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. .

Top Stories

Why Diversity is the key to 2021

Published : , on

By Thom Dennis, CEO at Serenity In Leadership

There is an increased appetite for real change following one of the most divisive and difficult years in decades.  It has never been so important to get inclusion and diversity of race, gender, sexual orientation, physical disability and social differences right.  Thom Dennis, CEO at Serenity In Leadership, tells us ten reasons why diversity is so vital and may well be the key to healthier times in 2021.

  1. Diversity increases awareness and curiosity

    Learning about, recognising and respecting your own and other cultures enables us to understand different perspectives and gives greater insight into varying attitudes and beliefs.  Foster curiosity to fight against ignorance and prejudice.  Encourage your team to be courageous; be curious, practise active listening and demonstrate empathy for a different way of thinking and show them exactly how that is done.

  2. Diversity promotes individuality

    Culturally rich environments teach us that everyone is unique, and we differ not just because of our race, gender, ethnicity, sexual orientation, age, physical abilities, religion, socio-economic status etc., but because of our life experience and personality. And all of those differences are what make us interesting. When we celebrate our differences, it is easier to find commonality and create a more accepting environment where people feel comfortable to be themselves.

  3. Diversity creates a healthier environment

    A workplace lacking in diversity and inclusion will detrimentally affect mental health and have a direct causal relationship with feelings of resentment, anxiety, anger and injustice.  A business not only has to prime the engine with a diverse mix of good promotion candidates but must ensure they have a truly equal opportunity for promotions, not just once but all the way to the executive suite for a healthy, diverse workplace.

  1. Diversity is good for business

    Responsible, resilient workplaces embrace inclusion, diversity and equality, having a direct positive effect on productivity in the workplace, helping businesses and employees By aligning business objectives with the meeting of human needs, companies can tap into powerful ways to facilitate change. As McKinsey’s have noted, diverse companies are far more likely to outperform their less diverse peers.

  2. Diversity promotes new thinking.

    A diverse group of people are more likely to have ideas which are distinct from each other, and diverse viewpoints allow for more creative solutions to problems. Recent research suggests that diverse companies make better, bolder decisions and are more likely radically to innovate. As a result they can gain a competitive edge by anticipating such things as trends in consumer demand and consumption.

    Thom Dennis

    Thom Dennis

  3. Diversity unites us

    Diversity brings society together and unites a range of perspectives, encourages inclusivity and equality, and promotes harmony and unity. Diversity creates space for us to gain awareness, educate, integrate, evolve and include.

  4. Diversity leads to better understanding.

    ‘Othering’ is the process whereby negative characterisers are attributed to someone because they are deemed different and are labelled as not fitting in. The opposite to that is wanting to learn about someone else’s differences to educate ourselves and to reduce our unconscious biases.

  5. Diversity prevents bullying.

    Successful diverse environments promote inclusivity and help prevent social problems such as bullying. Power differentials are a breeding ground for othering and bullying. Active, genuine inclusion is the most effective way of eliminating dysfunctional, power-play and bullying behaviour.

  6. Diversity reduces stereotypes.

    Understanding, accepting and embracing people’s differences will reduce stereotyping – a critical threat to diversity. Stereotyping can be unconscious (known as an unconscious bias), whereby we type cast because of assumptions or generalisations about someone which relate to their differences from others. Check yourself and your team for unconscious biases by encouraging self-awareness.

  7. Diversity promotes respect

    The more time spent interacting with people different to us, the stronger our understanding, acceptance and relationships become, and ultimately our respect for one another. A visible commitment to diversity and inclusion during the crisis is also likely to strengthen a company’s global image.

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