12 November 2012
Report: Just 6% of City directors are female
Males still dominate the upper echelons of the British employment sector, a new report has showed.
According to research conducted by Astbury Marsden, a huge 94 per cent of all directorship roles at companies based in the City of London are fulfilled by men, even though more effort is being made at many firms to improve equality.
Indeed, just 20 per cent of all professionals in senior roles in the UK's financial hub are women as companies continue to deploy males more readily in their boardrooms.
Commodity trading and stockbroking were found to be two of the least diverse arenas, with 91 per cent of important roles being fulfilled by men in the former and 84 per cent in the latter.
Later this week, a decision will be announced regarding whether or not officials at the European Union will decide to impose compulsory boardroom gender quotas in order to enforce an employment system where gender diversity is much more prevalent.
Mark Cameron, chief operating officer at Astbury Marsden, stated it is a "shame" that many companies in the City are still "a little too testosterone-heavy" in the 21st century.
"Historically, there has been a small pool of women wanting to enter what they see as a male-dominated sector and this feeds through to even fewer women reaching top positions," he noted.
In addition, it was found that females in the City tend to work shorter hours than their male colleagues, as just 41 per cent of women complete more than 45 hours every week compared to 56 per cent of men.
Mr Cameron explained: "It can be a very difficult for women to juggle childcare and maternity challenges with a demanding career in the City."
Astbury Marsden's study echoes the findings of a report by the Chartered Management Institute last week, which showed that female directors of FTSE 100 companies are paid some £423,390 less than males over the course of their careers.
Contact our employment solicitors on 0800 916 9060 or email email@example.com if you would like advice on any employment matter
Posted by Chris Stevenson