Uncategorized

Trust is the key for an inclusive workplace

While many companies have been focusing on DEI for several years, there is still room for improvement. If this year’s Edelman Trust Barometer’s results show one thing, it is that there is no doubt that the current trust dynamics create an opportunity for leaders to step up on issues that affect society such as diversity, equity and inclusion (DEI).

Having worked in and with various industries for many years, I know that diversity doesn’t mean a thing if company’s do not offer an inclusive workplace. Diversity is the who and the what, and inclusion is the how. What makes people feel included in their organization? Many things of course. Trust is definitely a key component. And trust comes down to leaders, because what leaders say and do makes the difference on whether an individual truly feels included. Why does this matter? Because when we feel included, we speak up more, we collaborate more, and we go the extra mile making a difference to the organization’s performance. (read more on how you can become a more inclusive leader)

 After a rough start to my career, experiencing severe sexual harassment in my first job straight out of university (and without any support from peers or HR, leaving me no choice but to leave the company and that in the middle of a recession), I quickly became aware of the value of trust in my next jobs. Yes, I was young and female, but this never mattered to my managers because we all were working towards the same goal. They recognized my talents and showed me they believed in me, leaving me feeling included. These trusting relationships helped me grow and explore my potential. I have been blessed to work with leaders who possess humility, empathy, ambition, and audaciousness.

 So how can you – as a leader – become more inclusive? 

  • Have the courage to hold brutally honest discussions. Ask for feedback on your behaviors that support or inhibit inclusion. Things like: Do you give equal speaking time to all meeting participants? Do you acknowledge everyone’s ideas and input? Do you make sure that people are not interrupted when talking? Do you refer to just one gender when giving examples? Leading this conversation is a first step in achieving change, getting an accurate view of your inclusive leadership capability and shows that you are putting people first.
  • Recognize and openly address biases. We all have them. Share stories about your growth, what you have learned about diversity and inclusion. The positive and the negative. This shows your humility and, with it, builds trust. Ask others to share their stories too.
  • Become more accountable on how well you are faring with diversity and inclusivity within and outside of the organization. And remember that there is a difference between activities and actual outcomes. Data is a great place to start. Noting the recent Edelman Trust Barometer, PwC US Chairman Tim Ryan explained in a blog post why his company has taken the somewhat unusual step to make its data on diversity public.
    “… I’d suggest that with trust in business running high, there has never been a better time to be transparent about our data as a way of holding ourselves accountable for the progress we seek to make…There’s no substitute for clear, widely shared information in that endeavor. Uncomfortable though transparency may be at first, I’m convinced that vulnerability is a necessity if we want to lead effectively on diversity—and as the business community has the greatest share of trust we’ve had in recent memory, now is the time.”
  • Leverage diverse thinking in your organization. Immerse yourself in uncomfortable situations, spend time with people outside of your usual “group”, address DEI topics even if they make you feel uncomfortable, ask more open-ended questions, take time to raise your self-awareness (for instance through executive coaching or psychometrics). There are many things you can do as a leader to expand your horizons and disrupt pre-conceived ideas.

And overall, don’t forget to ask yourself regularly: “How do I inspire trust? And how can we all enable mutually beneficial conversations that allow us to continue to grow and flourish?”

2021: The Future of Work

“As leaders we tend to be an unusual group, far more resilient than the average bear. Don’t assume others have your strength. Go beyond your own experience. A bit of empathy and creating psychological safety for others goes a long, long way”– Carol Kaufman, Assistant Professor Harvard Medical School and Founder/Executive Director of the Institute of Coaching

 In 2020, we saw the greatest shift in the way we work. Hybrid ways of working are now becoming the norm, bringing great opportunities such as flexible working models, better work-life balance and giving access to talent pools around the globe. The pandemic truly fast-forwarded the ‘future of work’ by years. There is no going back. Now we need to make hybrid working “work”.

 In 2020, we saw the greatest shift in the way we work. Hybrid ways of working are now becoming the norm, bringing great opportunities such as flexible working models, better work-life balance and giving access to talent pools around the globe. The pandemic truly fast-forwarded the ‘future of work’ by years. There is no going back. Now we need to make hybrid working “work”.

