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People over profits: ‘Don’t promote leaders unable to manage, develop staff’

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11 November 2023 by IdeaSpies

The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they cannot manage and develop staff – even if they perform well financially for the firm.

Former sex discrimination commissioner Elizabeth Broderick also told the ongoing Senate inquiry into consultants that “most professional services firms have a culture of long working hours” because of their time-based billing systems.

Ms Broderick told the inquiry that professional services firms were prone to having “long working hours” because the system typically operated on billing by time, which meant that time not billed today was “worth nothing tomorrow”.

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