Representation in financially regulated sectors is important in Black communities due to the disportionate rates of Black individuals holding managerial positions within this field.
According to Statistic Canada Black men were about 40% less likely to work in management occupations than non-visible minority men (SatsCan, 2021). Where is the data on Black women or members of the Black LGTBQ2Sl community within Canada?
Representation in financially regulated sectors is important in Black communities due to the disproportionate rates of Black individuals holding managerial positions within this field. Many individuals are under the impression that representation solely means hiring more diverse candidates. However, representation in corporate institutions can be executed in different ways! Below are some examples of ways you can promote diversity, equity and inclusion within your organization.
Setting the tone for the type of organization you would like to run is vital in the overall success of EDI within your spaces. During employee onboarding, individuals should undergo anti-racist and anti-oppression workshops. These workshops can go over concepts such as implicit bias, imposter syndrome, team building and much more.
Managers should actively ensure all employees are receiving the best pay for their roles. This can be done through analysis of roles and responsibilities and comparing them to their pay and the pay of others annually.
Practicing this not only ensures pay equity, but it promotes transparency and allows employees to know that they are valued.
Example of Tokenism in the workplace: Expecting the Black employees to plan Black History Month activities every year, rather than educating yourself and making an effort to create initiatives as a group.
Example of Implicit Bias in the workplace: not hiring individuals with different academic credentials than the ones in your hometown. International candidates come from all around the world, it is important to disable implicit bias while on a hiring board.
Example: Feeling not good enough compared to your counterparts at work.
Example: Hiding your accent at work and putting on a “customer service” voice.
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On March 11th, 2024, WealthSimple hosted an engaging hybrid event called "Let's Talk Financial Healing." About 40 guests were excited to jump into deep discussions about financial literacy. Participants from different places such as the UK and within Canada, joined...
On March 11th, 2024, WealthSimple hosted an engaging hybrid event called "Let's Talk Financial Healing." About 40 guests were excited to jump into deep discussions about financial literacy. Participants from different places such as the UK and within Canada, joined...
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