What does it mean for one to be an inclusive leader? The truth is that being inclusive isn't something you can just do overnight; it's a practice that requires consistent effort and dedication toward developing the right mindset. As leaders, we must embody inclusivity and ensure that those around us feel respected, valued, and understood. It's not enough to exist in a space—every action we take must prioritize inclusion for all groups for us to foster an atmosphere of collaboration and growth.
Remote Workers: Pitfalls of Command and Control Idea of Performance Management
Leaders would have more faith and trust in the output of their remote employees if command-and-control strategies worked for performance management. Managers can waste time on challenging initiatives that don't lead to growth or boost team morale because they can't track results accurately or provide meaningful feedback fast enough. More integrated and adaptive methods should be cultivated to guarantee smooth operations with clarity and optimal completion rates rather than relying solely on a rigid system that can impede progress and even limit innovation.
How Reskilling Can Change The Future of Women's Work
In the future of work, earning a living and maintaining economic security are becoming increasingly difficult for women. As technology advances and automation becomes more prevalent, many traditionally held jobs that have served as a foundation for working women may become obsolete, leaving them with little choice but to pursue alternative career paths or "reskilling" opportunities.
Racism in The Canadian Financial Sector
Canadian society has struggled with racism for quite some time, and the financial services industry is no exception. Unions, governments, and financial services industry stakeholders and commentators in Canada have all recently reported instances of racism in the workplace. Both overt acts of discrimination and institutionalized obstacles to banking services for people of color are to blame. Unfortunately, people who have been historically underserved or marginalized in Canada's banking system still face several barriers to gaining access to the services they need. To better understand how financial inequalities manifest themselves across Canada, this blog post will explore how poverty and racism interact with one another.
What Great Employees Do Differently
A good leader can identify the qualities that combine to make a genuinely exceptional worker. Although technical competence and experience are crucial, they are not sufficient in and of themselves to ensure achievement. Instead, leadership on an individual level determines whether or not the ladder is propped against the correct wall. Managers can inspire workers to greatness by strategically allocating resources and delegating tasks.
Inclusion and Diversity in Retail
How retailers approach diversity and inclusion initiatives is undergoing a significant shift. These changes affect consumers, who base their decisions on values more than ever. As leaders, we are responsible for introducing and fostering these initiatives, championing them within our organizations, and empowering all stakeholders to purchase from companies whose actions are consistent with their values. Therefore, we must lead the charge for D&I practices that result in tangible improvements for our customers and employees if we are to effect real change in the retail landscape.
Breaking Through Impostor Syndrome: How Women of Color Can Overcome Self-Doubt and Thrive in the Workplace
Are you a woman of color working in an industry where people of diverse backgrounds are marginalized? Do you feel like your accomplishments aren't appreciated or that you don't belong? If so, you might be experiencing impostor syndrome—an idea rooted in low self-confidence and the fear of not achieving. The good news is that this feeling isn't unique to women of color; everyone experiences it occasionally. However, that doesn't make it any less valid or challenging. In this blog post, we'll explore how women of color can recognize and overcome impostor syndrome on their road to success.
Achieving Gender Equality in the Banking Sector
Historically, men have dominated financial services, leading to a long-standing problem of sex discrimination in the banking industry. Despite the industry's long history, however, women are beginning to receive the same treatment as men. Furthermore, recent trends point toward the possibility of achieving gender parity in banking at all levels, including senior management. Therefore, it is more crucial than ever for CEOs, HR departments, and Boards of Directors to collaborate on policies and initiatives to bring about true gender equality in the workplace. This article discusses the challenges women face in the banking industry today and suggests solutions that can be implemented immediately to create a more diverse and inclusive workplace where people of all backgrounds and orientations are treated with respect.
