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Home Blog Page 4215

Making a Compelling Case for Diversity and Inclusiveness in Corporate Management

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The essence of diversity and multidimensional approach to problem solving cannot be overemphasized. In corporate management, having a heterogeneous team that draws its strength across different social categorizations including gender, culture, religion, class or race is highly desired to have a well rounded perspective and develop solution that can significantly impact lives.

It is therefore not surprising that some companies have begun to look beyond competency and personality-based test to include diversity and inclusion tests in their recruitment process, especially when selecting their strategic leaders. It is believed that an organisation with an inclusive management structure is able to better organise and direct its mixed human resources for greater efficiency.

What is Inclusive Leadership and why is it important for organizational growth?

Juliet Bourke, a Professor at the School of Management and Governance, UNSW Business School and Andrea Titus, Human Capital Consultant at Deloitte Australia and scholar at Macque University make a case for inclusive leadership for organisational growth in their article, ‘’Why inclusive leaders are good for organisations, and how to become one’’, published on the Harvard Business Review’s site.

The authors define Inclusive leadership as a type of leadership that assures that team members feel they are treated respectfully and fairly, are valued and sense they belong, and are confident and inspired.

‘’Companies increasingly rely on diverse multidisciplinary teams that combine the collective capabilities of women and men, people of different cultural heritage, and younger and older workers. But simply throwing a mix of people together doesn’t guarantee high performance; it requires inclusive leadership’’ the authors note.

The researchers report that inclusive leadership directly enhances performance;
“team with inclusive leaders are 17 percent more likely to report that they are high performing; 20 percent more likely to say they make high-quality decisions and 29 percent more likely to report behaving collaboratively”.

They also found that a 10 percent improvement in perception of inclusion increases work attendance by almost 1 day a year per employee, reducing the cost of absenteeism.

Drawing from both secondary and primary sources which include academic literature on leadership and a survey of over 4,100 employees on their perception of inclusion supported with an interview of some leaders perceived as inclusive by their followers respectively, the researchers identified the six characteristics of an inclusive leader as follows:

  1. They are visibly committed to promoting diversity and challenging the status quo
  2. They avoid hubris by exhibiting open-mindedness and modest behaviours towards their subordinates and colleagues.
  3. They show empathy through curious sense of concern and deep connection for their followers
  4. They have high-level of cultural intelligence which enables them to adapt and easily get along with others
  5. They seek and promote effective collaboration at the work place
  6. They avoid heuristics and bias through critical thinking and promoting meritocracy.

Authors suggest three action points that leaders should implement in their journey to promote diversity and inclusiveness. These include:

  1. Being visible and vocal in their campaign and advocacy for inclusiveness and diversity.
  2. Deliberately seeking out the opportunities to implement their philosophies at social functions and work-related environments
  3. Constantly checking their impacts on people.

UCH School of Nursing to Commence Awarding of Degrees to Students

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The University College Hospital (UCH)’s School of Nursing, Ibadan sets to award degrees to students as an affiliate of the College of Medicine, University of Ibadan.

This was made known in a pubic announcement made on Saturday by the UCH Public Relations Officer, Funmi Adetuyibi.

The announcement reads as thus; ‘’The University College Hospital, Ibadan wishes to announce to the general public a giant stride it has achieved at its school of Nursing. The school will now commence the awarding of degrees as it is now affiliated to the College of Medicine, University of Ibadan, and admission into the school’s program will be through the UTME.’’

The former Vice Chancellor of the University of Ibadan, Professor Abel Idowu Olayinka, who reacted to the Public announcement posted on the UCH’s official Facebook page said ‘’the school of nursing at UCH Ibadan has a very rich tradition of excellence. This is another feather added to the cap.”

Stripe And Affirm Deepen Partnership, Roll Out Adaptive Checkout Payment Plan to Canadian Users

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Financial services company Stripe has deepened its partnership with Affirm, a financial technology services company providing installment loans to consumers at the point of sale, to enable Affirm’s Adaptive checkout payment feature available to eligible Canadian Stripe users.

