{"id":9525,"date":"2020-11-18T14:17:01","date_gmt":"2020-11-18T10:17:01","guid":{"rendered":"https:\/\/pressreleasenetwork.com\/site\/?p=9525"},"modified":"2020-11-18T14:17:04","modified_gmt":"2020-11-18T10:17:04","slug":"culture-of-equality-boosts-innovation-creates-us400-billion-in-ksas-economic-growth-potential-accenture-and-alnahda-report-finds","status":"publish","type":"post","link":"https:\/\/pressreleasenetwork.com\/site\/2020\/11\/18\/culture-of-equality-boosts-innovation-creates-us400-billion-in-ksas-economic-growth-potential-accenture-and-alnahda-report-finds\/","title":{"rendered":"Culture Of Equality Boosts Innovation, Creates US$400 Billion In KSA\u2019s Economic Growth Potential, Accenture And Alnahda Report Finds"},"content":{"rendered":"\n<p>A new joint report by Accenture (NYSE: ACN) and Alnahda Society, a non-profit organization dedicated to the socio-economic empowerment of women, reveals that building a more comprehensive culture of equality in Saudi Arabianorganizations can foster innovation and boost economic growth.<\/p>\n\n\n\n<p>Launched during a joint forum between Accenture and the Women 20 (W20), an official G20 policy recommendation engagement group, the \u2018<a href=\"https:\/\/www.accenture.com\/_acnmedia\/PDF-136\/Accenture-KSA-Women-Business-Final.pdf#zoom=50\">Womeninthe KSA Workforce\u2019<\/a> report offers guidelines for companies in Saudi Arabia to build healthy work environments that can help unleash the enormous potential of women in the workplace\u2013 a key objective of the Saudi Vision 2030.<\/p>\n\n\n\n<p><strong>More equal cultures are key for women \u2013 and the economy<\/strong><\/p>\n\n\n\n<p>Over the past three years, Accenture has surveyed over 70,000 professionals worldwide in its \u2018Getting to Equal\u2019 research seriesto identify \u2014and quantify the strength of\u2014the factors positively and significantly correlated with women advancing and thriving in the workplace. This report also builds on Alnahda\u2019s ongoing Takafu study, which focuses on equal opportunity in the private sector. Through analysis of data from the General Organization of Social Insurance and surveys of firms and employees across industries and firm sizes, Takafu aims to identify the determinants affecting women\u2019s participation, career progression, and compensation.<\/p>\n\n\n\n<p>In the top 10% of most equal Saudi organizations, where more of these factors are present:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Female employees\u2019 sense of ambition and confidence is 23% higherthan average. They are 62% more likely to advance in their careers to the managerial level and beyond.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The innovation mindset of all employees in these leading \u2018equal\u2019 Saudi organizations is 50% higher than among their peers in other organizations;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Creative potential is also notably higher, which could add over US$400 billion to the Saudi GDP by 2030.<\/li><\/ul>\n\n\n\n<p>Speaking on the need to shape more equal workplace environments in Saudi Arabia, Khaled Al-Dhaher, Accenture\u2019s country managing director for Saudi Arabia, added: \u201cIn Saudi Arabia, a critical starting point for the career advancement of women is at the top. Our research concludes that a positive tone from the top of the organization goes a long way in setting out both the moral and commercial case for gender equality. Ultimately, a positive workplace culture facilitates a shift in the collective corporate mindset \u2013 and in turn, enables a resilient economy that is less dependent on oil and more reliant on a young and emerging generation ready to seize the limitless opportunities of the future.\u201d<\/p>\n\n\n\n<p>Forher part, Jawaher Al Sudairy, Director of Alnahda Center for Research, added: \u201cThe launch of the Takafu initiative coincided with the announcement of a series of regulatory reforms that simultaneously removed structural biases and instituted safeguards to protect women and promote their advancement, such as enforcement of equal wages and introduction of the anti-harassment law. Hence, the challenge today is less about legal barriers and more about addressing practices and encouraging a workculture underpinned by equal opportunity.\u201d<\/p>\n\n\n\n<p><strong>Building a better culture: helping Saudi women thrive in the workplace<\/strong><\/p>\n\n\n\n<p>The report recognizes the importance of bringing more women into the country\u2019s workforce and empowering them to make meaningful contributions to improve the resilience of the national economy. It also identifiesfive cultural actions for Saudi companies to adopt and help close perception gaps, as well as drive progress toward an equal culture:<\/p>\n\n\n\n<p>Over the past decade, following the government\u2019s introduction of a range of women-friendly policies, Saudi women\u2019s participation in the country\u2019s workforce has grown. However, there is still much to be achieved to bring them on par with their counterparts worldwide. To learn more about championing a \u2018more equal\u2019 workenvironment, please visit this <a href=\"https:\/\/www.accenture.com\/_acnmedia\/PDF-136\/Accenture-KSA-Women-Business-Final.pdf#zoom=50\">link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new joint report by Accenture (NYSE: ACN) and Alnahda Society, a non-profit organization dedicated to the socio-economic empowerment of women, reveals that building a more comprehensive culture of equality in Saudi Arabianorganizations can foster innovation and boost economic growth. Launched during a joint forum between Accenture and the Women 20 (W20), an official G20 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/9525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=9525"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/9525\/revisions"}],"predecessor-version":[{"id":9527,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/9525\/revisions\/9527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/9526"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=9525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=9525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=9525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}