The Latest Insights from Leading NOW

Five years ago, I read Talent Wins: The New Playbook for Putting People First, a book by corporate governance expert Ram Charam, Dominic Barton of McKinsey & Company and Dennis Carey of Korn Ferry. Immediately, I knew these visionaries were onto something big. They forecasted the need for organizations to deploy talent as a critical function of business, warning CEOs that if they wanted to be successful, they needed to pull the talent initiative into the C-suite. Given where we are today with the war for talent, I'm still amazed at the foresight. CEOs must prioritize people and can no longer leave talent solely in the hands of HR. They need to focus on developing the next generation of leaders if they want their organization to survive, thrive and outperform their competition.

Many organizations that have implemented a hybrid work environment are now faced with the challenges (and reality) of how to navigate it. At the top of the list is keeping employees engaged and connected. The big question is, how do you do that if they’re not physically working together, side by side, every day? It’s not as hard as you may think if you consider there is one thing that all employees have in common — a desire to feel psychologically safe at work, whether working remotely, in person or both.

According to a recent article in CEO World, among the top 3 things that are keeping CEO’s up at night is the strength of their people. But it’s not physical strength that keeps them awake. It’s the strength of their current and future leadership talent that has them concerned.

Having a culture of Inclusion is not only about checking off the boxes for diversity. It’s about diversity of thought, and making sure everyone in the organization feels secure enough to express themselves without fear of retribution. It means creating a psychologically safe workplace where those on teams feel comfortable enough to take risks, express their ideas and concerns, ask questions, and admit mistakes – all without fear of negative consequences. How do you create a psychologically safe workplace and what are the benefits of doing so?

Creating a culture of inclusion takes work. A lot of work. And like most cultural and behavioral shifts, it starts with leaders understanding how their mindsets, actions, reactions and decisions affect how employees perceive them. As leaders striving to be inclusive, the first thing we must ask ourselves is whether those around us feel psychologically safe enough to share their thoughts and ideas without fear of reprisal. Unfortunately, many times, the answer is no.

The Great Resignation, the Big Quit, the Talent Shortage—you can call it whatever you want. The reality is that the war for talent is a fierce competition and likely raging in your organization.

When Collins Aerospace, a unit of Raytheon Technologies (Raytheon has 181,000 employees and 61,000 engineers), recognized their organization’s culture was not inclusive for women in leadership roles, they reached out to Leading Women for our expertise and advice.

Continuing our blog series and 4 Steps to Making a Real & Lasting DE&I Impact, we covered step #3 and how to build inclusive leadership across your business. We explored how creating a culture of inclusion can start to address our diversity challenges and ensure that all talent is welcomed, valued, and developed. The next part of the prescription addresses the ‘E’ in DE&I, which I feel is the ‘Cinderella’ of the equation. Equity is critical to long-term success, but often the poor relation when it comes to share of company attention, action, and resources.

There has been much written about the business case for a more inclusive workplace as organizations embrace diversity, equity, inclusion and belonging. In our latest blog series, 4 Steps to Making a Real & Lasting DE&I Impact, we addressed why the traditional business case has not delivered the outcomes promised, the importance of level-setting with a cultural assessment, and then building a road map to reach your inclusion goals. Next up, let’s talk about building inclusive leadership across your business (#3 of the four steps). There is no single training session that is going to solve what I believe is the omnipresent challenge––or opportunity––of our time.

In a recent blog, I addressed how to change the culture of your company to be more inclusive for all, and the four steps organizations must take to make a real and lasting DE&I impact: Assess Current State Align Leadership & Develop Your Roadmap Engage & Develop Your Team Members Deploy & Embed Revamped Mechanisms These four steps are critical to your DE&I journey and cannot be overstated. Remember, to make real progress, people, and the organizational cultures they are part of, must change.