Tag Archive for: diversity equity inclusion

Natalie Gill, Head of DEI Strategy & Industry Engagement, PGIM

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Natalie GillNatalie Gill is responsible for helping drive the continued evolution of PGIM’s DEI strategy and deepening and broadening diversity partnerships both externally and internally, with a focus on the EMEA region. In addition, she focuses on developing global research and thought leadership to create positive change in the asset management industry.

“I’ve had a varied career, but now, as a DEI executive, my role is about celebrating diversity and amplifying the voices of those who feel unheard or unable to contribute to their full potential, due to cultural or systemic barriers,” says Natalie Gill. “I am motivated by the opportunity to influence change at a larger scale. Whilst my contribution in those moments is seemingly small, I am proud that it helps create a legacy for future generations.”

Charting A New Trajectory

“We’re accustomed to thinking that a successful career in financial services should have a linear, one directional trajectory working up through a hierarchy of corporate titles. But the path to my definition of ‘success’ – career fulfillment –is not always taken by climbing the corporate ladder,” says Gill. “My career has been a wonderful lattice of sideways, upwards and sometimes, even downward moves. Taking ownership of my career in this way has enabled me to build a unique portfolio of skills and expertise, and has ultimately led me to forge a successful, purposeful career doing what I love.”

Some of those career moves were intentional, with a clear objective to broaden her exposure or responsibilities. However, Gill has also allowed her decisions to be influenced by significant life moments. During the first eleven years of her career at Goldman Sachs, Gill’s priority was travel, and she jumped on every opportunity to expand her horizons. Then, with two young children at home, she elected to take a two-and-a-half-year career break. When she returned to the industry, Gill first picked up where she left off with a temporary consulting role at Morgan Stanley, followed by a role in regulatory reform at Deutsche Bank.

“Returning to financial services after a career break offered a pivotal window for me to pause, reflect and ask what I really wanted to be doing with my career. It was either a midlife crisis or an epiphany moment,” she says. “For me, having children really focused my career ambitions because I wanted to do something that would make them proud of me.”

Years earlier, she had encouraged and supported her husband to leave his job in investment banking to realize his ambition to become a firefighter, setting a precedent for making bold career changes. Having studied economics at Newcastle University in England, specializing in the economics of inequality and poverty and development economics, Gill’s passion for fairness, equity and inclusion had been a thread throughout her career.

So, in 2016, she made the decision to step away from financial services to join a gender diversity consultancy. “At the time, the consultancy was working closely with the UK Government’s Equality Office. I found it immensely rewarding, and after three years there, I decided to blend my two areas of expertise – DEI and financial services.” This led Gill to move back into the financial services industry as a DEI practitioner in 2019, most recently joining PGIM in her current role in 2022.

Why Being “Invested” Matters in DEI

“For me, the role of DEI is a vocational one,” says Gill. “If companies want to remain successful in the future, they can’t have a culture where everyone thinks the same and agrees with each other. We need alternative perspectives and different ways of thinking to innovate and deliver the best solutions for our clients. And I take it seriously that I have a responsibility to support and represent those at work who, perhaps, don’t feel as heard.”

Gill complements her passion for DEI with a love for numbers, enabling her to take a data-driven and evidence-based approach to her work.

“My background in economics has led me to approach DEI more systematically perhaps than those who have come to the profession through a more traditional route. I see data as critical to evidencing areas of inequity and accelerating change. It’s particularly important in the DEI sphere to remind people of the potential business outcomes and to measure progress and impact,” she says.

Compared to other DEI roles she’s held, her role at PGIM is both employee- and industry-focused. Part of her responsibility is to ensure the company culture is inclusive and enables all employees to thrive. Another piece is leveraging the opportunity for PGIM to play a role in driving change in the industry.

“Currently, we are operating in a fairly polarized environment around the world when it comes to diversity, equity and inclusion, which extends to the workplace. Given my global role, it’s imperative for me to have a deep understanding of industry, society and legal standards on DEI in every region we operate in,” says Gill. “For example, in the UK and Europe, there is an expectation for firms to take greater accountability in driving social change given local governments and regulators have identified a connection between conduct, culture and inclusion.” She continues, “Because of this, the broader impact of DEI becomes far more important as our clients and employees demand more from us.”

Using Your Voice and Broadening Your Perspective

A key part of Gill’s role is to challenge the status quo, to encourage leaders and managers to disrupt their default thinking. She takes a straight-forward, fact-based approach to communicating and tries to challenge people to think differently. But being direct didn’t come naturally. With a Royal Air Force pilot father and a mother who was a teacher, Gill grew up in a family where hierarchy, respect for seniority and deference were instilled. When she first entered the working world, she deferred to titles, but through her experience, she learned that titles and seniority aren’t everything.

“The best leaders are those who recognize you don’t have to be the most senior person in the room to bring valuable insight or perspective that drives change or helps to make the optimum decision,” she says. “We’re all here because we have a role to play and a level of expertise in a particular area. Part of my journey has been overcoming my discomfort when faced with resistance and instead, learning how I can better use my knowledge and expertise to address the differing perspectives in a room and influence people to see DEI as a business imperative.”

Gill’s learning curve has been building up a strong support network for a role that spans the organization and beyond. “Driving inclusive culture change touches every part of the organization, so you can’t do it on your own,” notes Gill. “So, taking the time to build the network of people who can support you is important.”

Inspired from the idea of creating your personal boardroom from Zella King and Amanda Scott, Gill identified the six to twelve people that will most help her to succeed in her role. For example, she seeks guidance from friends and mentors who she knows will challenge her thinking, highlight her blind spots and help strengthen her resolve. She also regularly leverages the opportunities to expand her perspective and circle.

“When I have the opportunity to go out and mix, either at an internal function or an external event, I actively and intentionally speak to people who I wouldn’t ordinarily know,” she says. “Sometimes you have to overcome the tendency to sit in safety and familiarity because building a valuable network is about breaking out of your comfort zone and putting yourself in a position to meet people who maybe have different experiences and backgrounds than you.”

How Different Experiences Inform Your Leadership

Gill’s work experiences at different organizations have been a boon to her success. Over the last 20-plus years, she has worked for British, American, German, Spanish and Japanese organizations, and each has had different systems, approaches, processes and cultural nuances, giving rise to different perspectives. Working across multiple geographical regions, she’s also gained insight into translating her message, so it lands effectively for a given audience.

Regardless of whether someone moves firms or stays within the same, one of the biggest experiences she learned from is having different managers.

“We talk a lot about what ‘good’ leadership is and how it should be role-modelled by the most senior people in our organizations. However, we’re most impacted in our day-to-day by our immediate managers and the people we work most closely with. Throughout my career, I’ve probably learned as much from poor managers about how I don’t want to behave as a leader as from those who were better at it.”

Several years ago, a respected manager imparted on Gill that their job was not to be the loudest voice in the room – but to amplify and curate the voices of everybody else in the room. Gill embraced this approach to leadership and believes that the best gauge for her success is whether the people around her are succeeding. This, she says, comes down to the privilege of being in a position where you can choose to create positive impact for others.

“To me, it’s not about how or why you are in a position of leadership. It’s about how you choose to use that privilege – recognizing, in the moment, where and how you’re able to positively support and influence other people’s careers,” she notes. “My success, as a leader, is about leveraging my privilege to uplift others—acknowledging different perspectives, viewpoints, and experiences.”

Taking Ownership of Your Journey

Gill emphasizes taking ownership of your own career, which includes seeking out people who inspire you to learn more. Rather than waiting on a formal mentor program, actively reach out to people who spark your interest and grow your own network.

“Too often, I see colleagues wait to be assigned a mentor through a random matching process. There’s much more to be gained from identifying someone who inspires you and reaching out to them directly. If you tell someone that you’re fascinated by the work they do, and you’d like fifteen minutes to learn more about what they do and how they got there, it’s incredibly rare for that person to say ‘no.’ If they do, it’s likely due to time constraints,” she notes. “Yet, we’re quite reticent, and maybe even more so culturally here in England, to knock on someone’s door and ask.”

The notion of taking control of and shaping your own career is one that Gill imparts to the many young people she mentors, including her own children. “I’m proud that my children have seen, firsthand, that it’s possible to pivot mid-career to get fulfillment. I hope they will be inspired to take similar action to achieve a sense of purpose in their own careers when the time comes.”

“Whether you opt for a more traditional ladder or a broader lattice of work experiences, it’s also important to find time to recharge. Early on, one of my closest mentors told me that I am solely accountable for the balance between work and the rest of my life.” Gill continues, “In a role like diversity, equity and inclusion, where there is always more to achieve, this can sometimes be difficult to switch off, but I know I am more effective, more influential and more motivated to succeed afterwards.”

In her downtime, Gill likes to stay active with Pilates and a women’s field hockey league. She also enjoys reading psychological thrillers with a traditional English cup of tea.

By Aimee Hansen

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Rhonda Johnson: CEO, Different Like You, Inc & Acting Deputy Director, Consumer Financial Protection Bureau

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Rhonda Johnson “I like to view people as generally good. Without a tool to understand when you’re doing something that causes harm, you may not even know you’re doing it,” says Rhonda Johnson. “In the corporate world, we have tools, training and social pressure to moderate our bias and behavior, but not as much in small businesses. Without a tool, how can we address it?”

