Fintech PR
New Research from Kincentric Redefines Inclusion and Suggests Leaders Are Responsible for Creating a Culture of Inclusion in the Workplace
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
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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BEIJING, Dec. 26, 2024 /PRNewswire/ — A report from Poeple’s Daily:
In May 2024, Chinese President Xi Jinping paid a state visit to Hungary. During this historic visit, leaders of the two countries announced the elevation of bilateral relations to an all-weather comprehensive strategic partnership for the new era, injecting renewed powerful impetus into cooperation between the two countries.
As the interpreter for Hungarian Prime Minister Viktor Orban during his meeting with President Xi, Simon Adrienn had the opportunity to again gain a firsthand glimpse into the charisma of President Xi as the leader of a major country.
In 2009, Xi, the then vice president of China, visited Hungary. Simon accompanied him as an interpreter for the first time to explore a memorial hall with rich Hungarian ethnic characteristics. “As I provided explanations, Xi listened attentively, showing a genuine interest in Hungarian history and culture. I could sense that he was a leader of great knowledge and insight”.
Since then, she has worked as an interpreter during meetings between the leaders of Hungary and China on numerous occasions. In her memories, Prime Minister Orban and President Xi are both candid and wise leaders who know about each other and trust each other. “President Xi’s clear articulation makes my job relatively easy. He is approachable, and respects and treats every staff member equally. In my view, this exemplifies the true essence of a great leader of a major country.”
Before kicking off this state visit to Hungary, President Xi published a signed article titled “Embarking on a Golden Voyage in China–Hungary Relations” in the Hungarian newspaper Magyar Nemzet. The article provided a comprehensive overview of the successful practices and positive outcomes in the development of bilateral relations over the past 75 years since the establishment of diplomatic ties between the two countries. Simon translated the article into Hungarian. She said this experience was a valuable learning process, allowing her to gain a deeper understanding of President Xi’s views and thoughts.
In fact, this was not the first time that she translated President Xi’s books and articles. She once participated in the translation of President Xi’s book “Xi Jinping: The Governance of China“. In her eyes, President Xi drew upon numerous Chinese historical and cultural references in the book, prompting her to delve into the materials to identify the most suitable expressions. The process of translation provided her with profound intellectual enlightenment.
She deeply admires President Xi’s statement “Friendship, which derives from close contact between the people, holds the key to sound state-to-state relations.” As Hungary-China relations navigate a “golden channel,” closer people-to-people ties stand as a vital cornerstone. The Hungarian and Chinese people share many similarities, both valuing family harmony. The Hungarian people hold a profound appreciation for Chinese culture, evident through the presence of multiple Confucius Institutes, numerous traditional Chinese medicine clinics, and bilingual schools in Hungary that nurture a plethora of young talents for cultural exchanges between the two nations. Hungarian Chinese communities have also made substantial contributions to fostering deeper friendship between the two countries. People-to-people and cultural exchanges continue to strengthen, laying a solid foundation for cooperation between the two nations.
In the 1980s, student exchanges between Hungary and China began, and Simon was one of the beneficiaries. Her connection with China dated back to the third grade of primary school. At that time, she read many Chinese folk stories in the library. Upon graduating from high school, she seized the opportunity to study in China and spent six wonderful years there which had a significant impact on her life. Even today, she still enjoys reading Chinese folk stories and children’s literature. She has translated them into Hungarian, and organized Hungarian children to read them. she is always learning and improving, hoping to enhance mutual understanding between the two peoples through her work and continue to write new stories of friendly exchanges with her Chinese friends.
View original content:https://www.prnewswire.co.uk/news-releases/get-a-firsthand-experience-of-the-charisma-of-xi-302339216.html
Fintech PR
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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