How to be deliberate about diversity

ARTICLE BY

SHARE THIS POST

It’s World Day for Cultural Diversity for Dialogue and Development on Tuesday, 21 May. It’s a day that drives UNESCO’s urgent agenda to bridge the gap between cultures and promote fundamental human rights and freedoms. For businesses, diversity has become a differentiator it’s impossible to ignore, especially given the current climate of globalisation and cross-continent expansion.

There are countless studies providing proof of how diverse teams benefit bottom-lines, catalysing above-average profitability and long-term value creation. In South Africa, our workplaces need to go beyond ticking boxes. We need to make it an imperative to reflect the true, demographic profile of our country to further socio-economic inclusion, shared value and job creation, and long-term sustainability. This calls for a concerted effort on skills development, mentorship, leadership and succession planning.

As Head of Learning and Development, I’ve been privileged to play a strong part in driving Santam’s transformation agenda, primarily through a focus on creating an inclusive, learning culture. Our approach to ensure Santam has the capability required currently, and in the future, is multipronged and includes:

  • Targeted external talent acquisition using various recruitment strategies with clear focus on diversity with respect to race, gender and generations
  • Deploying internal talent through promotions, assignments and secondments within Santam and the larger Sanlam Group
  • Internal capacity-building through development programmes that grow the talent pipeline in the short, medium and long term
  • An external talent pipeline drive via the Strategic Resourcing Plan (SRP) and the Skills Development Academy

 

The work’s paying off; we’re currently a BBBEE level 1 business with 57.7% women employees and 71.4% black employees. We also have multiple generations (predominantly millennials) working side-by-side. In 2018 alone, 120 learners and graduates have been trained through our learnership and internships, with an 82% placement rate in Santam and our wider network and industry. But there’s so much more to be done.

Learning and development must support a bigger transformational agenda. At Santam, we have employment equity group targets we cascade to every business unit, which makes all our people accountable for advancing transformation. We believe in proactively changing the nature of our workforce at mid-to-senior level especially. Diversity for us means a broader, generational mix of people. It means creating an inclusive culture that is welcoming to individuals who may be differently abled and from varying cultures, beliefs, backgrounds, sexual orientations and demographics.

How do we do this? It’s a work in progress, but over the last 100 years, we’ve learned several lessons. Firstly, skills are scarce so in-house talent development cannot be underestimated.  Filling key senior roles is often a challenge, so it’s best to identify candidates early on so there are a few years to groom them for strategic positions. Businesses need to grow a succession of younger people with critical capabilities. That means first identifying current – and future – skill gaps and resource requirements. Then it’s about investing in graduate programmes and learnerships to have a pipeline of ready placements.

To be able to do this, you must have future-fit leaders who are capable of optimising diverse talent. Working with different generations means knowing how to motivate, engage and lead team members of every age. We’ve been deliberate in upskilling our leaders with this knowledge through ongoing training that empowers them to sensitively navigate cultural differences and get the best from each employee. 

Then, it’s about future-fit leaders entrenching a learning culture that’s deliberate in creating awareness and sensitising people. It’s cliché, but true; it makes a big difference to walk a mile in someone else’s shoes.  It can be invaluable for team members to share their unique experiences of the world – personal and professional. This goes a long way to overcome stigmas and promote a two-way process of people sharing their perspectives and management using these to create a more inclusive environment for everyone.

The three steps to starting the transformation journey

Transformation takes deliberateness. It takes empathy and strong leadership. If I had to give three steps for other leaders to begin the process, I’d start with the definition. What is your view of transformation? It needs to be expressed as a key driver of a sustainable business, otherwise it will fail. There needs to be greater appreciation of how critical it is to the long-term success of an entity.

Next, I think business leaders need to actively seek opportunities to advance transformation within their own areas of control. Diversity of thought and experience allow for a unique approach that drives creativity, innovation and the greater good of an organisation.

Finally, it’s about accountability. If people aren’t held accountable for identifying these opportunities, then transformation won’t happen. The performance of leaders must be assessed with these mandates in mind. This will create a greater drive for leaders to find innovative ways to diversify a team. At the centre of an organisation’s future is its ability to optimise diverse talent and skills. This depends on a culture change and a culture change equates to the accountability of a business’s leaders.

The reality is the future lies in Gen X and Z currently. We need to recognise this and continuously ask ourselves, as leaders, how are we making our organisations attractive to these generations and equipping ourselves effectively to lead them. We must be cognisant of the workforce of the future – for example, an excellent underwriter could also be a DJ by-night. How do we leverage the full scope of her talents through flexible work practises? How do we engage, remunerate and offer her benefits that are tailored to her needs.  Organisations that hit these sweet spots will create the talent cohorts of the future.

Subscriber Terms and Conditions

  1. APPLICATION OF TERMS
    • These terms and conditions (“Subscriber Terms”) apply to the subscription by any qualifying member of the South African Underwriting Managers Association NPC (“SAUMA”) to the services and benefits offered by FIA Services (Pty) Ltd (“FIA Services”) under the SAUMA affiliation arrangement (“Subscription”).