Affirm’s adaptive checkout feature will allow merchants and platforms to add the pay-over-time option to their checkout experience in minutes.

Speaking on the recent partnership, product lead for payment methods at Stripe Sophie Sakellariadis said the partnership will help Canadian businesses scale and adapt to consumers’ evolving preferences.

In her words, “Stripe has been powering Canadian businesses since 2012 and our work with Affirm will help them continue to scale and adapt to changing consumer preferences. By adopting Affirm, we’ve seen Stripe users boost their average order value with flexible payment plans”.

Reports reveal that businesses on Stripe that adopted Affirm have seen an average 41% higher average order value with Affirm versus existing payment methods.

Also commenting on the recent partnership is the Chief Revenue Officer of Affirm Wayne Pommen who said, “Since launching in the U.S with Stripe, we have helped many businesses better serve their customers and drive growth by providing transparent and flexible payment options. We are excited to expand our partnership and strengthen our position as one of the leading providers in Canada. By providing consumers with greater choice to select the custom payment plan that is right for them, Adaptive Checkout has been proven to increase sales and conversion, and is now available to Stripe’s Canadian users”.

Adaptive Checkout provides a wider array of personalized payment options for each transaction, including four interest-free biweekly payments, monthly payments, or both. Merchants with early access have seen an average incremental 26% increase in conversion.

Stripe joins over 240,000 merchants and platforms offering Affirm’s flexible and transparent payment options, including integrated partnerships in Canada with Samsung, Apple, Browns Shoes, and Hudson’s Bay. Offering affirm at checkout can drive overall sales, increase average order value, and increase customer repurchase.

Affirm’s mission is to deliver honest financial products that improve the lives of users. The company was founded with the goal to create honest financial products and services that empower consumers and improve lives. It aims to revolutionize the banking industry to be more accountable and accessible to consumers.

Affirm currently provides shoppers an alternative to traditional credit cards at the point of sale, giving them the flexibility to buy now and make simple monthly payments for their purchases. Unlike payment options that have compounding interest and unexpected costs, Affirm shows customers upfront exactly what they’ll pay each month with no hidden fees and no surprises.

Affirm partners with over 2,000 merchants to give shoppers the option to pay with Affirm at checkout including well-known brands across retail including home furnishings, travel, personal fitness, electronics, apparel and beauty, and more.

Top Generative AI Tools, ChatGPT Alternatives to Complete Hours of Work in Just Seconds

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These are the ChatGPT alternatives in categories as compiled here.

Coding
Copilot – Your smart coding assistant: https://lnkd.in/dzekWja7
Tabnine – Code completion made easy: https://www.tabnine.com
MutableAI – Streamline software development: https://mutable.ai
Safurai – Secure and fast code reviews: https://www.safurai.com
10Web – Automate website building: https://lnkd.in/d22pd829

Resume Builders
Kickresume – Build standout resumes: https://www.kickresume.com
ReziAI – Optimize your resume with AI: https://www.rezi.ai
ResumeAI – Create impressive resumes: https://www.resumai.com
EnhanceCV – Design eye-catching CVs: https://enhancv.com

Writing
ChatSonic – Your text-based AI sidekick: https://lnkd.in/dbKtMMaE
ChatABC – Simplify your writing process: https://chatabc.ai
JasperAI – Craft engaging content effortlessly: https://www.jasper.ai
Quillbot – Rewrite and enhance your text: https://quillbot.com

Research
Paperpal – Optimize academic research: https://paperpal.com
Perplexity – Enhance your research projects: https://www.perplexity.ai
YouChat – Chatbots for research support: https://lnkd.in/d5urTnEu
Elicit – Research made interactive: https://elicit.org

