The financial services industry is well known for being fast-paced, competitive and male-dominated. In Fintech, women are vastly underrepresented, making up just 29% of staff in the sector, despite representing 47% of the UK workforce. But this is also an industry in transition – and growing numbers of companies now recognise the importance of promoting gender neutral pay structures and flexible working policies. As Rosie Silk, R&D Tax Manager at Kene Partners, explains, with the right working policies and role models, concerns about attracting women to the industry should be rapidly consigned to history.
Zero Bias
Gender pay gaps. Endemic sexual harassment in Silicon Valley. It is easy to assume that the experience of women in the workplace has failed to improve over the past three decades. But that is patently untrue. There are many organisations within the FinTech sector that are passionate advocates for generating a positive working environment, and one that has zero gender bias.
Given the challenge of recruiting high calibre individuals, companies need to encourage working practices that suit today’s attitudes towards work/life balance. Both women and men should have equal access to flexible working policies, for example.
However, of course, FinTech is a young industry. Fast growing, start-up organisations will often overlook the need for flexible working models to support parents of both sexes. Indeed, in many start-ups, such flexibility is simply not an option. But this is an industry that offers choice: if flexible working is important to any individual, then look for a different employer. There is, without doubt, a divergence in cultural attitudes and behaviours as well as working practices in firms across the FinTech sector, and it is incredibly important for both employer and employees to understand and identify those issues up front. Skills and experience alone are not enough to ensure a great fit.
Role Models
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