Seventy percent of employees believe diversity, equality and inclusion is an afterthought in the financial services industry, according to new research.
As a result, two-thirds of them also claim that financial services organizations are not currently doing enough with their diversity policies.
The findings were revealed by a survey of decision makers in financial institutions and banks in the UK, via independent survey agency Censuswide, to measure the current state of diversity and levels of digital skills in the banking and finance sectors.
Despite claiming DE&I as a priority, 69 percent said their company does not reflect this in practice.
More than four in five financial institutions have female representation at the C-Suite level, with 84 percent indicating that investing in diversity, inclusion, and equity would enhance their organization’s overall productivity.
It was also revealed that two-thirds believe the sector does not support people returning to work after children, with limited flexibility and parenting plans available.
Sheila Flavell, CBE, Chief Operating Officer FDM groupwho commissioned the survey, commented: “Diversity, equity and inclusion in the workplace is an important area for companies to prioritize, providing equal opportunities at all levels. Promoting measures such as access to digital skills training programs can enable employee development and give them a foundation To take on highly skilled roles in banking, financial technology and financial services.”
“Resolving the diversity gap that businesses face in the financial services sector is not an overnight task, but it is important to make sustained progress toward the goal of creating a diverse workforce. Identifying flexible diversity policies such as remote working options for returnees is a key way to promote inclusion in the workplace. Work. Identifying and maintaining commitments to diversity will begin to bridge the gap and foster an industry centered around diverse ideas and skills.”
Other findings included 88 percent indicating that their organization would benefit from increased diversity in staffing.