Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & 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.

    Home > Business > D&I experts disclose best ways to create a work culture is where it safe to speak out
    Business

    D&I experts disclose best ways to create a work culture is where it safe to speak out

    Published by maria gbaf

    Posted on August 24, 2021

    10 min read

    Last updated: January 21, 2026

    A diverse startup team engages in a meeting to foster a safe to speak out work culture, reflecting the article's insights on psychological safety and inclusivity in the workplace.
    Multiethnic startup team collaborating in a modern office environment - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

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

    Subscribe

    A safe to speak out work culture refers to having a protected psychological space for employees to voice about any workplace concerns, challenges or conflicts they may be facing at work, as well actively encouraging them to offer opportunities for innovation. It is about giving employees a voice in a safe space that is heard and acted upon.

    Many businesses are still hesitant to promote a culture in which it’s safe to speak out for fear of repercussions, opening a bottomless can of worms, or being undermined or overpowered.  Research shows that having a speak out culture in fact improves an organisation’s efficiency, inclusivity and employee satisfaction, so we asked global D&I experts what the best ways are to create psychological safety.

    Thom Dennis, CEO of Serenity In Leadership says: “It’s important to acknowledge that inclusion, safety and having a voice will all mean different things to different people, so we need to have a variety of tools and solutions on offer.  Fundamentally though people will feel safe to speak up if they think they will be authentically listened to, and appropriate action will be taken. If they think speaking up will be futile, they won’t bother which can easily result in a needless loss of talent and diversity.”

    Suzie Lewis, Founder and MD of Transform for Value agrees and says: “Leaders need to have deliberate practice to create the environment for courageous conversations and healthy challenge to happen, and to role model behaviours and set an example so that colleagues can bring their authentic selves to work. Psychological safety is one of the fundamental building blocks of an inclusive culture and must be built and defined together.”

    Raggi Kotak, a racial justice facilitator, thinks we need to slow things down and actively listen to what is being said. “Welcome curiosity not judgment, encourage differences in opinions and create spaces where people feel comfortable to contribute and it’s ok to make mistakes. These are great learning moments for us all to move forwards from.”

    “Diversity is key to a speak out culture. Ideally, the senior leadership team will be openly diverse themselves (with visible and invisible differences) and will include issues around inclusion in any discussion around strategy and practice. Encouraging, training and empowering line managers to demonstrate open, flexible and inclusive practices is crucial too,” according to Jane Hatton, CEO of Evenbreak, ‘the UK’s most accessible job board’.

    Joanne Lockwood, a Diversity & Inclusion & Belonging Specialist who also promotes Transgender Awareness to organisations, says: “Psychological safety is all about ensuring people are free to be themselves and to speak their truth.  When psychological safety isn’t present then our mental health can be impacted and we are more likely to experience intersectional microaggressions in the form of racism, sexism, homophobia, etc. Simply having a culture of respect with a tone of voice and acceptable language policy is a great place to start.”

    Thom Dennis summarises and shares solutions for leaders to create a safe culture that allows its employees to speak out:-

    1)     Create psychological safety in an inclusive culture. A safe space is realised through trust, understanding, empathy and by setting an example. Authenticity is at the heart of good communication, safety and inclusivity.

    2)     Training, training and training.  A single workshop won’t cut it.  Protocols, training programmes and internal strategies need to be in place, regularly reviewed and actioned to cultivate a safe space for everyone to work and communicate in harmony. A change of leadership is not an automatic reason for training to be stopped early; cutting training breeds cynicism and disaffection.

    3)     Get regular feedback and initiate constructive conversations. Reach out to employees for their input. Make feedback a regular, informal exchange. Make yourself available by actively encouraging your team to reach out to you and be present when they do. Give feedback that is responsive rather that reactionary.

    4)     Listen to what is being said… Actively listen to diverse voices especially if they don’t share your opinion which you should feel free to share as well. Find out what your team care about and try to understand their point of view. Don’t be judgemental and instead show understanding. Thank employees for their input and reassure them that all matters will be fully investigated, and mean it.

    5)     …but also listen to what isn’t being said. Pay attention to conversations that are being avoided. Understand why your employees are remaining silent. Try to find out what is making your team hold back by being inquisitive and setting an example.  Recognise and get to the bottom of micro-aggressions.

    6)     Enable whistle-blowing and anonymous reporting. Don’t be afraid to allow employees to call out wrong behaviour. This is especially important in industries where safety is imperative, such as oil & gas. Encourage them to be an agent of change and to use their voices to do so and follow up with evidence that their concerns are being thoroughly investigated and appropriate action will be taken.

    7)     Put safeguards into place to avoid retaliation such as reaching out to whistle-blowers to see how they are, monitoring performance evaluations and providing coaching on conflict management so that employees can move forward from the incident.

    8)     Ensure you take appropriate action. One reason employees do not raise their concerns is because they do not believe that action will be taken. Don’t allow the process to stagnate. Have follow up meetings with the reporter and any witnesses to keep them in the loop and assure them that action has been taken.

    9)     Be transparent. A lack of transparency around complaints, breaching confidentiality, or overt favouritism and protection of other leaders are toxic behaviours in the workplace. Be transparent to demonstrate accountability, earn trust, preserve workplace culture and encourage future reports.

    10)  Criticise constructively. Avoid judgement, and critique in a way that encourages development, growth and success. Ensure your business has a culture of being constructive rather than destructive.

    A safe to speak out work culture refers to having a protected psychological space for employees to voice about any workplace concerns, challenges or conflicts they may be facing at work, as well actively encouraging them to offer opportunities for innovation. It is about giving employees a voice in a safe space that is heard and acted upon.

