The major firms have removed degree classification requirements, expanded access programmes and signed the Social Mobility Employer Index. The commitments are real. So is the gap between commitment and evidenced outcome.
The Social Mobility Employer Index had 150 entrants in 2024. Legal, financial and professional services firms make up the highest concentration of any sector. Twenty-six entrants now measure their class pay gap: a significant increase on previous years. The Index has evolved from a voluntary benchmark into an expectation. Firms not entering are increasingly asked why. Firms entering are increasingly asked what they can prove.
Application volumes are high. Graduate and intern programmes are structured and well-resourced. The problem sits in selection. Specifically: whether the processes doing the shortlisting are measuring what they claim to measure. Psychometric tests are coachable. Test preparation resources are commercially available and disproportionately accessed by candidates from higher-income households. Assessment centre performance correlates with confidence built through prior exposure to formal environments. Video interview scoring is inconsistent across reviewers and difficult to defend under EHRC scrutiny.
Accenture research published alongside the Social Mobility Employer Index found that businesses which prioritise social mobility perform 1.4 times better than their competitors. The commercial case is no longer a secondary argument. Organisations that can point to selection processes which produce diverse, high-quality shortlists, and document how every decision was made, will outperform those that cannot.