Johnson speaks about the unfolding of her DEI journey from Wall Street to Washington, D.C., being part of the founding team of the Consumer Financial Protection Bureau (CFPB), and launching Different Like You, Inc and the Sacki App to weave the principle of inclusion deeper into the social fabric of small businesses and our daily lives.

A Culture Change from NYC to D.C.

Growing up as a New Yorker in a diverse neighborhood, Johnson was struck by the lack of diversity when she entered into Wall Street, often as the only woman or woman of color in the room.

“Different perspectives add value to the solution. If everyone was coming from Harvard or Stanford or Ivy League schools, I felt there wasn’t enough diversity even in the way people think, because they’re trained how to think at these schools,” she recalls. “I was interested in diversity of thought and experience and felt we needed to do something different.”

At James D. Wolfensohn, Inc., a private equity firm, Johnson began recruiting at Historically Black Colleges and Universities (HBCUs), too. Quickly, she witnessed how diversity shifts the culture. She observed how bringing in people of different economic, educational, and ethnic or racial backgrounds disrupts group think and status quo approaches to problem-solving, which also introduces tension.

“At that time, nobody was confronting these questions. What does inclusion look like when you bring in different types of people if we don’t operate on the same plane?” she was asking. “How do we solve this problem?” Diversity was being addressed but inclusion was lacking. Over the years this became a nagging question.

In November 2009, during Barack Obama’s presidency, Johnson moved to Washington D.C. to work in the Office of the Under Secretary for Domestic Finance within the U.S. Treasury. Her boss Jeffrey Goldstein, then chairman at Hellman & Friedman, was nominated to the post and brought her in. She served as a review analyst for two years, during which her passion to advance inclusion increased.

“Back in New York, even though diversity was limited within financial services, I didn’t feel isolated or marginalized, as it was a melting pot. If you work in NYC you are exposed to different types of people as part of daily life. D.C. felt way more polarized. Even where people lived was very racially divided. I was frankly shocked at the difference in culture,” she notes. “It started to slowly change because people of color from across the country were moving to the area to work for Barack Obama, so more racial, ethnic, cultural and economic diversity was being infused into the DC area and the federal government.”

Johnson moved on to become a founding member of the Consumer Financial Protection Bureau (CFPB) in 2011, initially as D&I Program Analyst and then as Senior Advisor, Office of Minority and Women Inclusion, before stepping into the deputy director role as of April. Now she focuses on assessing diversity and inclusion within financial services, essentially going full circle to help financial institutions address the challenges she identified early in her career.

Why Diverse Perspectives Bring Creativity

“I am curious about people. I want to hear about your story. I want to know about you, what you’re doing, where you’re trying to go,” says Johnson. “I also want to hear your perspective about solutions we’re working on. I feel no one person has the answer, and all products and solutions can benefit from different perspectives.”

Meeting people where they are and valuing collaboration, she is a furtive gatherer and proponent of the creative value of multiple perspectives.

“So many big decisions have been made by people who were all thinking alike. I feel it’s critical to have different perspectives on solving problems, especially big problems,” says Johnson. “More than one thing can be true. I try to remind people that it doesn’t have to be either/or. It can be and. I like to consider how we can meld ideas to come up with a good solution. If there are two opposing ideas, rarely is one or both entirely wrong.”

She gives the example of a mechanic looking at a problem in the medical field. Their opinion may be invalidated because they’re not a doctor, but being outside of that frame also gives the mechanic an opportunity to see a totally different solution which the doctor may not be able to consider from his vantage point within it.

“When you have diversity of thought, I genuinely believe you open the door to much more and many creative solutions,” emphasizes Johnson. “I often think the creativity lies not necessarily in the subject matter expert, but in the person who is looking at the problem for the first time.”

Raising Her Voice To Advocate for Inclusion

Johnson has always valued giving employees a voice – through surveys with disaggregated data results, through ERGs, and diversity councils. She also had to raise her own voice to make sure that happened.

“I’ve always been that person to fight for the underdog. I don’t like unfairness,” says Johnson. “So anytime I saw unfair treatment, I was definitely always willing to speak up, even in an environment where I didn’t feel like I had a lot of power.”

Early on in her career, Johnson focused on being observant, listening, learning and working hard, not so much on her voice being heard. Until it became necessary. Compared to the NYC culture, where people were more forthright, Johnson found the culture polite and evasive in D.C.

“There was a disconnect between what people were saying and what they were willing to do,” she observed, “I take people at their word. If you say you support this, I expect your efforts to reflect that, and so when that didn’t happen, I would confront the person. I found out people weren’t used to being challenged on what they promised in this space,” she says. “So I had to find a different way than directly calling people out. That’s when I shifted my approach, I started to dive deep into the research to ensure that my colleagues could better understand the importance of diversity and inclusion initiatives being proposed, I began sharing the data behind the strategies, and working collaboratively to gain buy-in and then documenting the commitments people made. It often requires more work to help people understand the importance of equity, so it became more socially acceptable to also hold them accountable.”

Launching a Social Inclusion App

Her professional focus on DEI and the culture shock of moving from NYC to D.C. also spurred Johnson on an entrepreneurial journey. Whereas in the NYC melting pot, she could go into any restaurant and see diverse customers, when going out with friends in D.C., she often experienced being treated differently.

“People take their biases everywhere and if there’s no incentive to check them, they won’t change. We are imperfect and the result of so much we’ve experienced,” she says. “In the corporate world, we get training to check our biases. But I’m not sure that happens at small businesses, merchants, apparel shops, gift stores and restaurants. I felt there was a need for more communication around how different groups of people are being treated – whether it’s because of race, language proficiency, or size.”

She launched differentlikeyouinc.com and the Sacki App. Sacki is similar to Yelp with a diversity matching dimension. Consumers are invited to create a profile and share positive and constructive reviews on their experiences with merchants. Sacki matches consumers (based on their demographic profile) with relevant review data.

In 2015, she first began to frame out the App but then got stalled on development setbacks. During the lull of the lockdown, she decided not to watch television and found that she was re-energized in her passion for developing Sacki.

She notes, “I began to research the impacts on mental health and physical illness from the stress of life for groups of people – Hispanic people, black people, people with disabilities, obese people. All these interactions they have on a day-to-day basis cause so much stress and affect health and mortality,” she says. “How people are treated on a day-to-day basis while going about their lives has such a massive impact on our society, daily micro-aggressions result in anger, frustration, depression, that lead to decisions and behaviors that affect all of us. The goal is that everyone should be treated with dignity and respect.”

Johnson’s Sacki App will hold people accountable in smaller, less formal business settings that also contribute to day-to-day interactions. Currently, the Sacki App is in beta in Atlanta. Sacki will go national to major cities within a year and international within a couple of years. Currently, she is in the process of learning how people behave with the App and what modifications need to be made.

Dealing with development, technology and design, Johnson has been stretched by launching an App, but her entrepreneurial spirit had already been there.

“When I went to the CFPB, I had the opportunity to be super creative informing our office, our function and our role,” she says. “There was a lot of opportunity to be innovative and bold because we were just launching and building the agency.

Building A World Without Shells

“I have always been extremely sensitive, and I think I built this shell around myself because it wasn’t working for me,” she recalls, giving the example of a female colleague once stealing the idea Johnson had shared with her and presenting it to their boss. “I felt so naive. Different incidents in the work culture broke my heart. That hardened me. I didn’t trust people.”

Though part of her feels putting a guard up was necessary, she also knows operating with a survival mechanism is not the same as thriving, and she doesn’t want to do it to herself, anymore.

“What’s for you no one can ever take away. Stay true to yourself. Maintain your authenticity,” she would say she has learned through the years. “I think my authenticity is important. Sometimes you have to figure out whether you’re in the right spaces for who you are, who you truly are,” she muses. “Without the shell, I may not have survived in certain environments. Being authentic may lead you to different places and even doing different things. It sounds cliche but I think people should follow their heart.”

Now Johnson is expanding into more of who she truly is while enjoying the culture and nature of Washington D.C., too. The Sacki App, based on inclusion, is her way of trying to impact the world so people can be who they are everywhere they go.

By: Aimee Hansen

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Tiara Henderson: Corporate and Investment Banking Head of Women’s Segment and Commercial Real Estate Head of Diverse Segments, Wells Fargo

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“It’s about making connections at a deeper level and not just transactional or at the business level. We really are on this journey together,” says Tiara Henderson. “So many of our new and existing clients are excited to know that there is a group that is solely focused on engaging and retaining diverse-led and diverse-owned firms while delivering the entire spectrum of Wells Fargo products and services.”

Diversifying The Advantage of Financing

As a psychology major at Davidson College, Henderson recalls, “What we learned in liberal arts was to think critically and the rest will fall in place. That skill is of paramount importance in every job or career, no matter the industry.”

