Tag: community

The Benefits of Diversity and Inclusion within the Workplace

 

Employees are prioritizing diversity and inclusion strategies more than ever in order to ensure their teams are prepared for success. Diversity in the workplace leads to a variety of benefits, both internal and external. In order to effectively implement these strategies and receive the benefits, you have to understand what diversity and inclusion mean in a corporate setting. 

What is diversity in the workplace? 

Diversity in the workplace refers to the intentional employment of a workforce comprised of people from diverse backgrounds, religions, genders, races, ages, ethnicity, sexual orientation, education, as well as other qualities. 

The benefits of diversity in the workplace:

1. Wider Talent Pool

Gone are the days where employees are seeking a typical 9-to-5 job with a good salary. Most people nowadays are looking for a job where they can grow, feel accepted, and be challenged. Implementing diversity allows companies to attract a wider range of candidates looking for an innovative place to work. 

2. Fresh Perspectives

Hiring people from various backgrounds, ethnicities, nationalities, and cultures brings a new set of perspectives to the company which can lead to increased critical thinking, problem-solving, better productivity, and increased innovation. 

3. Increased Innovation

Workplace diversity leads to increased innovation. Companies with a lack of diversity suffer from homogenous thinking, meaning that their thought patterns are so similar it is hard for individuals to create something new. A heterogeneous group of employees contributes to unique perspectives which can lead to breakthrough ideas.

4. Better Employee Performance

Diversity and inclusion are harmonious. When the company culture reflects a healthy mixture of cultures, backgrounds, and opinions, employees are more likely to feel comfortable, relaxed, and ultimately themselves. This leads to happier employees which increases productivity. 

It’s critical that companies understand the importance diversity and inclusion play resilience and success. Effective diversity and inclusion help better employee support, build culture, and create a flourishing workplace. Employees will feel more engaged as a result and show up to work feeling safe, connected, and heard

Momentum February Webinar – “Ignite Your Spark”

On February 23, 2021, Momentum hosted a Webinar with Jeannine Bailey, the Talent and Employee Management Manager at Alabama Power. Along with Momentum’s Katherine Thrower, Manager of Logistics and Events, she guided a conversation with Birmingham women about finding purpose and passion outside the office.

 

About Jeannine Bailey, MBA, SHRM-SCP

We are happy to highlight Jeannine who was part of our Executive Class 15 (from 2015). Jeannine is a seasoned Human Resources, Public Relations, and Communications professional. She began her career with a rich 10 year background in Broadcasting, working for stations across cities such as: Salisbury (MD), Colorado Springs, Boston, Hartford (CT), and recently for iHeart Radio in Birmingham. She carried this experience into positions involving PR and Fundraising. Then, joined Alabama Power (Southern Nuclear) in 2013 as Communications Director. She moved up to a Human Resources Director (in 2017) and to her current position in March 2020. In this role, she leads the talent management team to grow internal and external resources,  employee engagement strategies, and employee development opportunities.

 

To view the recording video, please visit this link:

http://https://youtu.be/elcsWIMEIWw

Women & philanthropy

As we previously discussed, women’s financial influence has increased radically due to greater financial independence, more spending power, and growing leadership. Combine increased financial influence with an upward trajectory of women’s roles in philanthropy, and there could be some serious world changing going on.

A brief history of women and philanthropy

According to Inside Philanthropy, Andrea Pactor, Associate Director of the Women’s Philanthropy Institute, traces the momentum for women and philanthropy back to 1991. In that year, Sondra Shaw-Hardy and Martha Taylor started the National Network for Women as Philanthropists, which changed the way women approached giving and cultivated women donors.

In 2004, the program became part of Indiana University, which allowed Shaw-Hardy and Taylor to make presentations about gender and philanthropy across the country. The program provided donor education to women donors about their power and influence in philanthropy, while also guiding fundraisers to engage women as donors.

This is just one example of the growing movement of women in philanthropy.

Generation and gender statistics

As the Baby Boomer generation moves towards retirement, Millennial women are modernizing giving. According to a recent study, Millennial women support a wider range of causes and are more likely to use new forms of giving, such as crowdfunding or giving circles. 75% of Millennial women said they are more likely to lead with their hearts than their heads when it comes to giving, compared to 62% of Baby Boomer women. However, Baby Boomer women tend to be more strategic and therefore more satisfied with their philanthropy.

Compared to men, 64% of women are motivated by their heart when it comes to giving decisions, compared to 53% of men. However, men tend to be more confident about which tax strategies or methods to use for giving compared to women (52% to 40%, respectively).

Philanthropic education is more important than ever. A strength of women’s philanthropy movement is its multi-faceted support of various causes.  By pairing greater financial independence with philanthropic motives, women have an opportunity to make a huge difference in their communities. As women, we must come together and leverage these resources to maximize their potential.

Visit Momentum’s new Mission Partners page to learn about some great organizations that are investing in the Birmingham community and get involved!