  2. NATURE OF SUBSCRIPTION
    • A Subscription under this arrangement:
      • does not constitute membership of FIA NPC;
      • does not confer any voting rights or governance participation in FIA NPC; and
      • is governed solely by the contractual relationship between the Subscriber and FIA Services.

  1. ELIGIBILITY
    • To qualify for the Subscription, the applicant must, at the time of application, be a current paid-up member of SAUMA.
    • FIA Services will verify the applicant’s SAUMA membership status with SAUMA prior to activation, and may re-verify such status periodically.
    • If a Subscriber ceases to be a paid-up member of SAUMA, the Subscription will correspondingly be terminated.
    • Applicants are required to authorise FIA Services to confirm their SAUMA membership status with SAUMA as part of the application process.

  1. SERVICES
    • The Subscription entitles the Subscriber to the following benefits:
      • Complimentary access to the FIA CPD Platform;
      • Complimentary access to the FIA Insight Magazine (digital edition);
      • Advertising opportunities on FIA platforms at a discounted rate of 15% (fifteen percent) off the prevailing published rates; and
      • Invitations to attend FIA Technical Webinars annually.
    • FIA Services reserves the right to update, vary or substitute the Services from time to time, provided that the overall value and nature of the benefits remain materially the same.

  1. FEES AND PAYMENT
    • The monthly subscription fee is R260.00 (two hundred and sixty rand) for up to seven registered individuals (Key Individuals and Representatives), and R36.00 (thirty-six rand) per additional registered individual thereafter, excluding VAT.
    • The Subscriber shall provide FIA Services with the required details of each individual to be registered under the Subscription for the purposes of activation and billing.
    • All fees are exclusive of VAT, which shall be charged at the prevailing statutory rate.
    • Subscription fees are reviewed annually in March and may be adjusted with effect from 1 April.
    • Any changes to the Subscription, including but not limited to the number of Representatives and Key Individuals registered under the Subscription, may only be effected once annually during the annual review period in March of each year, with such changes taking effect from 1 April.
    • Subscription fees shall be billed monthly in arrears, unless the Subscriber elects an annual billing cycle at the time of application.
    • The Subscriber shall ensure that all billing information (including contact details, authorised signatories and bank account details) is kept accurate and up to date.
    • Non-payment of subscription fees may result in suspension of access to the Services until such fees are brought up to date.
    • The Subscriber acknowledges and agrees that all subscription fees payable under these Subscriber Terms may be collected by way of debit order, which shall be processed by the holding company, FIA NPC (The Financial Intermediary Association of South Africa), on behalf of FIA Services. Payment to FIA NPC shall be deemed to constitute valid and sufficient discharge of the Subscriber’s payment obligations to FIA Services under these Subscriber Terms.

  1. ONBOARDING
    • Onboarding will be conducted as a Subscription with FIA Services under the SAUMA affiliation arrangement.
    • Onboarding will not confer FIA NPC membership status or any associated rights.
    • Onboarding is conditional on confirmation of the Subscriber’s current SAUMA membership at the time of application

  1. DATA PROTECTION
    • FIA Services will process all personal information in accordance with the Protection of Personal Information Act 4 of 2013 (POPIA) as set out in our POPIA policies.
    • By subscribing, the Subscriber authorises FIA Services to confirm their SAUMA membership status with SAUMA and to process personal information for the purposes of fulfilling the Subscription.

  1. TERMINATION
    • The Subscriber may terminate the Subscription by giving FIA Services one calendar month’s written notice.
    • FIA Services may terminate the Subscription on one calendar month’s written notice, or immediately if the Subscriber breaches these Subscriber Terms and fails to remedy such breach within 14 (fourteen) days of receiving written notice.
    • Termination of the SAUMA–FIA Services affiliation agreement shall not automatically terminate these Subscriber Terms.
    • Termination by the Subscriber shall not relieve the Subscriber of liability for any subscription fees accrued up to the effective date of termination.
    • FIA Services may suspend or terminate the Subscription with immediate effect in the event of non-payment of fees by the Subscriber.

  1. GENERAL
    • These Subscriber Terms are governed by the laws of the Republic of South Africa.
    • Any disputes arising under these Subscriber Terms shall be dealt with in accordance with the dispute resolution provisions contained in the FIA NPC membership terms and conditions, as modified to reflect that the contractual relationship is with FIA Services.
    • Any notices required under these Subscriber Terms may be validly delivered by email to the addresses provided in the Subscriber’s application form, and such notices shall be deemed received on the day of transmission if sent during business hours.
    • The Subscriber may not assign, cede or transfer any of its rights or obligations under these Subscriber Terms without the prior written consent of FIA Services.
    • No variation of these Subscriber Terms shall be of any force or effect unless reduced to writing and signed by both FIA Services and the Subscriber.