During her senior year, Henderson interned for a developer, her doorway into commercial real estate and development, which led to her early career path, which included working for affordable property development (Hope VI) to mixed-income property development to Commercial Mortgage-Backed Securities (CMBS). She joined Wells Fargo ten years ago, originally in the Commercial Mortgage Loan and Securities Finance group which provides credit facilities to non-bank commercial real estate lenders.

Advancing to her current role in August 2021, Henderson wears many hats as both Head of Women’s Segment for Corporate & Investment Banking (CIB) and Head of Diverse Segments for Commercial Real Estate (CRE). Her two roles have one mission: identifying, engaging and retaining more diverse bank clients.

“What drew me to this role was the opportunity to create something new while having an impact on women and other diverse owned and led firms. It’s the chance for me to bring them to the table and watch their platforms grow as we surround them with support, resources, and access, and not just access to capital, but access to information, people and ideas.”

She iterates that it’s not only her passion, but a Wells Fargo priority.

“Having the support of the leadership at Wells Fargo in the work that we do has been tremendous – necessary, but also tremendous,” says Henderson. “There is a positive spotlight on our group at all times and when people speak of Diverse Segments as an ‘initiative,’ senior leaders will quickly step in and say, ‘no, this is part of the fabric.’”

Building Relationships with Diverse Owners

Henderson spends her days finding and engaging with new clients, deepening relationships with existing clients and re-engaging previous clients – including outreach through panels, conferences and events. Her group, (led by Danielle Squires – Head of Diverse Segments, CIB) is set up to foster close collaboration with her banking and markets diverse segments partners to meet the multi-functional needs of a given customer. She says her people-oriented personality is core: really listening to what clients are looking for and what their needs are and making the right introductions for them.

“Because of our differentiated approach to client management, we are able to engage and have an immediate connection with clients,” she says.

Henderson’s team creates events that bring in a wide array of clients from smaller and larger diverse-owned firms. While she loves to golf, for example, some of her clients might not be drawn to such a traditional networking event. So, when her team put on the Women’s Leadership Summer last October, they tailored it to their audience.

“It’s hard to get people out of the office for three days to travel, especially when we’re talking about CEOs and women in the C-Suite,” she said. “We were hoping to get 50 or 60 people, but we had 90 women enrolled, because this was an event created and curated for women, and it resonated.”

She adds the biggest feedback she received from the women’s leadership conference was it should be longer and no suits or heels – only yoga clothes allowed. Wells Fargo is no stranger to hosting events that celebrate diversity. For example, Wells Fargo sponsors the Spoleto Festival, and last spring, her clients (some with their families) traveled to Charleston for Memorial Day weekend and the world premiere of the opera, “Omar” – based on the autobiography, translated from Arabic, of West African Muslim scholar, Omar ibn Said, who was enslaved in the Carolinas, after being captured at the age of 37. The opera was composed by Grammy-winning artist, Rhiannon Giddens.

“These events reach our clients on a deeper level and it’s why they are so successful,” says Henderson. “We are connecting in a more meaningful way, and they appreciate and enjoy engaging with Wells Fargo.”

If You See Her, You Can Be Her

Henderson can be trusted to bring candor, connection, and industry knowledge to the table. Being regularly in the room with top senior leaders to witness firsthand how strategies and ideas can be pulled apart has leveled up her own strategic thinking – for example how to engage with women or build up the CRE diverse segments platform.

“Keeping that leadership lens and the lens of ‘who is my audience’ at all times is a skill that I’ve had to sharpen and will continue to hone as we evolve our strategic priorities and throughout the implementation of our strategic plan,” she says.

As a woman of color in the banking industry, Henderson comments, “I’m competitive and I like a good challenge. If someone says ‘it can’t be done,’ well that is probably the best motivator for me.”

Recently, she wrote an internal piece: “If you can see her, you can be her” – highlighting the importance of having diverse leaders who blaze the trail since it encourages others to envision themselves as future leaders too. She notes that it has traditionally been harder to find diverse representation in banking, and cites seeing more diverse representation on the Wells Fargo CIB operating committee (eg. Kara McShane, head of CRE, the largest real estate platform in the country and her own boss, Danielle Squires), as a sign of measurable change.

“That motivates different people to envision a career in banking, because now they see the path to leadership,” says Henderson. “That can change the mosaic of our future leadership.”

But she admits she’s catching up to seeing herself as that person who others will aspire to be: “Many women in leadership roles still don’t give themselves enough credit that we are, indeed, leaders. We feel like we never get ‘there’,” she observes. “The first time someone reached out to ask for time on my calendar, I had to take a step back and realize I have gone through this 25+ year career path and people are interested in connecting with me as a leader. But I also know it’s a two-way street. There is always something we can learn from each other, no matter what your level is within an organization.”

A Personal Board of Directors and Ownership

Through experience, Henderson has observed the leadership traits she seeks to emulate, as well as those she doesn’t. She prefers the calm, confident, strategic thinker as a leadership approach, which she identifies with. One suggestion she received from a mentor was to have a personal board of directors, people who you trust and can consult for advice.

“I want the disruptor. Somebody who is always thinking of the antithesis and they’re not going to give you the answer you want to hear. They’re going to shoot it to you straight and play devil’s advocate. I also want the people who have lots of lived experience and are highly competent, who can provide the guidance that helps you stay grounded in the decisions that you make,” she says. “Also, for me, having a spiritual person is important because that helps you stay centered. Depending on what I’m contemplating, I may also need someone industry specific. Your personal board can help shape goals and strategies.”

Henderson advises her mentees to be their own best advocate and take control of their career, because no one else is going to do that for them. In her view, this has become more important versus 20 years ago in Corporate America, when people-focused middle managers would meet to talk about career paths. Now, she notes, managers tend to be product-specific experts over a product group, but that doesn’t always mean they are experts at managing people.

“I think, because of that, the onus is now on each individual employee to think through their career, their path and trajectory and bring that to their manager, whereas in the past it was more of a team effort,” she observes. “I have had some great managers who I would absolutely invite to my board of directors.”

Networking – Whether It Comes Naturally Or Not

“Networking comes naturally to some people and for others, it doesn’t. The first step is to understand which bucket you’re in,” she advises. “If you are a natural networker, find as many chances as you can to put that to use because it’s only going to be to your benefit. If you are not a good networker, you need to recognize that, number one, and focus on growing that skill.”

She points out various ways to do this for those it doesn’t come naturally to. Perhaps its networking with people in your industry, where you have more confidence. Then, perhaps expand to network with people in banking, covering different industries. But find your niche and focus on growing the skill from there.

Henderson considers herself somewhere in the middle. But she’s learned networking hacks: “If there’s an event that evening, I try to reserve some energy so that I am prepared and charged for the networking that will come into play.”

She also knows that she must be mentally prepared if the networking involves working her way around a room of 500+ people, but she’s noticed an exception to that rule: “What I’ve found is that if I speak on a panel or I’m introduced as a sponsor, I am very comfortable tearing through the room and meeting everyone afterwards,” she notes. “I can take it from there!”

A Personal Board of Supporters

One hard truth that Henderson has learned to accept is that not everyone has a vested interest in your success: “Some people are not going to be a cheerleader,” she says. But focus on the bright spots. Along with a board of directors, you also need a board of supporters and hopefully they are one in the same. Once you have shaped your strategy and goals, you need those people who are going to continue to support you and push you forward.”

As a wife and mother of a 14-year-old daughter and 11-year-old son, she’s very focused on her children’s school activities and sports. Her daughter is a “retired” competitive gymnast turned tennis player, while her son excels in any sport that ends in the word “ball” and lacrosse. He’s following in his dad’s footsteps. His dad is in the Davidson College Football Hall of Fame and, interestingly enough, also has had a long career in commercial real estate. Henderson loves going to the beach, playing golf, and sharing moments with friends and family.

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Loretta Pearce: Chief Diversity and Inclusion Officer, Shearman & Sterling LLP

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Loretta Pearce“It makes all the difference in the world that you don’t have to compartmentalize and say ‘this is who I am over here’ and ‘this is who I am over here,’” says Loretta Pearce. “To just be who you are everywhere is liberating.”

Yet the research is clear, the further you are from dominate prevailing culture in the workplace, the more you adapt and conform to expected norms to thrive in the organization.

Pearce shares, “I’ve spent much of my career helping others navigate this space so that they can advance their careers and be as authentic as possible given cultural workplace constraints”.

She inspires us with a love for supporting the transformation of organizations and people, checking your inner circle, embracing difference, offering up your best gifts and giving yourself, and others, some grace.

From Academia to Leading Diversity and Inclusion

Pearce’s DEI journey was seeded when she left her hometown community to become an undergrad at the University of Virginia. Though she was an honors student in the top 10% of her class and well-supported by a preparatory program as a first-generation college student, she also experienced a sense of “otherness” those years on campus that catalyzed her drive to create open and inclusive spaces for everyone: “I wanted people in any space to feel a sense of their own value as well as a sense of belonging.”

After graduation, while teaching, she worked with (predominantly black and brown) students from lower income communities in the inner-city. When that campus relocated to a suburban location, diminishing her ability for impact, Pearce moved into learning and development in corporate spaces. Given her passion for inclusion, she was repeatedly called on to facilitate conversations, coach leaders and lead DEI initiatives.

