SYDNEY and MELBOURNE (Apr. 27, 2022) — L.E.K. Consulting’s initiatives to deliver flexibility, equality, well-being, growth, choice, challenge and purpose have helped drive the firm’s ranking up the 2022 AFR BOSS Best Places to Work list for Australia and New Zealand.
Strategy consultancy L.E.K. Consulting Australia has been recognised as one of Australia and New Zealand’s Best Places to Work in the Professional Services category. The prestigious annual list, published by the Australian Financial Review and BOSS Magazine, is based on a rigorous assessment process managed by Australia’s leading behavioural science consultancy, Inventium.
L.E.K. is proud to rank No.3 on the Professional Services list, from over 750 nominated organisations across Australia and New Zealand.
The assessment was made up of full employee survey and a written submission, with questions relating to policies, practices and programs that exist within our organisation to support and get the best out of our employees. The methodology is underpinned by Inventium's Workplaces of the Future framework, which identifies 10 key factors that are critical to employees feeling motivated and engaged at work and is supported by extensive research.
The full list of honourees can be viewed here.
“There has always been something very special and unique about the L.E.K. culture. We’re extremely proud to have been recognised for this award — a culmination of the deliberate and individualised approach for our people and their needs, combined with significant leadership commitment,” says Simone Weston, L.E.K. Australia’s Chief Talent Officer.
Following are some of the key initiatives implemented by L.E.K..
Seven Forms of Flex Framework — Includes familiar flexible working options plus other, more innovative choices such as Flex Pathways and Possibilities. Through these options, employees are encouraged to experience a range of career and personal experiences both inside and outside the firm. L.E.K. creates unique, tailored solutions for each individual.
Learn Externally and Develop (LEAD) program — One of the options within Flex Pathways and Possibilities. LEAD includes the global swap program, where people can experience working in another L.E.K. office, complete a sponsored MBA program, and take secondments with clients and career break sabbaticals.
'Ways of Working' Initiative — A set of values-based principles that foster trust, focus on outcomes and provide teams with the freedom to work in a way that suits them, designed to facilitate happier and stronger teams. A core tenet of this initiative is the philosophy that the greatest improvement to performance is achieved through improving the way a team works together rather than the performance of an individual. Teams have the mandate to choose, on any project, how, where and when they work in a way that suits them, meets project needs and advances teamwork. This can vary immensely from project to project, week-to-week and individual to individual.
These are only several of the initiatives that are delivering outstanding results for our people and clients. L.E.K. has seen a steady, sustained increase in formal and informal flexibility arrangements since Seven Forms of Flex was introduced. The firm has received high satisfaction scores and has increased tenure, with more men taking up flexible working arrangements, more women with young children returning to consulting after time out of the industry, and a 2.5x overall increase in women in partnership roles globally since 2019.
“We recognise that not everyone wants to follow the paths walked by those who have gone before them,” says Nicholas Holder, Head of L.E.K.’s Asia-Pacific Region and the Australia practice. “What enabled me to make this a long-term career is now very different to what our current generation needs, or what will be needed going forward. We must continue thinking creatively and providing unique solutions to cater to the diverse needs of individuals.”
The news of the AFR Best Places to Work ranking comes just a few weeks after L.E.K. was named in the Top 10 Best Firms to Work for in Asia-Pacific and Europe, according to 2022 Vault Rankings. In Asia-Pacific, employees rated L.E.K. highly for the same categories as well as health and wellness, overall business outlook and firm culture. Full media release here: https://www.lek.com/press/lek-consulting-among-top-10-best-firms-work-europe-and-asia-pacific-according-2022-vault
QUOTE FROM INVENTIUM
“Inventium is proud to announce the 2022 AFR BOSS Best Places to Work list in conjunction with the Australian Financial Review. We have undertaken extensive research into what truly makes a brilliant workplace, and we are thrilled to recognise many organisations who are leading the way with innovative practices that drive key elements such as flexibility, well-being and equality.” Dr. Amantha Imber, Founder, Inventium
ABOUT THE AFR BOSS BEST PLACES TO WORK LIST
The AFR BOSS Best Places to Work list recognises and ranks the best places to work in Australia and New Zealand, by industry, and is the premier list of its kind. The list is judged and compiled by Inventium — Australia’s leading behavioural science consultancy — using a unique research-based methodology. In 2022, the list comprised 10 industry lists, compiled from over 750 nominations. www.afrbestplacestowork.com
ABOUT L.E.K. CONSULTING
We’re L.E.K. Consulting, a global strategy consultancy working with business leaders to seize competitive advantage and amplify growth. Our insights are catalysts that reshape the trajectory of our clients’ businesses, uncovering opportunities and empowering them to master their moments of truth. Since 1983, our worldwide practice — spanning the Americas, Asia-Pacific and Europe — has guided leaders across all industries, from global corporations to emerging entrepreneurial businesses and private equity investors. Visit www.lek.com.
ABOUT INVENTIUM
Inventium is Australia’s leading behavioural science and innovation consultancy. Since 2007, Inventium has helped hundreds of thousands of people become more innovative and more productive at work. Inventium applies the latest findings from science (psychology, behavioural science and neuroscience) to help organisations unlock growth through innovation and to create brilliant workplaces that get the very best out of their people.
Inventium is the official methodology partner of the AFR BOSS Best Places to Work list and the AFR BOSS Most Innovative Companies list. Inventium is also a proud B Corporation. www.inventium.com.au
ABOUT THE AUSTRALIAN FINANCIAL REVIEW
For more than 50 years the Australian Financial Review has been the authority on business, finance and investment news in Australia. It has a reputation for independent, award-winning journalism and is essential reading for Australia’s business and investor community. The Australian Financial Review is owned by Nine Entertainment [ASX: NEC], a leading multi-platform media company in Australasia. www.afr.com
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Dominic Eggers, Chief Marketing Officer – Australia
E: d.eggers@lek.com