Gender inequality still an issue in financial services
Many women working in the financial services industry feel they are overlooked, underpaid and severely under-represented at executive level, while their male counterparts largely disagree, according to research by Finsia, the Financial Services Institute of Australasia.
Finsia polled over 800 male and female financial industry professionals with regard to workplace culture, participation rates and job roles.
According to the results, 85% of females surveyed feel there is a gender divide within financial services, compared to 58% of male respondents disagreeing with that view.
"The survey findings reflect that while the implementation of pragmatic measures such as child care support and flexible work options would go some way to lifting the levels of female participation within our industry, essentially, culturally barriers go to the heart of the gender divide," Finsia CEO Martin Fahy said.
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