Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

DELOITTE: TRANSFORMING GENDER BALANCE IN THE MIDDLE EAST
DELOITTE: TRANSFORMING GENDER BALANCE IN THE MIDDLE EAST

Published : , on

Monitor Deloitte recently published a white paper “Getting the balance right- A blueprint for gender balance in the Middle East private sector” which showcases the firm’s recognition of the importance of gender balance in driving economic engines and improving organizations’ bottom line.

The white paper tackles many aspects including the importance of gender balance in the workplace, how to set the foundation for a gender agenda, conduction of a gender balance baseline assessment, articulation of a corporate gender balance, and defining gender balance initiatives, and outcome measurements.

“Today, gender balance is a growing item on the agenda of many Middle Eastern governments, civil society leaders and the wider public. Becoming a gender-friendly organization will enhance brand equity and result in direct and indirect financial gains,” said Aydin Akca, Partner at Monitor Deloitte.

“The Middle East is on a journey of economic transformation towards knowledge-based economies. An organization having a reputation for diversity, inclusiveness and a gender friendly workplace will have access to a wider qualified talent pool. The significance of this outcome will only rise as the trend of graduation rates for females outstrips males in Saudi Arabia and the United Arab Emirates among other vital Middle Eastern markets,” he added.

The potential to develop innovative and cutting-edge gender balance initiatives is near infinite. Monitor Deloitte has developed foundational initiatives that any organization can customize, build on and then adopt.

The initial set of initiatives focuses on transforming the underlying cultural biases and perceptions around gender balance. It includes among others:

  • Establish a gender balance cultural change management program with the aim of accomplishing a paradigm shift in an organization’s culture toward a bias-free and gender-inclusive workforce.
  • Celebrate gender diversity by focusing the spotlight on successful women leaders and talent within the organization
  • Introduce a gender-sensitive talent acquisition process by infusing certain gender criteria into the evaluation and hiring process.
  • Introduce a gender-blind compensation policy that ensures “equal pay for equal work” and abolishes the gender pay gap.
  • Introduce flexible working hours & work from home arrangements leveraging digital innovation to enable an efficient back and forth transition between the office and home.
  • Introduce a dynamic and meritocratic women quota for senior executives to ensure that the right woman is placed in the right place to maximize her impact on the organization and avoid ghost placements to satisfy quota restrictions. 

To view the full white paper, please go to: http://bit.ly/1WN0pDv

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post