“In my heart, at the very core of who I am, I’m an educator,” Pearce shares, who is immersed in doctoral studies at Teachers College at Columbia University, “I am always seeking to support others as they endeavor to be their best selves.”

While in talent management roles, Pearce realized that no matter how much leadership development an individual had, if that person wasn’t provided with opportunities by organizations to showcase their skills and talent, her work was in vain. She began connecting people to opportunities and sponsorships as she went across various talent management roles until DEI became her focus. That has meant that not only does she focus on supporting people but also on systemic barriers to inclusive workplace practices, community outreach and engagement, recruitment and supplier diversity.

She contends that “Being strategic and intentional with a holistic view, understanding an organization’s culture and practices, developing and managing relationships with stakeholders and being steadfast and determined are essential to having impact in this space. Diversity and inclusion must be embedded into every facet of the organization; that takes time, attention, and resoluteness.” Most recently she was the DEI Global Talent Management Programs Leader at Meta (formerly Facebook) and in May of 2022 she was hired as Chief Diversity and Inclusion Officer (CDIO) for Shearman and Sterling, LLP.

As the CDIO at Shearman and Sterling, Pearce, has responsibility for Shearman & Sterling’s global diversity and inclusion strategy. Pearce shares that she “grew up in law firms,” as after serving in academia she launched her corporate career at a law firm. She reveals that after meeting with the firm’s leadership “it was clear to me that diversity and inclusion was a key priority for the firm and that I would get the support required to continue to develop and implement the firm’s goals and vision in this area”.

Since she is an educator and it is foundational to the work she does, she finds the time to facilitate unconscious bias programming or other sessions with inclusion themes – recently for example, at Shearman and Sterling’s Associate Leadership Academy, and while “glamping” during one of the practice area retreats.

Check-In: Who is In Your Trusted Ten?

“Acknowledging and identifying your own bias is the beginning of being better,” Pearce says. “To simply recognize that you have unconscious bias, that we all have it, and then to try to understand and mitigate against it – and essentially, widen your circle.”

She challenges individuals to consider “The Trusted Ten,” those who are the closest ten people in your friend group. What are their demographics (gender, race/ethnicity, education, socioeconomic status)? If they align with you in most of these areas (which they normally do), find someone different in some way and have a conversation. The more you do that, the more open to difference you become. Pearce notes that “small, deliberate progress in this area can make a big difference”.

Pearce argues, especially when she is met with resistance from leaders around sponsorship, that “you’re sponsoring people all the time. Anytime there’s an opportunity and you put a name forward, if you’re a leader, you’re sponsoring that person – and, typically that person looks like those who are part of your trusted ten.” Pearce advises that as leaders we must endeavor to embrace difference, widen our circles, and understand the abilities of all those we lead; their talents, aspirations, and capabilities so that we can put their names forward the next time an opportunity presents itself that aligns with their experience and skill set.

Pearce brings her passion and experience to bear in her work at Shearman and Sterling, LLP and is especially excited about the culture of mentorship and sponsorship that the firm is already known for: “The firm has received numerous accolades for partners who are patient and understanding that take the time to explain assignments. Repeatedly during my listening tour, I heard that the culture was collegial, considerate, and kind. The firm’s values align with my own and we continue to make progress toward creating a more diverse and inclusive environment,” Pearce shares.

Her Success Factor: A Love For People

“The higher you are in leadership, the more removed you can become from those you impact. But I love to talk to the people that I’m endeavoring to elevate, advance and serve,” says Pearce. “What really motivates me is having conversations with the people I’m trying to serve, hearing directly about their experiences and understanding what I can do to better help them.”

Pearce would say the biggest factor behind her success is “honestly, just a love for people.” As a preacher’s kid (a PK, she quips, with a smile, adding she is also married to a man who is a pastor), she was brought up on the values of loving and treating all people with kindness, respect, and dignity.

“I believe that relationship with and service to others is foundational,” says Pearce. “No matter what situation I find myself in, I look around and ask, how can I serve?”

Strive For Excellence and Give Grace

Pearce has joy at her core and brings that into the workplace. She leads with calm and compassion and fosters a team culture of collaboration, learning and giving people the benefit of the doubt rather than jumping to judgement or blame when a mistake occurs. She emphasizes and practices the perspective of “giving people some grace.”

Pearce imparts two key pieces of advice to mentees. The first is “Strive for excellence. Mediocrity is just not acceptable, so offer your best gifts.” That came from her parents and the environment that she was raised in, but also, her family and community of origin emphasized that you must “Give yourself some grace, and if necessary, forgiveness. Take chances, be bold, mistakes offer an opportunity to grow. Learn the lesson and move on.”

Embracing Difference

As an introvert, Pearce’s stretch zone has been around extending herself in social settings, as her senior leadership and executive roles hinge on building relationships, developing, and managing them and therefore networking is essential.

“We are all humans having a human experience and so you ought to be able to connect with anybody on some level,” notes Pearce. “Different perspectives are something to embrace, not something to close yourself off to, because they help you think and see things from different perspectives – and that’s what this work is really all about.”

Role Modeling Towards the Future

Along with working on her doctorate, Pearce serves in the church and does a lot of reading. She also loves TV, movies, and science fiction, declaring: “I’m a Trekkie from way back. If it says Star Trek, I’ve watched it.” But there’s more to her Trekkie passion than entertainment.

“When Star Trek started, they had a very talented and diverse cast, and, of course, Nichelle Nicholas who played Lt Nyota Uhura, a beautiful, intelligent, competent black woman who was either 3rd or 4th in the command structure. I could see myself in the future,” says Pearce. “I loved the show and the world it created, and I loved exploring the themes they grappled with.”

With a demanding schedule, Pearce still finds time to coach and mentor those who reach out to her for support and guidance. She shares, “At the end of the day, it’s about impact and leaving the world better because you were here. I endeavor to do that every day. It fuels me and inspires me to do even more in my areas of expertise and influence.”

By Aimee Hansen

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Why Micro-affirmations Matter as a Leader

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micro-affirmationsWhile microaggressions and micro-inequities contribute to experiences of exclusion for many at work, frequent experiences of micro-affirmations could help to cultivate a culture of inclusion. Every single person is capable of being an agent of micro-affirmations – and as a woman leader, you’re more likely to be ahead of the curve.

Microaggressions and Micro-Inequities Create Exclusion

Microaggressions are the brief and everyday slights, insults, indignities, and denigrating messages sent to marginalized groups. Though often unconscious, they perpetuate a devalued “otherness” by: establishing the majority group as the norm, “highlighting a person’s ‘difference’ from the majority represented group” in a way that diminishes, discomforts or disapproves, and reinforcing thinly veiled stereotypes. This includes “complimenting” an individual in a way that implies “exception” to a hidden underlying group assumption.

Verbal examples that different members of BIPOC communities experience include:

  • “Your name is hard to pronounce.”
  • “You’re so articulate.”
  • “But, where are you really from?”
  • “I don’t see color.”
  • “Your English is really good.”

In a similar vein, micro-inequities are “cumulative, subtle messages that promote a negative bias and demoralize.” These reaffirm the status quo of power dynamics and discourage, devalue and impair workplace performance for non-majority groups.

Common gender related examples that women face include:

  • Asking the woman in the room to get the coffees
  • Mansplaining and manterruption
  • More multi-tasking on phones while a woman is speaking
  • A woman’s idea being dismissed and later mis-attributed to a man
  • Women in the room receiving less eye contact from the speaker

Microaggressions create cumulative psychological harm – impacting upon mental, emotional, and physical health. Long-term exposure is associated with symptoms of depression, anxiety and can be corrosive to self-worth and self-esteem.

In Forbes, Paolo Gaudino suggests that one effective way to measure inclusion is to ask people whether and how often they have incidents of exclusion. The sum impact of microaggressions and micro-inequities is the substantial harm of exclusion.

Micro-affirmations Help to Creating Inclusion

According to Mary Rowe at MIT, “micro-affirmations” are “apparently small acts, which are often ephemeral and hard-to-see, events that are public and private, often unconscious but very effective, which occur wherever people wish to help others to succeed.” They foster inclusion, listening, comfort, and support for people who may feel unwelcome or invisible in an environment. Micro-affirmations can proactively affirm belonging, value and sense of self.

As shared by The Harriet W. Sheridan Center for Teaching and Learning at Brown University, “Micro-affirmations substitute messages about deficit and exclusion with messages of excellence, openness, and opportunity.”

Drawing on her own experience as an executive at an international engineering firm years ago, Change Catalyst CEO Melinda Briana Epler, defines micro-affirmations as “little ways that you can affirm someone’s identity; recognize and validate their experience and expertise; build confidence; develop trust; foster belonging; and support someone in their career.”

University of Kansas research found that being aware of a male ally who is vocal about gender equality reduces anticipated feelings of isolation for women in STEM and increases anticipation of support and respect. Research has shown that experiencing micro-affirmations – such as “affirmations that people of your culture/ethnicity/gender/sexual orientation are important contributors to advancing knowledge,” “affirmations that you are a scientist,” and “affirmations that you can complete your degree” – help increase student’s integration into the science community and intentions to persist in the STEM field. Other research has suggested that integrating micro-affirmations in academic advising in the college environment could fuel optimal student development and better engagement, retention and graduation outcomes.

