It is reported that more women than men start out in Financial Services but, as they progress, the majority fall out, especially at middle management level. This leaves almost all of the top-level roles in the hands of men. Achieving a balanced workforce at all levels in Financial Services will undoubtedly improve culture, behaviour, outcomes, profitability and productivity.
According to Virgin Money’s CEO and author of the report, Jayne-Anne Gadhia, a third of companies in the FTSE 350 still rely on the personal networks of current board members to find new candidates, meaning the old boys’ network is still being widely used. This is the sort of unconscious bias that can damage your talent while hindering business development. For more information about the link between Diversity, Inclusion and Unconscious Bias, and what you can do to help raise awareness of it within your organisation, visit our dedicated “Unconscious Bias Training” page on the site.
KEY FACTS AND FIGURES:
Download the full Gender Forward Pioneer 2016 Index here: “Empowering Productivity – Harnessing the Talents of Women in Financial Services”. And for more information on the work PDT does to help develop gender equality in the workplace click on the below links: