Combating the under-representation of women in corporate leadership

Natalie Limerick 29.10.2018

The lack of women in leadership roles across the Banking and Financial Services sectors in the UK is an issue that was addressed in a recent event at Morgan McKinley.

Women in leadership event

Over the last few years, the under-representation of females in leadership roles has become more prevalent and through Gender Pay Gap Reporting, the inequalities surrounding pay, as well as opportunity and seniority, have become more evident. 

In the Top 100 FTSE companies there are only 6 female CEOs and nationally, less than 22% of senior leadership positions are held by women; putting the UK behind European averages.

Addressing the challenges of increasing women in leadership

On Tuesday 23rd October, Morgan McKinley hosted a breakfast seminar in partnership with Arcadia Consulting to discuss the challenges surrounding how to increase women in corporate leadership across the Banking and Financial Service sectors. The event was designed to help address some of the challenges organisations face surrounding senior female staff.

Women in leadership event 2018    Presentation at Women in Leadership event

 

 

 

 

The aim of the seminar was to look at current statistics and discuss the actions organisations can implement in order to attract more female applicants, how to retain them in their businesses and how to ensure progression is clear and accessible for all.

Points raised from discussions...

The key action points were:

  • To build a diverse and inclusive workforce, the most senior individuals in every organisation must be leading and "living" the message rather than it being perceived as an HR initiative. 
  • It is vital that there are visible senior female role models, as well as sponsorship/mentoring available.
  • For an organisation to affect their culture there needs to be more than just a training session - there need to be clear targets in place for improvement that all leadership figures agree to and subsequently should be the individuals held to account.

Future Morgan McKinley events

Morgan McKinley is running another event on Tuesday 6th November, based in our London offices. We will be holding a breakfast seminar in partnership with Brookson One to discuss the pending implementation of IR35 legislation and the potential impact to the contracting world. 

If you are interested in attending any future events or would like to discuss the market, please contact Natalie Limerick, Henry Lee or Penny Dowler.

Natalie Limerick's picture
Director
nlimerick@morganmckinley.co.uk

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