Rowe hypothesizes that regular practice of using micro-affirmations could increase one’s tendency to be “universally respectful” to others. Affirming others has the potential to create a positivity loop that ultimately fosters a more inclusive culture – supporting both marginalized voices in the workplace and your female peers and colleagues.

What Do Micro-affirmations Look Like in Action?

As found in the Women in the Workplace 2021 Report, employees report women are more likely showing concern for the overall well-being of their reports, supporting them emotionally and checking in on their work/life challenges

“Allyship is really seeing the person next to us,” says Epler. “And the person missing, who should be standing next to us.” She encourages us to all be allies to each other.

Here are examples of everyday micro-affirmations that you can use to help support others, especially those underrepresented and marginalized voices in your teams:

  • Give your undivided presence when others are speaking or presenting. As a leader, you have the opportunity to model being attentive to and listening to others. Notice when you go for your phone or an e-mail. Ask thoughtful questions that reflect real engagement.
  • Be an active listener. Use reinforcing body language. Eye contact, nods, facial expressions, tone of voice and choice of words all contribute to convey care and listening. By repeating back key points that struck you, you can let others know you were attentive and valued what they shared.
  • Invite individuals from marginalized communities into the room with you to be part of the discussion. Also help to create the space so they are heard, which may include leveraging your position of relative power to intercept an interruption. Using your voice to advocate for the voices of others is empowering to everyone.
  • Echo good ideas that members of your team raise and attribute those ideas back to the person, especially when you see their ideas being overlooked or highjacked. Support your female colleagues and underrepresented voices to receive the due credit for their contributions. “Building upon what Jasmine said” is one approach.
  • Publicly acknowledge the accomplishments, expertise and skills of marginalized team members and help raise their profile with others, especially as many have to reassert these more just to be heard. Reflecting back qualities or contributions you appreciate to individuals can also impact upon feeling seen and valued.
  • “Mirror” the language that people use to describe their identity. Epler emphasizes to listen and learn to how people describe themselves so you can use that language. Pay attention to how someone refers to their gender or pronouns. Don’t make assumptions about sexual orientation. If you don’t know how to say a name, ask and then, get it right.
  • Create openings for the underrepresented voices in the room. If someone is consistently quiet or not participating, check in on them, also as they may feel more comfortable to share ideas in another forum. Invite the less heard voices in the room to contribute on topics where you know they have value to add and encourage in confidence with your desire to hear it.
  • Give opportunities for visibility. When you receive an invitation to a networking opportunity, consider if you can bring an underrepresented individual along. When you have a speaking invitation, can you also use highlight an expert in your team and share the spotlight? For events you participate in, hold event organizers accountable for having diversity of representation. Refer and encourage underrepresented people to go for opportunities – help to close the confidence gap and mentor or sponsor them.
  • Acknowledge important moments – birthdays, milestones, holidays, anniversaries – which shows that you are paying attention to others and care. Overcome affinity bias by taking a genuine interest in people in your team who are less like you and in what their lives might be like outside of work.
  • Provide honest feedback, formal and informal, and both positive and constructive. Epler notes women tend to receive less quality feedback, and more on communication style than actionable developmental skills. While everyone needs to hear what they are doing well, make sure you are not shying away from giving constructive input to anyone out of discomfort, if it will serve their growth and development.

As Rowe says, micro-affirmations may often even be unconscious, too, as they just feel like caring. But you can actively create inclusion for others by intentionally affirming the value and contribution that we each bring to the table.

By Aimee Hansen

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Renee Connolly: Chief Diversity, Equity & Inclusion Officer, Merck KGaA, Darmstadt, Germany

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Renee Connolly“I am retrospectively conscious, but not retrospectively critical. I learn from the past, to move me forward,” says Renee Connolly, based in Massachusetts. “I am prospectively thoughtful that the decisions I make today have consequences: so do I have the right facts to make those decisions?”

Connolly talks to why language matters, going for greatness, learning from the past and having the right resources.

From Communications to DEI

Connolly spent her career facilitating understanding in healthcare-related communications, until last August: “For 25 years of my life, I helped to make complex science and life sciences simple and understandable, so people could better support their lives, families and needs.”

As a college senior, Connolly lost her mother (lifelong non- smoker) to lung cancer and was compelled to enter communications in the burgeoning pharmaceutical biotech and life science field.

“I thought to myself, if I could help people on a journey, similar to ours, to better navigate that maze of specialist talk and treatments, then that’s making a difference.”

In taking on her evolved executive role, she agreed to turn her part-time advocacy of DEI into a full-time opportunity to transfer her skills.

There’s still so much to understand in the deep rootedness of what it really means to help people feel they are heard, included, and really belong,” says Connolly. “Language matters and impacts people in different ways, and DEI is a lot about language and the use of words.”

Listening and Language Matters

Now in her DEI remit, Connolly is facilitating how people better understand each other. She collaborates with Merck KGaA, Darmstadt, Germany’s many stakeholders including advising senior leadership, partnering with recruiters, engaging with employees at all levels of the organization and importantly partnering with Employee Resource Groups (ERG’s), to tell their stories and amplify their voices. Working in this space internationally requires her to keep her “ears wide open.”

“It creates constant awareness to be truly open-minded and to not put on blinders, to not put defenders up, and to really listen, wholeheartedly,” she says. “We’re creating an environment where people feel they belong and are nurtured and where we are nourishing our business for top-line growth.”

Connolly notes that her role requires emotional, mental and physical muscles every day – leading with empathy. She feels like the right person in this critical moment for our company and communities, with the right balance of skills and experience to take DEI to the next level for her organization.

Going For Greatness

“The world could be imploding around me, and I have a mantra of ‘It will be great’ or ‘I stand in a place of believing in an outcome filled with ‘greatness’,” says Connolly. “It’s not just positive mindset. I actually believe that even if the journey to get there is full of hard lessons, I’m always looking for greatness.”

When told something is impossible, a discerning question she asks is: “It couldn’t be done? It shouldn’t be done? Or it wouldn’t be done?” And depending on the answer, she may turn to how to make it possible.

The loss of her mom left Connolly with resilience. While she feels every scale of her emotions, she still tends to be a “glass half-full” person who considers herself fortunate and brings positive energy to those around her. She does what she says and says what she does, rallying her team when she commits to a vision.

“I’m a big believer that it’s the team, not the individual, that drives success. It is the collective good of many,” she says. “I love DEI because it drives progress when we realize – in some way, shape, or form – that we’re more alike than we are different.”

That emphasis on “team” has been instilled throughout her life from playing many organized sports. Connolly was a college athlete, and her entire family (including her three teenage sons and her 8 year old daughter) is athletic. She loves observing the parallels between business and individual and team sports. That spirit of healthy competition has gifted her great skillsets as well as a deep appreciation for excelling and accelerating her own growth.

There are many “dominoes” in teamwork that make you have a successful win or loss. In business, Connolly applies this and has come to find that “there’s a wisdom in knowing what you don’t know” and you don’t have to be the smartest person in the room.

“Earlier in my career, I thought I had to be the one with the voice. Now, I realize what I have to do is give or encourage or support the voices that have the information required, not always be the voice,” she says. “That’s the muscle you develop with maturity and by realizing the amazing contributions that many voices bring to a conversation. That’s the muscle you develop when you embrace the diversity of thinking in a team to drive forward.“

Retrospectively Conscious, Not Retrospectively Critical

Cultivating patience for herself and others is perhaps a skill Connolly built up by raising four children, as this year she has one in elementary, one in middle, one in high school and one in college. Talk about patience. Each age, experience and interaction requires you to be patient and that has mattered for Connolly as a leader.

“In a field like DEI, you see so much potential right away. But it’s necessary to have the patience to realize there are steps to get there, and you have to do those steps well. You can’t run before you walk,” she says. “Patience is not weakness, as I may have seen it before. It’s a virtue of understanding that you must work towards goals in a methodical way to make sure that you’re iterative enough to get the best possible outcome.”

Aware that she makes her own decision based on current knowledge—and that there will always be more to learn, Connolly tends to not focus on criticizing how past decisions were made, hers or others: “I try to learn from the past, but focus forward. Especially now, every day brings new circumstances and we use our best judgement, and most of us have positive intent.”

This makes her retrospectively conscious, not retrospectively critical, as she puts it – focusing on her responsibility today.

Why You Don’t Need “More”

When Connolly was leveling up from doing to managing others, she used to say she needed “more” to get it all done, but one of her mentors changed her entire frame of thinking: “Your problem is not getting more people or more money or more resources,” he told her. “It’s getting the right people, the right money, the right resources.”

Other words she lives by as a communications professional is to treat every opportunity like opening night: “It doesn’t matter how little or big the engagement is, respect and know your audience. Realize that people are spending time to listen or talk to you so make sure your message lands.”

