“It's not just in business, even in general life, about your bias, your privilege, and your existing kind of views on things and how that might be affecting your decision.”
Betts said the best case scenario would be to become unconsciously inclusive but stressed that it is so deep rooted within everyone which makes it difficult.
“I do think that we have to consciously think about it, and only then I think we'll be able to realise the full promise that a true diverse and inclusive business can bring us,” she added.
Women in financial planning
In her presentation, Betts referenced some statistics about women in the workplace.
She said around 25 per cent of female millennials do not feel there are senior female role models that resonate with them at their current employer.
Some 71 per cent feel that while organisations talk about diversity, opportunities are not really equal for all.
Approximatelt 86 per cent of female millennials that are in a relationship are part of a dual career couple.
“We need to make changes to attract more women to our workforce because we know we need diversity and inclusion are needed,” she said.
“There are absolutely loads of female millennials entering the workforce that we should be able to hire. They're going to need us also to give financial advice.
“All these people coming and being career oriented are going to need financial advice from us as well.
Betts added that female millennials matter because they are entering the workforce and "are more highly educated than any female generation before".
She said: “They are more confident and they also consider opportunities for career progression to be one of the highest employer traits.
“They are a completely different kettle of fish than maybe when I entered the workforce is going to be really, really different.”
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