Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Banking and Financial Services employees want to speak-up about issues at work, but can’t

Almost a third (27%) of workers feel that nothing will change if they do speak up.

The majority (72%) of workers in banking and financial services wish they could speak to managers about issues such as work-life balance, career growth and feeling undervalued, according to new research from workplace help platform, Rungway.

When asked about issues faced in the past year, over a third (37%) of workers in banking and finance listed ‘feeling undervalued’ as one of their top concerns. Other top workplace problems included anxiety from their workload (face by 30%), difficult colleagues (28%) and not being listened to (22%).

Unempowered workers 

The survey also revealed numerous barriers are stopping these workers from speaking up. Close to a third (27%) of respondents in banking and financial services felt that nothing would change if they do raise a concern, whilst one fifth (20%) felt like their management team can’t take criticism and close to a fifth (19%) don’t feel like management have time to listen.

Mind the gender gap 

Over a third (34%) of women working in finance and banking – compared to 23% of men – don’t feel like their managers understand what it’s like to work in their role. Women feel less valued than men – with over two fifths (41%) saying they have felt undervalued in the past year, compared to 34% of men.

“#MeToo reinforced the importance of allowing people to speak up. It’s not just having permission to call out issues like harassment, but creating a culture where we can be honest about the reality of our workplaces. Speaking out then becomes constructive and leads to change for the better. Organisations need to demonstrate that speaking up means being heard too. Some employees are afraid to raise sensitive issues, and organisations should be mindful of that and implement tech and processes to make it less intimidating. Technology – like ours, for instance – allows employees to seek advice anonymously, if they want to, and reach a wider circle of support than just their immediate colleagues. The barriers to speaking up shouldn’t exist in today’s world,” said Julie Chakraverty, founder of Rungway.

Rungway surveyed 2,000 Brits in employment on their feelings and attitudes to their workplace. For more information on Rungway, please visit www.rungway.com