A new survey has revealed interesting news regarding the gender gap within the financial services sector.
According to recent research carried out by BRUIN Financial, although the Women in Financial Institutions (WiFI) report revealed a three point decrease over the last year, the representation, engagement and recruitment of women within the sector continues to rise.
Robert Thesiger, CEO of The FISER Group, parent company of BRUIN Financial, commented, “Whilst some of the key indicators for the WiFI have decreased over the last 12 months, the results for July show, for the first time since reporting, that women are now more likely to be offered a job than men in financial services.
“The male to female interview ratio has remained largely unchanged over the last 2 years at 3:2. However, women securing a job offer over the same period have been making incremental gains. Now for the first time since March 2014 the proportion of women securing a job offer, by comparison to men, is greater. This is hugely positive result following a very public drive to attract more women to financial services.”
The latest survey also exposed continued issues with the gender pay gap, with data showing a slight narrowing, but with women still receiving an average 12.4% less pay compared to their male counterparts.
Thesiger added, “The latest WiFI Index findings show that positive steps have been taken over the last 12 months to redress the gender inequality in their hiring processes.
“Whilst concerns remain regarding parity of pay, the hope is that this reflects genuine institutional change in the financial services sector.”
Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.
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