A culture of openness and positive challenge is important to instil in every organisation, at Board level and all the way down throughout an organisation. The manner in which leaders and organisations manage the Speak Up process is integral to achieving real, sustainable and authentic cultural change. If an organisation is not serious about fostering an environment where people feel ‘safe’ to air alternative views, be that at meetings or in one to ones, or in ensuring that the process around the handling of formal ‘speak-ups’ is robust, transparent and confidential, then it will be very difficult to succeed in delivering cultural change.
During the period the IBCB contributed towards various Speak Up initiatives across our member banks – e.g. participating in Speak Up events and speaking at town halls and team meetings aimed at highlighting the importance of speaking up. In the éist 2023 Staff Culture Survey we heard staff feel they can speak more freely but are not as confident speaking up about wrongdoing. Staff feel more listened to than they did previously, suggesting the focus on this aspect of the sector’s culture has led to a more open and inclusive environment. More staff feel they can share their opinions without fear of negative consequences (+7pts) and that people are treated fairly when they make mistakes (+2pts). However, perceptions of being able to speak up specifically about wrongdoing have fallen 3 points which shows how challenging this is to get consistently right. Speaking up (& being heard) remains core to the IBCB Work programme in the period ahead.
(70% or higher)
(60-69%)
(50-59%)
(49% or lower)
Thinking about the last year or two, I feel my organisation’s commitment to speak up has strengthened
(Asked to those with >1 year tenure)
In 2021, the IBCB commissioned Karian and Box to design and conduct the second staff culture survey, branded as the éist Staff Culture survey. The survey was conducted during the Spring of 2021 a period characterised by immense pressures for many bank customers, staff and the wider economy due to the ongoing Covid-19 pandemic. In addition, there were a number of material announcements from IBCB member banks during this period which will result in changes to organisational structures and the wider banking market in Ireland.
10,648 staff participated in the survey, which is almost 50% of all staff across our member banks. We are very pleased that the results show real progress on cultural change has been made across all IBCB member banks in the period since 2018 – a strong emphasis on the customer is evident across all 5 banks and there has been a material improvement in staff’s confidence levels in Speaking Up – which is core to an effective culture.
3 in 5 bank staff (58%) feel that their organisation’s commitment to building a speak-up culture has strengthened and importantly there has been a 10-point increase to 69% of those who had a concern and felt comfortable to raise it in the period.
The results of the éist Bank Staff Culture survey will shape the areas of focus in our work programme. We intend conducting this survey on two-year intervals.
Speak Up process
Ditch the term 'Speak Up' (negative connotations)
Transparency / lift the veil of secrecy (poor awareness of the process among the 5 banks)
Psychological safety
Tone from the Top
Senior leaders to lead by example
Training (for line managers and individuals - use case studies / dilemmas - face to face discussion)
Awareness & Recognition
Recognise those who speak up and celebrate learning from mistakes
Examples of senior leaders who have spoken up and not only survived but thrived!
In October 2018, the Establishment Office of the IBCB commissioned the UK Banking Standards Board to conduct the first culture survey of Irish bank staff. The survey focused on exploring bank staff’s views on a range of issues which lie at the heart of banking culture. The findings of that survey helped inform elements of the IBCB’s work programme, including staff events on Speaking Up, Staff Pressures and Resilience, and Ethics.
The survey (published April 2019) found that one third of all staff said that they had wanted to raise a concern at work over the last 12 months. Of those who have raised a concern, less than 2 in 5 felt that they had been listened to and taken seriously. [1]
[1] Source: IBCB Employee Survey 2018
A working group was formed with senior representation from our five member banks and including sponsors from the Irish Banking Culture Board to collaboratively discuss fostering a culture where staff feel they can safely challenge and ultimately ‘Speak Up’ if necessary.
Following our initial session with the working group on Speaking Up we held a series of workshops in Q1 2020 with staff from various locations, backgrounds, locations, roles and levels across our five member banks, to explore further the issues relating to Speaking Up which were identified in the IBCB staff survey 2018.
Feedback received from staff who attended was that the sessions were extremely worthwhile and engaging.
Below were the key themes which were the outputs from the workshops with bank staff, which we fed back to our member banks.
