Concern over scarcity of women managers
Concern over scarcity of women managers in financial services
The Association of Executive Recruiters has responded to todays report from the Equality and Human Rights Commission on pay gaps in financial service.
Derek Smart, Chair of the Association of Executive Recruiters, which is part of the REC, said: "The report does highlight some crucial facts that we have known from anecdotal evidence previously. That women make up half of those employed in the financial services sector but only 11 per cent of senior management is a cause for concern. It is in this area that Executive Search and Selection firms are able to work with companies to create more gender equality at the upper echelons of the City.
"The Association of Executive Recruiters will be working with the REC to feed into the Equality and Human Rights Commission's inquiry into this issue."
The REC will be expanding on its long standing work in the diversity field to see how best it can ensure that women have equal access to the top roles. Through recruitment agency members in the interim management and executive search fields, there is a wealth of knowledge about what it takes to get to the top.
The REC is keen that these issues are tackled through practical advice and guidance for women seeking to work in the financial services industry as well as for those recruiting into vacant positions. As the financial institutions restructure and respond to the dramatic changes in the market it is a key time for recruitment professionals to use their expertise to deliver solutions for those who want to recruit more women into their top roles.