Most of us now understand that a diverse workforce leads to more innovation, better financial performance and improved staff retention, however there are still not enough women in senior positions. Only 7 per cent of FTSE 100 companies have a female CEO, while just 26.1% of boardroom executives (this drops to 19.6% for FTSE 250 firms) are female – ranking the UK sixth in Europe.
Why is this and how can it be resolved?
The most commonly cited reason for there being such a disproportionate amount of men in the upper echelons of organisations is of course the difficulty with being both a mum and a successful professional. While the UK’s parental leave policies are far more developed than other advanced western economies, it’s true that they still leave much to be desired – which is why just the week a cross-party committee declared that the government was not doing enough to tackle income disparity. Many organisations struggle to accommodate flexible working, whereby an employee might work half the week from home; however there has been some improvement in this area in recent years. Read more