Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


The Diversity Advantage

Speech Secretary to the Treasury: The Diversity Advantage

This afternoon the Treasury’s Secretary and Chief Executive Gabriel Makhlouf spoke to a group of business leaders at the Trans-Tasman Business Circle in Wellington, on how diversity of thinking offers a performance advantage. Below is the introduction to the speech, and a link to the full script on the Treasury website.

When we first started talking about diversity at the Treasury, someone suggested that deliberately starting to look for, and employing, different types of people was like asking the All Blacks to select a couple of badminton players. That's absurd of course, but it highlights a silent misgiving many people have when the subject of diversity is raised. In a survey by business magazine Forbes, 41% of executives identified the ‘failure to perceive the connection between diversity and business drivers’ as a barrier to developing and implementing a diversity strategy. In the absence of a business case, people don’t see the point. Or worse, they see diversity as compromising performance.

The reality is quite the opposite. Diversity doesn’t compromise performance. It’s a performance advantage. In particular, it’s the key to a strong team, and this is the idea at the heart of what I want to talk about today. Diversity - especially diversity of thinking - is essential to a world-beating team, and a world-class public service.

Where the goal of a rugby team is to manufacture tries to win a game, the Treasury, and the wider state sector, is like a team that manufactures ideas to solve policy problems. Like a good sports team needs diverse skills, we need diverse perspectives to produce the best ideas we can. We also need diversity of experience to make sure the ideas we come up with are practical, and so we can see them through from conception to implementation.

Today I want to talk about why diversity of thinking matters more than ever for New Zealand, why unconscious bias can get in the way, and what we’re doing at the Treasury to challenge our thinking in new ways.

To read more go to:

http://www.treasury.govt.nz/publications/media-speeches/speeches/diversityadvantage

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news