She values the advice to be true to your purpose: “When you’re often counseling senior leaders, do you want to tell them what they want to hear? Or do you want to be true to yourself?” While a job may require different approaches at different times, it’s important to keep a purposeful essence in how one approaches everything (for her, a spirit of greatness and creativity).

Guiding Others and Serving a Mission

Mentoring young talent fulfills her soul. It reminds her of her younger self, looking for guidance after losing her mother. She loves instilling in young women to have the confidence that they can do more than they thought possible. As a mission-centered person, she sits on several boards, from the Massachusetts Conference for Women to the Home for Little Wanderers (child welfare to American Cancer Society (New England). One of her most prized awards was entitled: “Service above Self”—it is this she uses to guide her commitment to share her talents, treasure and time to help those who are in most need.

She emphasizes the importance of having fun. At her best moments in her journey, she was enjoying the work, serving a mission, or making something better.

By Aimee Hansen

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Inclusion: One Destination, Many Intersectional Paths?

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Over 2/3 of companies say that DEI work is critical, and the conversation these days centers on fostering cultures of inclusion to support the diversity of workplaces we need to have, do have and will have – if organizations are optimizing potential. Organizations are increasingly aware that “diversity without inclusion is exclusion.”

According to a new Bain report from a survey of 10,000 people (4,500 women) in seven countries entitled “The Fabric of Belonging: How to Weave an Inclusive Culture,” most people agree on what inclusion looks and feels like, but what actually creates the outcome of feeling fully included is more complicated – not only to organizations, but also to individuals, themselves.

Inclusion is Nearly Universally Defined, But Rare?

We all want to belong, but how we get there, together, can feel enigmatic and the solution is far from a one-size-fits-all approach. People, regardless of individual identities, levels and experiences – describe what inclusion feels like and what it looks like in very similar, nearly universal ways.

When it comes to what inclusion feels like, the researchers define inclusion as: “the feeling of belonging in your organization and team, feeling treated with dignity as an individual, and feeling encouraged to fully participate and bring your uniqueness to work every day.” When it comes to what it looks like, people to tend to come together on the notion that an inclusive organization is diverse and where people are heard, valued and supported. Other research has shown that we feel inclusion only when our needs for both uniqueness and belongingness are met.

While people hold a universal ideal of what inclusion means to them, one of the most “stark” takeaways Bain asserts is that the majority of employees – regardless of race, gender, or sexual orientation – do not feel fully included (less than 30%), including those we tend to regard as most favored by the system and in positions of influence and power (straight white men). And no one demographic indicator can predict who feels excluded.

However, as Bain points out, “Even though the feeling of inclusion is fundamentally the same across groups, our research shows that the lived experience of inclusion is driven for various groups by a diverse variety of factors.”

To add some grounding, too, another perspective is that inclusion is really a net effect of day-to-day interactions, and individuals in particular groups experience acts and outcomes of exclusion far more frequently than individuals in other groups. In Forbes, Gaudino writes that “inclusion is invisible to those who enjoy it, because inclusion reflects the absence of negative incidents that make one feel excluded.”

Among the many examples we could draw on, McKinsey notes that black employees are 23% less likely to see there is support to advance and 41% less likely to view the promotion process as fair. Or consider that 59% of black women reported never having a casual interaction with a senior leader, versus 40% for all men and 49% for all women. Or that Asian American women have been the least likely group to experience being promoted to management.

If the experience of feeling “fully included” is pretty low in general, the evidence of exclusion is still highly punctuated for individuals in particular groups.

Feeling Included Matters For Individuals and Organizations

Amidst The Great Resignation, the feeling of inclusion is important to retention. Women who feel excluded at work are 3 times more likely to quit. Employees experiencing low inclusion are up to six times more likely to actively pursue new jobs compared with those in similar demographics experiencing high inclusion.

On the flip side, Bain found that approximately 65% of people across identity groups view an inclusive environment as “very important when considering new roles.” Employees who do feel fully included are much more likely to promote positive word of mouth about their organization. People in more inclusive environments, where psychologically safety is present, are more likely to innovate, challenge the status quo, and bring new ideas to the table. Bain argues the gains in creative thinking from inclusiveness are much greater than increasing diversity alone.

Just What Creates Inclusion?

Not surprisingly, the researchers found people hold different deep-seated notions on what creates inclusion, and those beliefs can clash in ways that create strong discomfort.

What is even more critical is that individual’s perceived notions of which “behavioral” and “systemic changes” would create more inclusion do not always match up to what actually drives impact or the experience of inclusion, so leaders are advised to “listen first for problem identification, not solution design.”

As an example, black women’s perception of how certain enablers are important to their sense of inclusion matched up 55% of the time – high perceived enablers corresponded to actual high impact on their sense of inclusion and same with low perceived enablers. But enablers such as “open and honest communication” and “coaching and professional development” were undervalued in perception, relative to how highly they were attributed to feeling a sense of inclusion for black women. And enablers such as “engagement check-ins” and “team feedback sessions” were overrated in perception relative to how attributed they were to feeling a sense of inclusion.

In inclusive cultures, people feel able to be authentic and supported to fulfill their potential, and Bain found that a common denominator of inclusion for everyone is opportunities for professional development and growth – in which there is much room for more equitable access to opportunities – and where employers can focus effectively.

When it comes to what individuals truly need, or different demographic groups, Bain emphasizes a data-informed intersectional approach that incorporates geography, demographics, and seniority to understand how to identify the systemic and behavioral enablers that can increase a sense of inclusion.

Other research has also indicated that inclusive leadership is fundamental, as Bourke and Titus point out: “what leaders say and do makes up to a 70% difference as to whether an individual reports feeling included.” They found the most important factors in cultivating a culture of inclusion are leadership commitment and demonstrating a visible awareness of the bias within oneself and the organization.

Ultimately, everyone wants to feel a sense of both authenticity and belonging and like they have access to the opportunity to thrive and fulfill their potential. People look to see if leadership is listening to this, and whether they are committed not only to the cause, but to understanding the real needs of their people.

By Aimee Hansen

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Will Companies Value the Leaders Who Invest In Inclusion?

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DEI leadersWhile women report being both increasingly burned out from the pandemic years and vulnerable to leave the workforce, they are also most likely to be rising up to embody the leadership our times ask for.

Will companies begin to put their money (financial and career trajectory rewards) where their mouths are? If not, allowing women to disproportionally shoulder the “unpaid work” of empathetic management and DEI is a strategy for losing the leaders who are tapped in and more valuable than ever.

Our Times Call for Compassionate Leadership

Amidst the pandemic, leadership has become more oriented towards supporting individuals as a whole person, not just as employees, with qualities such as emotional intelligence and active listening. As written in Forbes: “One of the key lessons young people can take from today’s successful executives and leaders is the value of taking care of your people.”

According to Catalyst, employees who report their leaders are empathetic are far more likely to feel engaged, respected and valued, are more likely to stay in their place of work, be innovative and feel a sense of inclusion. When people sense their leaders are empathetic, they also feel more able to navigate the demands of work and family life.

People who see their leadership as empathetic in decision making are also likely to be collaborative and empathetic themselves. And when leaders are more empathetic, it fosters better levels of mental health in their organization. Using empathy as the catalyst for leading with more compassion (not ‘I feel with you’ but ‘I am here to help,’ as we are inherently interconnected) creates even more effective leadership.

As Tracy Bower, Ph.D. sociologist and the author of The Secrets to Happiness at Work, writes in Forbes, “Leaders don’t have to be experts in mental health in order to demonstrate they care and are paying attention. It’s enough to check in, ask questions and take cues from the employee about how much they want to share” – and this drives positive relationships, engagement and organizational results.

Women Are Leading The Deep Cultural Work

According to the Women in the Workplace 2021 Report – a collaboration between McKinsey & Company and LeanIn.org collected from over 423 organizations and 65,000 employee surveys – women are more likely to be carrying the torch of the “deep cultural work” necessary to transform workplaces “healthily and sustainably” in these times.

Women managers are consistently more likely to be supporting employees in their work lives (making the workload manageable, navigating work/life challenges, preventing and managing burnout). Women are also much more likely to be checking in on employee’s overall well-being and supporting them emotionally. In essence, employees are reporting that their female managers are showing up more with the active compassion of ‘how can I help?’

Also, women are more likely to be doing informal DEI work, beyond formal job responsibilities, and spending substantial time doing so. Compared to their male peers, senior female leaders are twice as likely to be making DEI work a part of their weekly work flow (1 in 5 vs 1 in 10). Women are also likely to recruit from and support underrepresented groups, be allies to women of color, to educate themselves, to speak out again discrimination, and to advocate for, mentor or sponsor women of color – although it’s important to note there are still big gaps to bridge in embodying the allies people would most value.

Ultimately, the work women are doing is driving better outcomes for everyone – because employees who feel their managers support their well-being, or who feel DEI is a priority and strong allies are present, are significantly happier, less burned out and more likely to stay around.

Women Are Stepping Up, And Burning Out

Yet while women managers and leaders are heeding the leadership call of our times, they are also undeniably overburdened themselves, with many not only carrying the double-shift of childcare and work, but also feeling the expectation to be “always on” in the absence of clear work/life boundaries in the remote and hybrid workplaces – another issue companies can help to address.

