Fintech PR

New Research from Kincentric Redefines Inclusion and Suggests Leaders Are Responsible for Creating a Culture of Inclusion in the Workplace

Published

1 year ago

June 26, 2023

CHICAGO, June 26, 2023 /PRNewswire/ — Despite professed commitments to create a more inclusive workplace, many organizations still struggle to gain traction, according to a new report by Kincentric, the part of global leadership advisory firm Spencer Stuart that is specifically focused on unlocking the power of people and teams to ignite change and achieve organizational success. Based on a survey of nearly 5000 employees across the globe, the research reveals the critical role leaders play to drive inclusion, with benefits ranging from better employee retention and engagement to improved team agility during challenging times.

According to Kincentric’s findings, there are four key elements required for inclusion in the workplace: people are valued, are enabled to use their voice, have decision-making influence and can contribute their best. However, in this latest research, 73% of employees report having experienced exclusion in the workplace, while only one in three employees say they work in a culture that powers inclusion – one that lifts everyone up and in which everyone is treated fairly, has equal opportunities and can speak up, be heard and respected.

Kincentric conducted the study to better define and understand the experiences that drive or derail inclusion and demonstrate its impact on overall business performance, and their full report shares several notable findings:

Ultimately, inclusive cultures are created at the top. Leaders must walk the talk and model inclusive behaviors or risk their credibility. Nearly 1 out of 3 employees view senior leadership actions as performative or insincere when words are not backed up by action. Of those employees who question the sincerity of their leaders’ actions, only 3% report experiencing a culture of inclusion.
In general, senior leaders often have a more favorable outlook on inclusion than employees. Senior leaders are having a more favorable day-to-day experience of inclusion (62%) than managers (48%) or employees (26%). This is causing a disconnect between leader’s perceptions and employee’s reality.
Inclusion drives retention and engagement. Individuals at workplaces they describe as inclusive are twice as likely to stay with their organization and three times more likely to have a sense of belonging than those who don’t.
Inclusion can maximize the potential of people and teams, creating better team dynamics and expanding skill sets across teams. Additionally, employees that report experiencing inclusion in the workplace are four times more equipped to navigate challenges and work collaboratively to find solutions in the face of conflicting opinions.

“Leaders can make or break an inclusive culture. Inclusion doesn’t just happen – Inclusion is leader-led and must be intentional,” says Dnika J. Travis, Ph.D., Director of Research and Insights at Kincentric, who led the research. “Creating a culture of inclusion is a business imperative. It ensures every employee is valued and able to fully contribute to the organization, delivering a number of advantages, including improvements in retention, engagement and team performance.”

Kincentric offers actionable advice to leaders looking to build a culture of inclusion:

Take charge with an unwavering commitment: Inclusion must be embedded in everything you do, from the talent systems that drive consistency in your employee experience to words, behaviors and actions that reinforce a culture of inclusion that enables people to thrive. As a leader, you must be willing to talk about the difficult aspects of your culture and shift performance management processes to root out and address bias. It is also crucial that you put processes in place that deal with and eliminate any acts of exclusion and mistreatment you observe – don’t leave it to anyone else to tackle.
Be willing to embrace discomfort. CEOs and senior leaders can achieve greater impact by not shying away from tough, unsurfaced, or polarizing aspects of an organization’s culture. As a leader, not acknowledging, validating, or truly understanding what is happening within your organization undermines your credibility and employees may perceive this as a lack of sincerity in your efforts. You must also have the courage to address your own non-inclusive behaviors while challenging others to do the same.
Embrace failures and adopt the right mindset. Achieving inclusion requires a firm commitment to learning and refining your approach based on data, insights, and the experiences of the people you are seeking to include. You and your organization will make mistakes, but that doesn’t necessarily mean what you’re doing is not working; it’s what you do next that is most vital.
Step back and take stock. Be honest with yourself. How have your assumptions around organizational cultural norms impacted your ability to lead inclusively? Have your actions affected your credibility, and are there any steps you need to take to redress this? You must hold yourself and everyone else in the organization accountable for building a true culture of inclusion—in which all employees are valued and can contribute their full potential.

Click here to view the full report.

About Kincentric

Kincentric, a Spencer Stuart company, helps organizations unlock the power of people and teams to ignite change and drive better business results. With decades of experience and specialist expertise in areas such as culture, employee engagement, leadership assessment and development, HR and talent advisory, and diversity, equity and inclusion, Kincentric uses data-driven insights to architect solutions that add value, enhance agility and increase organizational effectiveness. For more information, visit kincentric.com.

For more information:
Robin Boesen
[email protected]
+1 312 217 5655

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Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

7 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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Fintech PR

China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

8 hours ago

November 23, 2024

CISION (PR Newswire)

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HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

23 hours ago

November 23, 2024

CISION (PR Newswire)

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SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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