards and in global enterprises. Comprising over 800 current and former Black CEOs and senior executives at Fortune 1000 and Global 500 companies, The ELC works to build an inclusive business leadership pipeline, empowering leaders to make significant and impactful contributions to the global marketplace and their communities. Our purpose is to open channels of opportunity for the development
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