In 2021, 1 in 3 women were thinking about downshifting their careers or leaving the workforce, up from 1 in 4 women a few months into the pandemic in 2020. 4 in 10 women were looking to leave their company or switch jobs. 42% of women felt often or almost always burned out in 2021, a big jump up from 32% in 2020, and compared to 35% of men. That burnout feeling escalates with responsibility level. Among senior women who are managing entire teams, 50% were often or always burned out, and 40% were considering leaving the workforce or downshifting their careers.

Valued in Words, But Not In Actions

Companies are espousing that DEI and employee well-being are important to them. But while 87% of companies say that supporting employee well-being is critical and 70% say DEI work is critical, only about 25% are formally recognizing this work – and even fewer are rewarding it.

Despite stating gender and racial diversity as top priorities, only two-thirds of companies hold senior leaders accountable for progress on DEI goals, and less than one-third hold managers accountable, who are essential to creating cultures of inclusion. Among those who hold senior leaders accountable, fewer than half factor progress on diversity metrics into their performance reviews and less than a quarter build in financial incentives for progress on performance goals – meaning ultimately, the work is overlooked.

Right now, these highly sought leadership behaviors are adding up to be the new “unpaid work” highlighting where companies need to put more value. That women are disproportionally carrying this is a dangerous liability for employers during the Great Resignation. According to the report authors, “Companies risk losing the very leaders they need right now, and it’s hard to imagine organizations navigating the pandemic and building inclusive workplaces if this work isn’t truly prioritized.”

The authors urge organizations to treat DEI like any business priority, including following goals through to assessing effort and progress within performance reviews, and relating that to career advancement and compensation.

It’s Time to Recognize and Reward The Work

Right now, women are feeling burned out while taking personal leadership initiative on collective responsibilities. Companies are sabotaging progress on what they allege to be business priorities by not threading that priority through to enacting accountability, monitoring results and rewarding effectiveness.

“Companies need to incentivize and reward the things that women are doing to create these better working cultures,” says Jess Huang, co-author of the report. “This helps all employees because if it’s rewarded, more leaders will do it.”

Going further, she suggests: ”One solution companies should consider is incorporating criteria into performance reviews that recognizes the work managers are putting into supporting their teams and DEI efforts. Companies should use upward feedback provided by employees on their managers to help take this into account.”

It’s not enough to talk about valuing DEI and supporting the well-being of your employees. More companies need to demonstrate they value the work it takes to make it happen – to retain the leaders that are doing that work.

By Aimee Hansen

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Pamela Peace: Principal & North America Client Management, PGIM Fixed Income

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Pamela Peace“The world is different now and leadership looks different,” says Pamela Peace, “Today anyone at any level should be afforded a trusted space to have a dialogue with their manager about the support needed to be successful.”

Peace talks about the values she holds dear, lessons learned throughout her career and how she has developed as a leader in ways that feel true to her goals, ambitions, and most importantly authentic to who she is as a person.

As a Senior Client Manager for PGIM Fixed Income, Pamela recently expanded her role as a leader within the organization, taking on responsibilities as lead manager for PGIM Fixed Income’s North America Client Management team: a role which she notes is intentionally focused on creating valuable partnerships for clients and opportunities for teammates in Fixed Income to deliver excellence in client relations.

Pamela reflects on driving change and rising above dissenting voices. “It is vital to perform well at our core duties to be viewed as credible and effective. What makes an individual a true leader? One who motivates and inspires others to perform well at their core duties, has the courage to push for change, and holds the unique ability to cultivate diverse perspectives.”

Her perspectives as Co-Chair of PGIM Fixed Income’s Culture Council highlight her commitment to amplify the organization’s cultural values.

Values She Holds Dear: Diversity of Perspectives

Having worked in fixed income and asset management for over twenty-five years, and with PGIM Fixed Income for the past seven years serving international clients in several regions of the world, Peace thrives on interacting with a range of people and cultures, from language to food. Even more, she loves experiencing the diversity of perspectives that come forth, and she learns broadly from every interaction in her job.

“We are a global organization. When we think about different investment strategies, we must consider every aspect of the world. We must take in various inputs – we must look at the world holistically, make decisions based on our analysis, clients’ expectations, what the markets are doing, geopolitical climate, regulatory, etc. These are just a few of many inputs that go into framing our decisions,” she reflects. “As a Client Manager, for a global asset management firm, I bring a wider awareness into everything I do. I believe it is core to my job and how I live in a global society.”

Peace is motivated by watching the people she leads develop uniquely in their skillsets and the legacy her commitment to talent will leave. “I’m so excited to see how the PGIM Fixed Income North America client managers, which consist of different generations, experiences, and cultures, are going to come together to bring forward new ideas for client engagement,” she says. “Our team embraces the view, ‘we can do hard things for our clients’, and if we believe we can do hard things together, that means we’re all thinking and bringing in ideas, and that’s going to be an exciting adventure.”

Lessons Learned: The Values of Humility, Constant Learning and Service

On advice for those developing their talents, she is open about her own path of development, “Trust me, I have made a lot of mistakes where I have had to say, that was not a good decision. Now, how can I actually take that and learn from it?” says Peace. “Humility allows me to understand where I am in my learning journey and acquiring more knowledge has been something I’ve had to own and develop personally.”

In her very first job at a naval base, she worked under an educator, who was a computer scientist, who imparted upon Peace that she could learn anything once you accept your ability to learn it. That woman, she noted, looked like her. Long before that, her mother, who raised eight children spanning twenty-two years as a single mom after becoming widowed, showed her the merits of hard work.

Combining those influences, Peace is a self-confessed constant learner who takes night courses to stay abreast on new topics in management and leadership. She’s presently taking courses to continue to improve on being an effective leader, as well as pondering the EMBA journey. Early on in her career, she learned there was value to admitting what you don’t know and being receptive to educational opportunities was essential – and that has stayed with her.

“I think vulnerability was important to getting me to this level in my career at PGIM, “she notes. “Also, having grace, humility, determination, and the curiosity to learn at any point in life are key attributes everyone should channel.”

She would add that being in service of others is a core value that has carried her through work and life: “My job is to serve others, and I wake each day reminding myself of that fact. In my job it is – PGIM’s clients first, the people working alongside me and those that I’m responsible for.”

In her personal time, she volunteers with aged people in underserviced areas and learns deep lessons from the elders she serves.

Lessons Learned: Leading as a Partner in Growth

A few years back, Peace had the experience of leading the London team and realized a lot about adjusting her communication and leadership style. Through that experience, she recognized the value of “meeting individuals where they are” to take them where you see they can go. This required adjusting her approach as a leader. When it comes to supporting her team now, Peace seeks to collaborate with those she leads on their development goals.

“The discussions I have with the individuals that work with me directly are very much: I am your advocate. I am your support. Let’s talk about what you need and where I think you need to grow. Then we’ll work together,” she says. “It’s an intellectual dialogue about development and being a partner and advocate in the space. It’s more of a leadership of equals as opposed to that of a hierarchy. Let’s come along as a partnership, and we’ll both get there and grow together.”

Every year in the annual reviews, Peace asks her direct reports to tell her one thing they want to learn or develop during that year, and she helps make that happen.

“They are accountable and feel as though they have ownership of their careers and development,” says Peace. “I’m there as a guide, support, and bumper when needed. That’s a valuable leadership skill that has worked for me.”

Not only does she see her own role as being supportive, but at this stage in her journey, Peace sees it as important to communicate to her own bosses what support she is going to need from them to be successful. Having the direct conversation cemented their willingness to commit that support.

“It’s important to be able to trust and communicate to your leaders: here’s what I need from you and what I need you to help me with,” she says. “That has made the difference for me in my career. And that is not wisdom that one must wait until they are well into their careers to acquire anymore. Remember, what I said at the outset of this interview, the world is different now, and leadership looks different.”

Both parties must agree and hold each other accountable but creating the space to have the conversation matters: “I know, it is a hard thing for some people to understand and accept – I must trust you enough to say, here’s what I’m looking for and here’s what I need. As managers, we must work to create the space for trust, and be ready to receive and act on the needs request.”

Developing as a Leader: Promoting Inclusion and Inspiring Women

Peace wants her team members to feel she brings positivity, openness, inclusivity, and a space of trust, where they can bring their best talents forward.

Inviting inclusion daily might mean giving people, who do not always get the opportunity to speak up on a call, a direct invitation to share their opinion or to lead a discussion. It is also being interested in her team as individuals outside of work. As Co-Chair of the PGIM Fixed Income Culture Council, she’s responsible for executing the values of the organization and creating a safe and inclusive environment built on collegiality, trust, and an unwavering commitment to clients among other positive attributes.

“Part of my responsibility, as a Co-Chair, is to model those values,” says Peace, “which includes bringing together our differences. Valuing people with different backgrounds and different skills to create diversity of thought to execute our mission, which often involves making a lot of subtle connections.”

