Despite the recent growth of awareness and promotion of diversity and inclusion (D&I) in the financial services industry, this specific area of business is still lagging behind others when it comes to D&I. The lack of inclusiveness and diversity among FSIs has been called out many times, and change is needed.
Goals and Objectives
Promote diversity and inclusion in the workplace, making sure that people of different ethnic and social backgrounds are represented across the company.
Ensure a supportive and equal work environment for each employee, regardless of their background.
Promote and action correct mental and physical health awareness, allocating budgets directly for this cause.
Employee survey and feedback collection, diversity and inclusion trainings and development, and implementation and usage of AI and ML in the employee hiring process and other HR processes to ensure unbiasedness
Use Case Summary
Implementing the D&I agenda is very important for business success in banking. D&I is essential for driving growth by enabling greater innovation and creativity from employees of diverse backgrounds, providing a more universal range of skills, increasing employee morale and thus productivity, and bringing a better understanding of customers as well.