Illustration of Lord Davies's report highlighting women's advancement barriers in finance - Global Banking & Finance Review
An image representing Lord Davies's report on women's career advancement challenges in finance. It emphasizes the disparity in perceptions between genders regarding barriers to women's leadership roles, as discussed in the article.
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LORD DAVIES’S REPORT AND THE ANNUAL CRANFIELD SCHOOL OF MANAGEMENT WOMEN’S SURVEY; A COMMENT FROM ROBERT HALF

Published by Gbaf News

Posted on March 27, 2014

2 min read
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Anticipating Key Reports on Women in Business

In advance of Lord Davies’s report and the annual Cranfield School of Management women’s survey tomorrow:

Robert Half's Perspective on Gender Equality

Estelle James, Director, Robert Half said:

Estelle James, Director, Robert Half

Estelle James, Director, Robert Half

Discrepancy Between Leadership and Employee Experiences

“While business leaders are taking steps to level the playing field between men and women in the workplace, these inroads are not being felt by the employees themselves. According to our research more than a third of women have experienced barriers to advancement during their career, but nearly half (47%) of HR directors believe women are in fact advancing their careers on par with men. Across the wider business community, two thirds (66%) of both male and female employees believe women experience barriers in their careers yet there is huge disparity between the genders, with 57% of men and 75% of women believing that a glass ceiling exists for women.

Enabling Women Through Development and Flexibility

“It should always be the best person for the job – but offering the right career path and development opportunities coupled with more flexible working options will result in a larger pool of women ready to take their rightful seat at the boardroom table. We only have three women in the FTSE 100, so seeing more in the next few years should be a priority.

Progress in Financial Services Sector

“There are some signs of improvement: looking at the financial services industry as an example, 64% of C-suite executives believe that banking, financial services and insurance companies are on track to meet Lord Davies’ target of 25% female board representation by 2015. However this still leaves a third of companies that will not meet his target.”

Key Takeaways

  • Over one-third of women report career advancement barriers, yet nearly half of HR directors believe women advance on par with men.
  • A significant perception gap: 75% of women vs 57% of men believe in a glass ceiling.
  • Only three women serve on FTSE 100 boards currently, highlighting the urgency for improved gender representation.
  • Financial services firms show cautious optimism: 64% of C‑suite executives believe Davies’ 25% board target by 2015 is on track.

References

Frequently Asked Questions

What is the Lord Davies report aiming for?
A target of at least 25% female representation on FTSE 100 boards by 2015, set through a voluntary, business-led approach ([gov.uk](https://www.gov.uk/government/publications/women-on-boards-5-year-summary-davies-review?utm_source=openai)).
How many women currently sit on FTSE 100 boards?
Currently only three women serve on FTSE 100 boards, underscoring slow progress in gender diversity.
What disparity exists in perception of career barriers?
While 66% of employees believe women face career barriers, HR directors are more optimistic, with 47% believing women advance on par with men.
What’s the belief among C‑suite executives in financial services?
64% believe that banking, financial services and insurance companies are on track to meet the 25% female board representation target by 2015.

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