    Many businesses are still hesitant to promote a culture in which it’s safe to speak out for fear of repercussions, opening a bottomless can of worms, or being undermined or overpowered.  Research shows that having a speak out culture in fact improves an organisation’s efficiency, inclusivity and employee satisfaction, so we asked global D&I experts what the best ways are to create psychological safety.

    Thom Dennis, CEO of Serenity In Leadership says: “It’s important to acknowledge that inclusion, safety and having a voice will all mean different things to different people, so we need to have a variety of tools and solutions on offer.  Fundamentally though people will feel safe to speak up if they think they will be authentically listened to, and appropriate action will be taken. If they think speaking up will be futile, they won’t bother which can easily result in a needless loss of talent and diversity.”

    Suzie Lewis, Founder and MD of Transform for Value agrees and says: “Leaders need to have deliberate practice to create the environment for courageous conversations and healthy challenge to happen, and to role model behaviours and set an example so that colleagues can bring their authentic selves to work. Psychological safety is one of the fundamental building blocks of an inclusive culture and must be built and defined together.”

    Raggi Kotak, a racial justice facilitator, thinks we need to slow things down and actively listen to what is being said. “Welcome curiosity not judgment, encourage differences in opinions and create spaces where people feel comfortable to contribute and it’s ok to make mistakes. These are great learning moments for us all to move forwards from.”

    “Diversity is key to a speak out culture. Ideally, the senior leadership team will be openly diverse themselves (with visible and invisible differences) and will include issues around inclusion in any discussion around strategy and practice. Encouraging, training and empowering line managers to demonstrate open, flexible and inclusive practices is crucial too,” according to Jane Hatton, CEO of Evenbreak, ‘the UK’s most accessible job board’.

    Joanne Lockwood, a Diversity & Inclusion & Belonging Specialist who also promotes Transgender Awareness to organisations, says: “Psychological safety is all about ensuring people are free to be themselves and to speak their truth.  When psychological safety isn’t present then our mental health can be impacted and we are more likely to experience intersectional microaggressions in the form of racism, sexism, homophobia, etc. Simply having a culture of respect with a tone of voice and acceptable language policy is a great place to start.”

    Thom Dennis summarises and shares solutions for leaders to create a safe culture that allows its employees to speak out:-

    1)     Create psychological safety in an inclusive culture. A safe space is realised through trust, understanding, empathy and by setting an example. Authenticity is at the heart of good communication, safety and inclusivity.

    2)     Training, training and training.  A single workshop won’t cut it.  Protocols, training programmes and internal strategies need to be in place, regularly reviewed and actioned to cultivate a safe space for everyone to work and communicate in harmony. A change of leadership is not an automatic reason for training to be stopped early; cutting training breeds cynicism and disaffection.

    3)     Get regular feedback and initiate constructive conversations. Reach out to employees for their input. Make feedback a regular, informal exchange. Make yourself available by actively encouraging your team to reach out to you and be present when they do. Give feedback that is responsive rather that reactionary.

    4)     Listen to what is being said… Actively listen to diverse voices especially if they don’t share your opinion which you should feel free to share as well. Find out what your team care about and try to understand their point of view. Don’t be judgemental and instead show understanding. Thank employees for their input and reassure them that all matters will be fully investigated, and mean it.

    5)     …but also listen to what isn’t being said. Pay attention to conversations that are being avoided. Understand why your employees are remaining silent. Try to find out what is making your team hold back by being inquisitive and setting an example.  Recognise and get to the bottom of micro-aggressions.

    6)     Enable whistle-blowing and anonymous reporting. Don’t be afraid to allow employees to call out wrong behaviour. This is especially important in industries where safety is imperative, such as oil & gas. Encourage them to be an agent of change and to use their voices to do so and follow up with evidence that their concerns are being thoroughly investigated and appropriate action will be taken.

    7)     Put safeguards into place to avoid retaliation such as reaching out to whistle-blowers to see how they are, monitoring performance evaluations and providing coaching on conflict management so that employees can move forward from the incident.

    8)     Ensure you take appropriate action. One reason employees do not raise their concerns is because they do not believe that action will be taken. Don’t allow the process to stagnate. Have follow up meetings with the reporter and any witnesses to keep them in the loop and assure them that action has been taken.

    9)     Be transparent. A lack of transparency around complaints, breaching confidentiality, or overt favouritism and protection of other leaders are toxic behaviours in the workplace. Be transparent to demonstrate accountability, earn trust, preserve workplace culture and encourage future reports.

    10)  Criticise constructively. Avoid judgement, and critique in a way that encourages development, growth and success. Ensure your business has a culture of being constructive rather than destructive.

    More from Business

    Explore more articles in the Business category

    Image for Empire Lending helps SMEs secure capital faster, without bank delays
    Empire Lending helps SMEs secure capital faster, without bank delays
    Image for Why Leen Kawas is Prioritizing Strategic Leadership at Propel Bio Partners
    Why Leen Kawas is Prioritizing Strategic Leadership at Propel Bio Partners
    Image for How Commercial Lending Software Platforms Are Structured and Utilized
    How Commercial Lending Software Platforms Are Structured and Utilized
    Image for Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Image for Why More Mortgage Brokers Are Choosing to Join a Network
    Why More Mortgage Brokers Are Choosing to Join a Network
    Image for From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    Image for From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    Image for Global Rankings Revealed: Top PMO Certifications Worldwide
    Global Rankings Revealed: Top PMO Certifications Worldwide
    Image for World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    Image for Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Image for The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    Image for Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    View All Business Posts
    Previous Business Post5 Ways to Help Your Customers Avoid Account Takeover Hacks in 2021
    Next Business PostAll About Board Director Term Limits and Why They Matter