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Diversity and Inclusion Within Financial Services

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As the UK awaits a Brexit deal that will determine our future, the financial services industry is ploughing resource into attracting the right talent and skills to ensure the industry is stronger than ever. Diversity and Inclusion can go some way to help companies build teams of experts in order to be Brexit-proof.

Global recruiter, Randstad have released a Diversity and Inclusion within financial services report which looks at what organisations are currently doing and what they could consider in the future to attract a diverse and inclusive workforce.

Also detailed in the report:

  • 30% female representation on boards can increase company net profits by 6%
  • the insurance sector is the weakest sector in terms of attractiveness to women
  • between 10 and 15% of staff have a disability

The report considers all areas of diversity and inclusion including age, ethnicity, gender, disability and sexual orientation. With 45% of people, according to a Randstad poll, feeling that their employer does not support and promote diversity in the workplace what more can be done? There are recommendations for creating an inclusive workplace culture as well as employer brand research looking at the perception of retail and investment banking. Global differences within financial services are also examined.

Alison Starmer, managing director of Randstad client solutions, said:

“Currently diversity and inclusion are hot topics for financial services, while banks and larger organisations are looking into this, our new report looks at where we are in terms of diversity and inclusion in the UK. We also consider what organisations who operate within financial services do and can do”

Adam Thorpe, operations director of Randstad Financial Services, said:

“Until a Brexit deal becomes clear, roles from control room analysts to head of central compliance will be in demand and command higher pay as companies build teams of experts in order to be Brexit-proof. And within these teams diversity to meet these challenges are key.”