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Employees in Singapore have an innovation mindset that is nearly nine times higher when their company has a robust culture of equality, than in least-equal companies. At the same time, when taken globally, the innovation mindset of employees is six times higher in most-equal cultures than in the least-equal ones.
This was revealed in Accenture's "Getting to Equal 2019" report, based on a survey of more than 18,000 professionals in 27 countries including 700 in Singapore, and a second survey of more than 150 C-suite executives in eight countries between October and December last year.
The report defined a culture of equality as one where most of the 40 factors across three categories - Bold Leadership, Comprehensive Action and Empowering Environment - (see below) that influence one's advancement at work are present.
Why is this so? According to the report, it is most likely because some leaders mistakenly believe they encourage innovation more than they actually do. For instance, some overestimate the financial rewards given to employees, or even underestimate purpose as a motivator to innovate.
Lead image / istock Graphics / Accenture's "Getting to Equal 2019" report
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