 Part of this means, that leaders need to recognize the connection between productivity and wellbeing. While productivity was up last year, research shows that a majority of employees are experiencing severe levels of stress. This is no surprise with lines being blurred between work and personal life, lack of connection creating isolation and many of us dealing with uncertainty. It should also not come as a surprise, that wellbeing is an important factor that affects an organization’s bottom line. To drive and sustain, human potential, well-being needs to be part of work.

 2021 will be a great opportunity for leaders to move away from falling back into a pre-pandemic pattern. It will mean making the changes needed to become more aware of their team’s needs. This includes being more transparent, being compassionate (i.e. having a deep understanding of yourself and others), helping people construct meaning to their work and open channels for feedback. Psychological safety plays a key role in creating and nurturing the new culture needed for wellbeing. We all know that a team can only be highly effective if there is trust and respect. These are the two qualities that allow people to speak up, share ideas but also concerns, challenge the status quo while supporting each other.

If the pandemic has shown one thing: at the end of the day, organizations are all about people. The success and wellbeing of both, in 2021 and beyond, are closely intertwined.

So you want to be a CEO?

Adam Bryant has interviewed 525 chief executives through his years writing the Corner Office column for the NY Times. In his last column (unfortunately) he sums up what his takeaways are from what’s important about leadership, culture and the “men vs. women” question. A great read – this is my favorite takeaway from the article:
cornerlessons-top-superJumbo-v3
“You have to be open and alert at every turn to the possibility that you’re about to learn the most important lesson of your life.”

 

 

 

(Photo credit: NY Times)

Got change leaders?

kung

The digital revolution has long begun. And many companies are taking the first steps into their digital transformation. Everybody is talking about digital. Topics like big data, automation of processes, robotics, AI dominate the conversation….but many seem to forget that this change is not only about technology. It is foremost about corporate culture, structure and, of course, leadership.

 

For a company to successfully change its structure and culture, leadership needs to step up to the plate to convince employees why the change is needed and walk them down the path. But here is the sticking point: change is emotionally charged. It can emote fear, insecurity but also acceptance and inspiration. And at the end of the day it is only the individual who will make the decision if s/he wants to change or not.

 

That is why for companies to evolve and grow in this digital revolution it is imperative that they have leaders that are doers, who can generate enthusiasm in their employees, who embrace change and see it as an opportunity not as a challenge. But unfortunately I still see too many leaders who are blocking change. And because they are the only ones who can truly drive change, it becomes more and more frustrating for those around them who are ready to jump into all the opportunities that the digital revolution has to offer.  My recommendation? Weed out managers who prefer to remain in a comfort zone early.

Influencer Marketing

Influencer marketing has become a major part of how we market today. After all , with everything happening on social media, consumers look at fellow consumers to inform their purchasing decisions. Instead of looking at companies, they now look at each other and their favorite personalities.

But many challenges remain. Nasdaq Corporate Solutions and PR News surveyed 400+ PR and marketing pros to better understand how they are finding the right influencers to work with, and the challenges they are facing with measurement. You can read the full report here

Here are the main survey results:

Nasdaq PR News Influencer marketing infographic Jan 2017_tcm5044-38117.png

Our trust challenged era

 

trust.jpg

This week Edelman released their annual Trust Barometer. The general population’s trust in all four key institutions — business, government, NGOs, and media — has declined broadly, a phenomenon not reported since Edelman began tracking trust among this segment in 2012. Wow. But maybe not surprising when we are living in a “post-truth”era. Rebuilding trust is a shared responsibility by all of us. And we can only do this by putting people first

Read the whole report here

Results from Content Marketing for Financial Services survey

EditionsFinancial together with the Financial Services Forum carried out the first Content Marketing for Financial Services survey – with some interesting results. I was amazed that only 41% of the senior marketers surveyed actually have a content marketing strategy. We all know content in financial services marketing is key so lots of work ahead for us. And while most believe that marketing can help rebuild trust in the financial industry, the biggest obstacle is seen to be a lack of co-ordination in strategy.

Below is the link to the infographic:

http://www.editionsfinancial.co.uk/wp-content/themes/koresponsive/images/editions_infographic.pdf

Where are you on Gartner’s Digital Business Development Path?

Garner has published a Digital Business Development Path that examines different business models from before the web to today’s digital platforms to help businesses see where they are currently and help make a case to increase their digital business. According to Gartner, by 2020 75% of all businesses will be digital or on their way to become one. So where is your business on the development path?

Digital-Business-Path-Forbes

 

Source: Forbes