Faced with financial difficulties, online fashion retailer Asos has opted to shift attention from diversity, equity and inclusion by once again linking management bonuses solely to financial targets. The change comes at a time when financial pressures appear to be pushing many companies to stop prioritising diversity.
In the group’s last financial year, 25% of the bonuses of Asos managers (around 4,000 employees) were linked to targets in terms of ‘diversity, equity, and inclusion’ (DEI), taking into account the presence of women and people from ethnic minorities in management positions. The remainder of these bonuses, on the other hand, were based on financial targets in terms of sales, profits or cash flow. For the current financial year, the group, which ended last year in the red with a loss of...
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