In today’s globalised world, diversity and inclusion can’t be stressed enough in order to achieve a successful and sustainable business. Diversity and inclusion incorporate the company’s mission, efforts, and practices to support a diverse workplace and leverage the effects of diversity to achieve a competitive business advantage.
According to Deloitte, diverse companies enjoy 2.3 times higher cash flow per employee. Gartner found that inclusive teams improve team performance by up to 30 percent in high-diversity environments. In a BCG study, companies with diverse management teams had a 19 percent increase in revenue compared to their less diverse counterparts.
Though diversity and inclusion may sound similar, their differences can be profound.
Diversity includes any dimension used to differentiate groups and people from one another. When talking about diversity in a workplace, we focus mostly on respecting and appreciating what makes employees different in terms of age, gender, ethnicity, religion, disability, sexual orientation, education, and national origin. Each employee in an organization brings with them a different set of perspectives, thoughts, beliefs, and ideas which helps employers have different views on various business challenges and opportunities.
Inclusion, on the other hand, includes organizational efforts to make employees of all backgrounds feel involved, valued, respected, treated fairly, and embedded in the company’s culture. Inclusive organisational culture makes people feel respected and valued for who they are as an individual or group. Employees who feel welcomed are often much more committed to their work, are more motivated and have higher levels of employee engagement.
At WadzPay, our teams also comes from diverse experiences. Our team members come from five different nations, and each has their own specific fields of expertise. Among our leadership team, our CEO and founder Anish has been in payments for more than 15 years, having held senior roles at both AMEX and Mastercard. Our Head of Commercial Matt comes from a primarily technology sales background while Simon, our CTO, has a background in Banking and Finance. Stas, our Head of Marketing has held senior brand management roles at P&G and has also acted as an advisor in the crypto industry. Indra, our newest star recruit is the Vice President of Operations and Customer Service. We will also announce two more executive hires soon with Romi and Francisca, so keep your eyes glued to our LinkedIn announcements page.
We firmly believe that by engaging employees from different backgrounds, we will be able to generate greater readiness to innovate, which is of crucial importance in the crypto world. With the mission of driving financial inclusion whilst enabling broader acceptance in mind, WadzPay aims to bring financial services to all. We will build direct relationships between retailers and consumers which will result in faster and cheaper settlements, control and ownership over your data and a seamless consumer experience.