Private finance firms have fewer women leaders than listed rivals, new research shows January 23, 2023 Financial services companies that are structured as privately-owned partnerships have significantly fewer women in leadership positions than their publicly-listed rivals, new research shows. Fewer than one-sixth (15.1 per cent) of partners in privately-owned finance firms are women, according to research from employment law firm Fox & Partners. By comparison, women account for 43 per [...]
DWF launches menopause policy in bid to tackle legal sector’s staffing crisis November 1, 2022 DWF has launched a new firm-wide policy to support women going through the menopause, as it seeks to boost its retainment of staff in the face of an exodus of older women from the UK’s workforce. The UK law firm’s policy seeks to support DWF employees going through the menopause with a view to raising [...]
Millions of Brits experience bullying, sexual harassment and homophobia every day at work July 26, 2022 A new survey highlights today how toxic many workplaces still are in the UK with millions of workers experiencing bullying, homophobic behaviour and even sexual harassment. In fact, a staggering 42 per cent of all British workers admit they work in a toxic workplace with one in five (16 per cent) of employees witnessing homophobic [...]
Govt does not embrace gender neutrality as all new public buildings in UK will have separate male and female toilets July 5, 2022 All new public buildings to have separate male and female toilets, the government has announced. The Department for Levelling Up, Housing and Communities confirmed the move on Monday, citing “safety concerns” raised by some women over the rise in “gender neutral” facilities. The approach follows a call for evidence which gathered a wide range of [...]
Maternity coaching is a win-win for both employer and employee, argues City pundit July 3, 2022 Despite decades of reform, and an even longer period of campaigning, the City and Britain’s wider business community are increasingly recognising that gender inequalities persist in the workplace. While the inequalities might not be as obvious as they were in the past, when blatant discrimination was both legal and, to a degree, expected, things like [...]
Consulting and finance firms hire more black candidates when using anonymous ‘skills-based’ tests in the hiring process June 26, 2022 City employers are more likely to hire black candidates if they rely on anonymised, “skills-based” assessments in the hiring process, instead of more traditional interview methods, new research shows. Finance and consulting firms hired 79 per cent more black candidates when they relied on skill-based assessments, over more traditional methods such as cover letters, group [...]
Saturday Read: The City still has a long way to go as women make up less than one in four of all promotions June 18, 2022 Women still make up less than a quarter of senior promotions within financial services businesses. Of the 5,815 senior level promotions and hires that took place in the financial services sector in the last year, just 1,365 were women, or 24 per cent, based on FCA data. Despite some progress being made over the previous [...]
Diversity goals: Improving trust encouraged 80 per cent of employees to share data voluntarily, PwC partner says June 17, 2022 There is an increasing amount of trust when it comes to handing over personal data voluntarily, with a partner at PricewaterhouseCoopers (PwC) saying it has shot up from 15 per cent in 2018 to 80 per cent this year. The comments came during an event hosted by Datasite featuring an expert panel discussion about improving [...]
Campaigners warn childcare costs holding back careers in the City and beyond June 13, 2022 CAMPAIGNERS have warned “uniquely high” childcare costs are holding back not just the City’s diversity drive but economic growth. A new study by union the TUC suggests the average nursery bill for a family with a toddler was just shy of £5,000 in 2010 but has grown to more than £7,000 just a dozen years [...]
Closing the gap: gender lens investing and the future of finance May 31, 2022 | City Talk Public perception of gender equality issues runs in a repetitive cycle. We’ve all seen it. A scandal breaks out, or a study discovers yet another damaging disparity. Think pieces are written, hands are wrung, and companies promise to do better. Then the public’s attention moves on until another cycle starts. Actual change comes very slowly, [...]