How We Can Become An Ally and Why it Should Matter Most
There is growing pressure on the business sector to address its complicity in institutional racism. As a result, leaders in the business world are being urged to do more to combat racism in the workplace and show solidarity with their Black employees. If you work in human resources or are the CEO of a company, you can be an ally by taking action to combat racism there. Why stop there, however? In addition to helping your business thrive, a more welcoming work environment for people from underrepresented groups will help everyone there. Follow these steps to become a trusted colleague at work:
How To Integrate A Diversity and Inclusion Lens In All Business Operations
Gender parity in the Canadian labor force
Gender parity in the Canadian labor force
Recently, there has been considerable discussion about gender parity in the workforce. While there have been some improvements, Canadian women are still underrepresented in many industries. In this blog post, we'll look at the current state of gender parity in the Canadian labor force and what companies can do to encourage more female participation.
3 ways banking can use data to transform DEI initiatives
The banking industry has been lagging behind as we witness continued momentum in Diversity, Equity, and Inclusion (DEI) initiatives across sectors. Despite increasing awareness of DEI's importance and numerous speeches from leadership touting their commitment to this mission, DEI initiatives have mainly been lacking within banking. Complacency enables culture systems rooted in bias and a lack of action toward more excellent representation and equitable policies for diverse populations.
Why Companies Struggle to Embrace Diversity and Inclusion: A Closer Look
With the compelling business case for diversity and inclusion, companies must embrace it. However, there are several obstacles to achieving this goal. A lack of understanding may lead to misaligned expectations, and fears of change often hinder progress. In addition, employees need to be on board and willing to buy in before taking meaningful action.
Creating the Right Environment: What it Takes to Create a Psychologically Safe Workplace
Successful businesses in the modern era recognize the importance of psychological safety for their employees, but implementing this principle can be challenging without top-level buy-in and direction. Recognizing the signs of a hostile work environment before taking steps to remedy the situation is essential. The good news is that once these are identified, a number of things can be done to make the workplace a safer and more welcoming place for everyone to work in. Also, there are several businesses whose cultures now prioritize psychological safety. This is how companies can foster a more positive and productive environment for their employees.
Meauring The Success Of Diversity Initiatives
Businesses need concrete metrics to monitor their diversity initiatives' performance. Several methods for gauging a program's success have been outlined in this article, with specific attention paid to those that HR and CEOs can use. In addition, leaders can make educated choices about how much money to put toward Diversity and Inclusion initiatives if they have a firm grasp of the available data.
Combating Bias in Teams
Imagine a team that genuinely understands diversity and inclusion - they actively seek out diverse perspectives, practice active listening to ensure everyone can contribute their ideas, and constructively challenge each other. Unfortunately, people of color and women are far too often overlooked for executive roles and positions of leadership. As a result, bias can creep into decision-making through conscious and unconscious means, leading to significant inequality for those who are underrepresented in our society. We must actively strive for inclusive leadership that celebrates the diversity of thought and background, not simply settle for exclusivity as the status quo.
Tyre Nichols Video: Black People Are Racist Too
Racism is a significant argument for black people. Black people are not immune to racism against black people or other races, despite the claims of some black diversity "experts" who say that white people are the racial and ideological enemy. Negative stereotypes of black people as inferior, unworthy, lazy, and dangerous exist across all racial groups. However, what is more, striking is how this self-immolation is prevalent among people of color. What appears agaisnt them is also exercised by them.
Why Financial Services Industry Must Address Systemic Racism to Promote Equality
Financial services can potentially significantly promote racial equality and close the wealth gap between different racial groups. To do so, however, the industry must take a systemic approach and actively work to address the root causes of these disparities. One of the key ways that financial services can promote racial equality is by increasing access to credit and financial assistance for communities of color.
How Inclusive Are You?
A leader who exemplifies inclusive leadership is someone who not only appreciates diversity but also works to foster a welcoming environment for all employees. They're people who can reach out to and collaborate with workers from all walks of life and whose teams thrive when they do. Also, they can steer through disagreements without tearing people apart.
Redlining and Racism at Canadian and American Banks
Despite glossy website photos of minorities, pledges to be a different kind of bank, the banking industry falls short. With enormous diversity and inclusion training and even racial audits, banks continue to attempt to thread the needle of inclusion and do the right thing. It is possible to do the right things while achieving business outcomes, for in truth, authentic leaders understand this reality.