How to Grow a Social Venture

Inequities are more likely to occur at work, and they have a high rate of demographic and socioeconomic compromise. Everyone has their own aptitude and level of performance, which is self-evident. According to Adam, the only way to justify the disparities in the workplace is to look at race and gender. With this, he opens up his discussion on exploring equity in this episode of the Entrepreneurial Thought Leaders podcast, on Stanford eCorner.

Adam discusses how ensuring safety is the primary goal of every organization, even more so than ensuring optimum output is delivered. Employees who entrust their careers to an organization are given a plethora of additional opportunities, he claims. When such disparities are discovered in the workplace, however, all that remains is to hope that they will not occur again in the future. Adam believes that there is a widespread belief that such issues can be solved through policy, programs, and funding. Inequity, on the other hand, is a cultural issue. People are making the problem worse by wishing for a policy, program, or funding solution to this problem. Complaining is a common way for employees to deal with discomfort, challenge, or inequity. They would rather change workplaces than create an environment that is suitable for them to work in. One way to fully comprehend equity, according to Adam, is to discuss what kind of work environment employees seek. It is much easier to make leaps when working in an institution, but it is much more difficult when working for a large corporation. He goes on to say that one way to approach the problem is to construct a bridge between the problem and the solution. Workplaces are both complex and dynamically tense. Situations like facing inequity create not only unhealthy competition among candidates but also an unsafe and stressful working environment. Senior executives, who are not only seen as leaders but also as mentors, must fully comprehend this and take the necessary steps to solve the problem and establish a system that ensures that such tensions do not arise again. One way to do this is to provide employees with a comprehensive review report that clearly states what an individual lacked that the other had, causing them to be a little more preferred than them so that they can work on their skills as well. Alternatives include holding motivational meetings or just one-on-one meetings for a shorter period of time to discuss the weak points.

Whatever benefits a company may offer its employees, it is critical that they work in a positive environment where everyone’s input and output are valued and employees can work without feeling rushed. As a result, understanding equity is critical for employers and senior executives. You will learn why equity matters at work by listening to this episode of the Entrepreneurial Thought Leaders podcast on Stanford eCorner, hosted by Adam Pisoni, co-founder of Yammer and a Microsoft executive.