Her Finance QUB: The Economic Benefits of Gender Balance

In 2020, it remains true that women are vastly underrepresented in the workforce across all industries. According to the Mc Kinsey "Women in the Workplace" 2020 study, men hold 62% of senior level positions in the UK, whereas, women represent just 38% of these roles! In addition to this, for every 100 men that obtained a promotion to management-level positions in 2020, only 85 women received such promotions (Mc Kinsey and Company, 2020). An alarming finding from the "Women Count 2020" study conducted by The Pipeline shows that across the FTSE 300, just 5% of firms have women in. CEO positions and less than 2 in 10 have appointed women as CFO. In fact, the 2020 study conducted by The Pipeline notes that more FTSE 100 CEOs were named "Peter" than women that actually held these senior-level positions! What is even MORE shocking is that until recently, there simply wasn't enough data to study the level of gender disparity within senior management positions...

Siyi Huang Student number:40312613   Leadership Perspectives on Promoting Women in Financial field   With the continuous development of the financial industry, the proportion of women in the financial industry is increasing, and about 30% of CFA global members are female certificate holders.   However,   as shown in the figure below, from a global perspective, the proportion of women in company management is not very high(Exhibit 1) . Women in entry-level roles in financial services seldom envision themselves in a top executive position; only 26% aim for this goal, as compared with 40% of their male peers and 31% of entry-level women across all industries(Exhibit 2). Exhibit 1 Exhibit 2 But in fact, women have their own unique advantages in the field of investment management, so they can better use their good points through the following three points. Firstly, it is passion. Because women are more perceptual than men, and women will maintain a longer-term freshness a...

 Women in Non-renewable resources Ying Ding – Postgraduate student, Queen's Management School l   Women in Non-renewable resources (i.e. oil, gas, electricity) It is difficult for women to promote in the non-renewable resources industry. at present, women account for only 15% of the oil and gas labor force. (non-renewable resources refer to natural resources that cannot be recycled for a long time after human development and utilization. Such as mineral resources, soil resources, coal, oil and so on. Also known as "non-renewable resources.) l   Women face two problems in oil and gas jobs 1. The first problem is the difficulty of promotion to management. Because the promotion process requires women to face so many more challenges than men, the opportunities for women deteriorate when they are promoted later. As a result, women's participation in oil and gas industries fell by 31%, compared to 22% in other STEM industries, and a 20% drop in the company's overall w...

Current Situation and Struggle of Women in the Retail industry   Today, Retail industry has a trend of diversification and globalization, but interesting gender differences still exist From the leader circle to the bottom staff, the gender ratio shows different trends, which may represent the industry ’ s perception and perception of gender. As everyone knows, the proportion of female employees in the retail industry is very large, basically the retail workers you meet will often be a lady, and the retailer will also tend to give priority to women in the recruitment of grassroots staff, but is this situation the same in the leadership circle? In fact, the proportion of women in the leadership circle is much smaller, unlike the basic employees. Every woman says that only 20% of executive teams are women despite a huge female workforce(Mandy Garner 2020), this ratio means that retailers need to seriously solve this problem, the problem of diversity lack. First of all, in the retail i...

Gender Equality in Healthcare - How Much Is Gender Imbalance Costing Our Economy? Paying The Price of Imbalance The price of being a woman is something that’s often discussed in the media – unrealistic beauty standards, sexual harassment, and poorer financial stability but to name a few  –  but perhaps the question we should be asking is, ‘What’s the price of maintaining this gender imbalance?’   Elgart (1983) predicted that it may take around 200 years for corporate boards to achieve equal gender representation, based on the 10-year growth rate of female directors’ ranks in Fortune 500 companies. The reason for this imbalance, 43% of the boards claim, was that they were “already filled with qualified candidates”, with a further 35% stating the “difficulty in finding experientially qualified candidates”.   At HerFinance QUB, these reasons don’t convince us.    The  National Center for Education Statistics (2011) reports that over the past 30 years, wom...

  Welcome to HerFinance!    We’ll be using this space to talk all things female & finance - highlighting economic issues that are caused by the underrepresentation of female leadership in the workforce and how to overcome them.   We want to close the gap - not just because it’s the right thing to do, but because it’s the SMART thing to do!   We can’t wait to open discussions about the economic benefits of empowering women and would love if YOU got involved.   Join the conversation: https://twitter.com/HerQub 🚺 💸 🚺 💸 🚺 💸 🚺 💸 🚺 💸 🚺 💸 🚺 💸 🚺 💸