WeAreTheCity is supporting the YouGov ‘Empowering productivity: Harnessing the talents of women in financial services’ survey.
The Gadhia Review – ‘Empowering productivity: Harnessing the talents of women in financial services’ was published a year ago and nearly 3,500 people – men and women – contributed to the work.
The last YouGov survey in 2015 informed the ‘top ten positive steps’, published in the Gadhia Review, which companies can take to make a difference to gender balance.
18 months on from the last research, we want to understand from people working in financial services how much progress has been made.
The 2017 ‘Empowering productivity: Harnessing the talents of women in financial services’ research is now open and we would be delighted to hear your views.
The research is aimed at all employees – both male and female – working across the financial services sector and should take no more than 10 minutes to complete, depending on your answers.
The purpose is to determine the positive steps companies can take to promote better gender balance across our industry. Because the achievement of a balanced workforce will undoubtedly improve culture, behaviours, outcomes, profitability and productivity.
Background to the review:
In 2015 Jayne-Anne Gadhia, CEO Virgin Money, was asked to review the progress of women in senior managerial roles in financial services on behalf of HM Treasury.
The review found that although there are more women than men employed in financial services many women do not progress beyond middle management levels. In 2015 only 14 per cent of ExCo members in financial services were women.
In order to move toward a gender balanced workforce, the review recommended that firms should:
- appoint an executive accountable for gender balance;
- set their own targets for gender balance and report against these publicly; and
- link the remuneration packages of senior executive teams to delivery against their internal targets.
In response, HM Treasury launched the Women in Finance Charter, which is a voluntary pledge for organisations aiming to meet these recommendations. To date, 122 financial organisations have signed up.
The review also included the top ten key enablers, informed from the results of our 2015 YouGov Survey, to help firms take practical actions to achieve a gender balanced workforce.
Please pass on the link to colleagues and friends working in the financial services sector.