Twitter
Tweetmonk – Boost your Twitter presence: https://tweetmonk.com
Tribescaler – Grow your Twitter audience: https://tribescaler.com
Postwise – AI-powered tweet scheduling: https://postwise.ai
TweetLify – Automate your Twitter game: https://www.tweetlify.co

Productivity
Synthesia – Create AI-generated videos: https://www.synthesia.io
Otter – Transcribe conversations with ease: https://otter.ai
Bardeen – Automate your workflows: https://www.bardeen.ai
CopyAI – Amplify your productivity: https://lnkd.in/dBNHJg2U

Content Creation
WriteSonic – Unleash your creativity: https://lnkd.in/dbKtMMaE
Tome – Interactive content made simple: https://beta.tome.app
CopySmith – Craft compelling content: https://app.copysmith.ai
TextBlaze – Speed up your writing: https://blaze.today

Presentations
BeautifulAI – Stunning presentations made easy: https://www.beautiful.ai
Simplified – Design presentations like a pro: https://simplified.com
Slidesgo – Access hundreds of presentation templates: https://slidesgo.com
Sendsteps – Interactive presentations at your fingertips: https://lnkd.in/d2bJi-h3

Audio
MurfAI – Transform text to speech: https://murf.ai
Speechify – Listen to any text, anytime: https://speechify.com
LovoAI – Generate realistic voiceovers: https://lovo.ai
MediaAI – Revolutionize your audio experience: https://www.ai-media.tv

Source

Nigeria’s Inflation Rate Rose to 22.04% in March – NBS

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Headline inflation rate rose to 22.04% in March, a 0.13% increase from the 21.91% rate recorded in February, according to the latest report published by the Nigerian Bureau of Statistics (NBS) on Friday.

The report said the increase was buoyed by the jump in prices of food, housing, fuel and gas, among others. The figure shows a consistent increase in inflation rate for the last two years.

“On a year-on-year basis, the headline inflation rate was 6.13% points higher compared to the rate recorded in March 2022 which was 15.92%.

“This shows that the headline inflation rate (year-on-year basis) increased in March 2023 when compared to the same month in the preceding year (i.e., March 2022),” the report said.

Food and non-alcoholic beverages top the list of items whose prices were increased by 11.42%, followed by housing, water, electricity and gas, which saw 3.6% price lift.

“The contributions of items on the divisional level to the increase in the headline index are food & non-alcoholic beverages (11.42%); housing, water, electricity, gas & other fuel (3.69%); clothing & footwear (1.69%); transport (1.43%); furnishings, household equipment & maintenance (1.11%); education (0.87%); health (0.66%); miscellaneous goods & services (0.37%); restaurant & hotels (0.27%); alcoholic beverage, tobacco & kola (0.24%); recreation & culture (0.15%) and communication (0.15%),” the NBS said.

While the Nigerian economy has been on downward spiral due to plummeting oil revenue, experts have attributed the rising inflation to some monetary policies of the Central Bank of Nigeria. Late last year, in a bid to curtail moneybagg politics, terrorism financing and money laundering among other ills, the CBN introduced the naira redesign policy.

The idea was to mop up excess cash outside banks’ vaults (which was believed to be partly responsible for rising inflation), and release newly redesigned naira notes in minimal quantities with hope it would help tame inflation. However, weeks after its introduction, the policy came back with a different result.

The Nigerian economy, particularly the informal sector, was greeted with severe cash crunch that nearly grounded it to a halt.  With businesses reeling on the mercy of the naira redesign policy, the economy took a further downturn. Experts believe the implication is partly responsible for the rising inflation rates.

But generally, the economy has been in shambles since 2015, due to economic policies introduced by President Muhammadu Buhari’s administration. The inflation rate accelerated following the decision of the federal government to close Nigerian land borders in August 2019, and ban the importation of selected food items, including rice.

Efforts by the CBN, including raising interest rate to 18%, to tame inflation have failed to yield the needed result.