FINANCY
Research conducted by Centre for Workplace Excellence (CWeX) identifies the organisational cultures, systems and practices that drive organisational effectiveness and employee wellbeing. Diversity and inclusion is one of CWeX’s primary research streams.
Financy is an emerging fintech company committed to accelerating gender equality and supporting organisations’ diversity, equity and inclusion (DEI) efforts.
CWeX and Financy have committed to a 3-year partnership (1 January 2022 – 31 December 2024) that uses an evidence-based tool (The Impacter) to track organisations’ DEI activities and deliver insights on accelerating their progress toward gender equality. The tool enables organisations to benchmark their progress toward gender equality, and create a practical plan to accelerate change.
Financy will soon launch a pilot of the Impacter platform, a technology that provides a direct way for organisations to optimise their DEI activities through measurement, benchmarking, actionable insights, employee accountability and alignment with financial performance.
Professor Carol Kulik, a CWeX researcher who serves on Financy’s advisory board, describes Financy as the “ideal partner” for CWeX. “CWeX research has identified the management practices that are associated with greater gender equality. But change doesn’t happen overnight. Companies need a way to track their progress, and measure the impact of their DEI activities. Without that accountability, companies can adopt the wrong practices, or give up on the right practices too soon.”
Ms Bianca Hartge-Hazelman, CEO of Financy, has been dedicated to advancing gender financial equality for much of her journalistic career and launched the independent gender equality progress metric, the Financy Women’s Index (FWX) since 2017, which attracts an average media reach of 1 million per quarter.
"We have been working closely with Deloitte Access Economics and a number of high-profile Australian economists to push the needle on equality both through the Financy Women’s Index every quarter over the past 4 years," Ms Hartge-Hazelman said. "But the slow pace of change has always frustrated me, and that’s largely because many companies don’t have the continued support they need to work towards meaningful and measurable change.”
Ms Bianca Hartge-Hazelman, CEO of Financy, highlights CWeX research in the following media outlets:
- Australian Financial Review - https://www.afr.com/wealth/personal-finance/want-equal-pay-the-odds-are-better-in-new-zealand-20220719-p5b2vu
- Women’s Agenda - https://womensagenda.com.au/latest/the-best-paying-sectors-for-women-have-the-worst-gender-pay-gaps/
- Financy - https://financy.com.au/mba-graduates/
CWeX members present the latest research findings in Financy’s Masterclass series:
- Everyday negotiations: set yourself up to lead & succeed with Prof Carol Kulik
- Earn what you learn with Dr Xin Deng
- Turn the tables on sexism at work with A/Prof Shruti Sardeshmukh