Going back to her early career before PGIM, Peace lived the experiences, as a black woman, of being the “background individual,” there but not getting the opportunities, not receiving the speaking role, being trivialized. “Having had these experiences, I can say to young women who are coming into their careers, including my own daughter, you don’t have to take it. You do not have to shrink to the biases or comments that make you feel less than – change the norm and the direction of conversation,” she states. “Challenge the behavior appropriately – Ask the question, what does that really mean? Express when you’re offended and why, be prepared to have the conversation, receive the apology and extend grace if appropriate.”

She notes that she usually gives the benefit of the doubt and in most cases, believes there is value in having the hard conversations, because those questions often expose blind spots and lead to achieving a wider, more compassionate understanding of other’s lived experiences.

Developing as a Leader: Embracing Who You Are as a Person and Professional

Taking up distance running after age 40, Peace has completed four marathons and several half-marathons, and considers running outdoors to be spiritual.

Growing up in the middle of eight children gave her early life lessons in responsibility, navigating different personalities, taking care of each other, collaborating and valuing family – including her husband, adult son, and daughter.

She’s animated by new food, great wine with friends, the house she and her husband are remodeling, and she loves to dance. Peace recently cherished a holiday moment of karaoke and dancing with her daughter for the first time since her daughter was a child: “She is definitely smarter and has more rhythm, and that’s okay with me.”

It’s Pamela Peace’s lived experiences both inside and outside of work that define her as a leader and more precisely as someone who motivates and inspires those around her each day in service of PGIM’s clients.

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Geline Midouin: Chief People Officer, Shearman & Sterling LLP

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“As you arrive to a real senior level, you will start to understand that people are going to have a hard time disagreeing with you. They tend to give you filtered information,” advises Geline Midouin. “If you know that, you can be much more deliberate and intentional in terms of how you ask questions, to make sure that you’re getting the real story and understanding different perspectives.”

While energetically pacing at her standing desk, where she prefers to work in the mornings, Midouin talks to valuable lessons she’s learned at entry, mid-level and executive level positions in her journey – and the excitement of sitting in a people-oriented seat amidst the talent and inclusion challenges of today.

Joy of Purpose

Born in Haiti, Midouin came to the U.S. at three years old. Her Caribbean family consisted of doctors, nurses and medical professionals, so when Midouin shared she was going to pursue a liberal arts bachelor’s degree in psychology, her mother asked her how she was going to eat. Her family believed getting an education was about job security and thought obtaining a non-tangible degree wouldn’t help.

With a master’s in Organizational Behavior from Teachers College at Columbia University and having held several leadership positions across industries in the field of people and talent – from consulting to broadcast media to healthcare advertising to big law – Midouin feels inherent joy in how she approaches her work.

“I have a sense of purpose in really helping people to bring out the best in themselves to serve the greater good, whether it’s business, our clients or our community,” she says. “I’m motivated by purpose and doing something beyond myself to create a legacy.”

Midouin has always been curious by what motivates people and why they do things – and she loves driving impact and innovation, which catalyzed her move into Big Law a year ago with Shearman & Sterling, in the new post of Chief People Officer. In this position, she’s charged with having an umbrella oversight and influence on all people-related functions at the firm.

An avid reader, she is a curious thinker who draws inspiration from many places to look at issues from different lenses. She emphasizes that in today’s shifting world, it’s important to stay curious: “I ask a lot of questions. I don’t want to hear ‘I can’t’ from my team, but rather I want us to ask, ‘well, why can’t we?’”

“We’re moving away from managing structures and instead focusing on helping people manage their expertise and their careers, so they grow both personally and professionally,” says Midouin. “How can we not just provide information, but actually engage people and then measure the things we’re doing in terms of impact, so we can prioritize?”

Part of Midouin’s mission is to continue to thread diversity and inclusion through the firm’s culture: “Like the head of the orchestra, you’re able to see how things work from a more holistic view. That becomes a secret sauce in working in a more inclusive way,” she says. “You have to integrate inclusion through recruitment and professional development, so having it under one umbrella enables me to bring the key people to the table to have the right conversations and access to resources, to work in a more cohesive manner and make changes that move the needle.”

Early On: The Confidence To Speak and Go For It

Having been the only woman and/or person of color in the room often, Midouin has learned to not be intimidated by the perception from the room that she speaks for all black women or people of color (which she notes is impossible as not all individuals of any group think the same).

“I’m one person with one point of view. So I’ve had to make sure, whether I’m the only woman or only person of color, that I’m comfortable with myself so that I can share my authentic voice,” says Midouin. “You don’t want to waste that opportunity to speak, and you also want to make sure that you share a point of view that reflects authentically who you are.”

Midouin calls her confidence to speak up a learned behavior, as very early in her career she had a critical moment where she diminished her own voice. Two weeks into a new company as a junior employee, she walked into a meeting and the CEO asked what she thought. Taken aback, she caveated her response because she was new, and he replied that he asked her because he wanted a fresh perspective.

“I never did that again because I was questioning my right to give an opinion,” she reflects. “If you’re in a meeting, you’ve earned your right to be there. People are bringing you there for a reason and they want to know your opinion. And people may disagree with you too, and that’s okay, as that’s part of what gets you to a variety of views at the table.”

Noting that we often learn the most through mistakes, Midouin also recalls hesitating to go for a position because she lacked a couple of the qualifications, while watching a male colleague who possessed only a couple of them go for it. When her manager pushed her to apply, she got the position. She now realizes the “confidence gap” was at play for her.

“After I got the position, they told me it wasn’t necessarily about what I knew. It was that I asked the right questions and showed that I’d be able to figure it out,” she recalls. “Sometimes we talk ourselves out of a risk or putting ourselves out there, because we feel like we’re not good enough or that we have to be overqualified. I really encourage people to have the confidence to push themselves and take more calculated risks.”

Mid-Level: Managing People Who Are Different To You

Another key learning moment in Midouin’s earlier career was shifting from an individual contributor to a manager. The transition from being measured for your individual results to your ability to motivate the team was a wake-up call for her when a 360-degree performance review arrived: “The people who were on my team that thought more like me, loved me and my style, but the feedback from the people who were not like me was very different.”

Midouin learned that she had to pay attention to individuals and adjust her management style depending on what they needed. While she is a problem-solver who can deal with ambiguity, bring chaos to order and prefers not to be micro-managed, she realized others need structure, a more methodical agenda and more “touching base” time to flourish.

“People tend to begin by managing people how they like to be managed. You have to learn to be thoughtful and intentional about managing people that are not like you,” says Midouin. “And then, it’s not only making sure you’re hiring varied people of different styles, but also asking yourself if you are catering to all types of styles that you have on your team. Or, are the only people that are excelling, the people who are just like you?”

Executive Level: Leading with Self-Awareness

When it comes to success in the C-suite, Midouin emphasizes the value of self-awareness – including knowing what you’re good at, not good at and surrounding yourself with a team complementary to your skills.

Midouin also notes how critical it is to not surround yourself with people that only validate your viewpoint, but rather those who have the courage to disagree and give an authentic view. One time she said something intentionally ridiculous, observing that people try to be agreeable to senior figures. After no one disagreed with her, she gently chided her team with “come on.”

“I will purposely invite my team to play devil’s advocate and give me a contrary point of view, because that’s what you need in an organization. Let’s argue the opposite point of view – the one we’re not looking at,” she says. “If you’re in a team where you’re not getting dissenting points of view, you should be worried because you’ve probably hired too many people just like you and you’re looking at things in a one-dimensional way. If that is happening, ask yourself if you are creating a safe space where all people can really share their point of view, or do you need to help pull out some of the less expressed views?”

Motivating in Today’s Context

In these times when inclusion is in demand, and the Great Resignation has led to talent wars, it’s a unique moment to be in Midouin’s seat, with an increasing focus on retention and reducing turnover.

“The biggest difference is about motivation – historically you’ve competed against other organizations and now you’re competing against ideology and alternate careers and lifestyles and priorities. Because of the pandemic, people are rethinking what place work should have in their lives. Then you have generational shifts too,” she says. “Now we have to think about how to attract and retain a workforce that wants something different. What is that difference? How does that fit with your employee value proposition? And how do you shift that?”

As one example of alternative approaches, Midouin notes how Shearman & Sterling is leveraging its alumni as recruitment ambassadors, as research shows that when you hire people through a referral, they tend to stay longer than other types of hiring. Therefore, the recruitment strategy is already incorporating a consideration of retention. In addition to a direct payment, alumni also have the opportunity to gift their referral to one of a dozen charities.

Giving Back Where It’s Needed

Midouin’s family passion is tennis. In order to teach her youngest son, who is on the autism spectrum, tennis, she and her husband were driving 1.5 hours to Queens, NY to have him participate in Aceing Autism, a program that uses the Applied Behavior Analysis (ABA) method to teach tennis to children on the spectrum. When Midouin discovered that New Jersey, where she lives, had the highest per capita representation of autism, she and her husband introduced a six-week clinic through the tennis club in their local community, which they run twice per year. Midouin is also on the board of directors for MJHS, one of the largest not-for-profit health systems in the region.

“It’s about impact, and how do you leave the world a better place?” she says. “Finding a way to give back is actually more pleasurable for me.”

By Aimee Hansen

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