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Matrix360

Matrix360 Provides Key Insights to Improve Diversity

August 10, 2022 (Global News Distribution) -

Business leaders need to pay attention to how they welcome diversity and invest in creating better workplaces for employees, workplace strategy firm says.

TORONTO, August 10, 2022 – As businesses seek to improve diversity, equity and inclusion (DEI) in the workplace, the real estate development industry struggles to make progress, due to the limited commitment and investment into incorporating diversity and equity into the business strategy, says Matrix360, a boutique, diverse-owned talent management and workplace strategy firm based in Toronto. 

“Many businesses have created strategies to address diversity through narrow frames focused on representation within leadership levels. Representation matters, but what continues to be ignored are the systemic changes that are required to address and transform the industry,” said Chandran Fernando, managing partner of Matrix360. 

“Many business leaders continue to wear blinders,” Fernando continued, “and are not comfortable with addressing the complexities within diversity and tend to think in linear and binary terms – for example, with gender equity, most business commitments have focused on white women and continue to ignore the intersectionality of women.” 

Matrix360’s nationwide survey of Canadian commercial real estate and development professionals found the business sector’s demographics do not reflect those of the country as a whole. Women make up 47% of the overall workforce, and 52% of the real estate workforce, but occupy just 34% of ownership, partnership and C-suite positions. Similarly, people who define themselves as members of visible minority groups make up about 19% of the overall workforce, but occupy just 14% of those highest leadership positions. Similarly, about 4% of workers define themselves as of Aboriginal descent (Native Canadian or First Nations) and are similarly underrepresented. However, a strong majority 69% believe diversity perspectives are important. That means the commercial real estate sector faces a challenging period of reflection.

“Communities are only able to transform after uncomfortable conversations around DEI are brought to the surface and addressed,” Fernando said. “While it may be intimidating for real estate businesses to have these conversations, they are the most reliable vehicle we have to accelerate change in the industry and build the diverse communities we wish to see, both internally and externally.”

“While many real estate businesses are slow to understand the importance of data collection of their employee networks, these surveys alone are not enough to make a real impact,” he said. To achieve a true solution, they must examine their own internal processes and systems, specifically focused on workplace culture and talent management. 

For two decades, Matrix360 has been developing tailored solutions for commercial real estate and development firms to help promote inclusive workplaces. The team’s approach is based on the United Nations’ 17 Sustainable Development Goals (SDGs) and is designed to help evolve workplace cultures where all people thrive.

“Matrix360 employs behavioural science techniques, emotional intelligence and inclusive systems to develop truly inclusive workplaces, where every employee can reach their potential,” Fernando said. “Only when a business can maximize the talents of every employee can it innovate and succeed in our modern and diverse society.”

To learn more about Matrix360’s work with DEI initiatives, or to learn more about the team’s equity solutions and recruitment services, please visit https://matrix360.ca/. 

About Matrix360

Matrix360 is a boutique diverse-owned talent management and workplace strategy firm. With two decades of experience, our structured approach is framed in the UN Sustainable Development Goals to evolve workplace cultures where all people thrive.

We collaborate with leaders to deliver solutions focused on people. With our unique solutions, we strive to set a new industry standard for what excellence in diversity looks like, where we are able to influence positive business outcomes: innovation, sustainable growth, and inclusive communities.

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Matrix360 Offers Strategic Insight on How Companies Can Embrace Diversity, Equity Year-Round

March 16, 2022 (Global News Distribution) -

The concept of “newsjacking” can be problematic for organizations as it focuses on leveraging diversity to set themselves apart from others rather than integrating it into a business model throughout the year.

Newsjacking. It’s a term that may be unfamiliar to some, but it’s important to highlight as it becomes more common in companies across the country. It’s defined as leveraging diversity in a way that helps differentiate organizations. Matrix360, a talent management and workplace strategy firm, is focused on highlighting the importance of integrating diversity and equity in business models year-round to generate change rather than just during certain recognition initiatives, like Black History Month, Women’s History Month or Pride Month. 

According to a recent survey by Deloitte, 74% of millennial employees believe their organization is more innovative when it has a culture of inclusion, and 47% actively look for diversity and inclusion when sizing up potential employers. 

Throughout the year, companies celebrate the importance of diversity and inclusion through recognition months. While these occasions briefly shed light on the significance of these critical initiatives, highlighting diversity is something organizations should commit to and embrace 365 days a year. Additionally, organizations would be wise to identify ways to ensure these efforts are sustainable in the workplace and address systemic barriers and challenges that affect diverse and underrepresented professionals. 

While day-long and month-long occasions of recognition shine a spotlight on important topics, they’re not creating long-term solutions that keep the conversation going throughout the year. Companies would benefit if they thought twice about only celebrating Women’s History Month, for example, and instead approached their workforce directly and asked questions related to how they can improve their culture from an equity standpoint. It is imperative to move beyond the performative checkboxes and address real barriers and challenges that exist in workplaces. 

For two decades, Matrix360 has guided and partnered with clients to help organizations address, build, and evolve teams and workplace culture by recognizing the power of diversity and building equity into the business framework.

“We collaborate with leaders to deliver solutions focused on people,” said Chandran Fernando, managing partner of Matrix360 Inc. “We strive to set a new industry standard for what excellence in diversity looks like, where we can influence positive business outcomes like the following: innovation, sustainable growth, and inclusive communities.”

Businesses in any industry can benefit from the Matrix360 approach, especially those in commercial real estate, development, and private equity, where opportunities for diverse and underrepresented groups have historically been limited. To learn more, visit www.matrix360.ca.

About Matrix360 
For over two decades, Matrix360 has been at the forefront of building and expanding the commercial real estate and development (CRED) landscape for equitable and inclusive teams, and we continue to work in partnership with our clients to deliver solutions as Canada’s leader for talent management and workplace strategy. We believe people are the bridge to profits and possibilities, where the power of diversity is the key to building the future, today. Their passion is to build sustainable and equitable businesses that unlock capabilities to drive individual, team, and business success. For more information, visit www.matrix360.ca.  

Media Contact:
Bianca D’Angelo
(203)577-7588 (Direct)
bianca@newswire.com
www.Newswire.com

Source: Matrix360

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