Search Results for: women on boards

Number of women in FTSE 100 boardrooms doubles in four years

Broken-Glass-46There is now at least one woman in the boardroom of FTSE 100 companies and the number of women on their boards has doubled over the last four years, according to the latest update from the body charged with monitoring the targets set by the Government in 2011. The latest data shows that women now make up 23.5 percent of top company board level executives, up from 12.5 percent and just shy of the targeted proportion of 25 percent. The Government has refused to set quotas but instead has relied on a soft touch approach to the issue. The report also finds that women now hold 24 percent of board level positions at all blue chip companies, up from 18 percent four years ago. Almost a third (32 percent) of new boardroom appointments in the past year have also gone to women, up from just over 13 percent over the same period four years ago.

Generational shift means Gen Y women best suited to take a seat on the board

female-c-suiteOrganisations that persist in appointing all-male boards were named and shamed last week by UK Business Secretary Vince Cable and Lord Davies, who published the ground-breaking Women on Boards report. Now a new piece of research by Hudson has found that Generation Y females – those in their twenties and early thirties – are the natural leaders of the future. Generation Y women top the charts when it comes to being ‘socially confident’, ‘helpful’, ‘organised’ and ‘meticulous’, compared to their Gen Y male counterparts. Far removed from ‘traditional’ leadership skills (persuasion, confidence, extraversion), they bring a completely different, and more relevant, set of skills to the business environment of today – and tomorrow. Interestingly, when compared to Boomer males, (some of whom we’d assume must be well represented on current boards) the difference in skill areas are most acute: Generation Y females ranked 16% higher on people skills, 22% higher on social confidence, 22% higher on altruism, 16% higher on optimism and 21% higher on ambition. More →

Government urges firms with all-male boards to think again

Government urges firms with all-male boards to think againCompanies must not let up in their efforts to deliver 25 per cent gender diversity to their boardrooms by 2015. That is the message from Business Secretary Vince Cable – on the news that female representation on FTSE 100 boards continues to increase, but that within the FTSE 250, all-male boards remain. As of July 2014 there are no all-male boards in the FTSE 100 and from the beginning of this month the number of women on boards is 22.8 per cent – up from 20.7 per cent in March 2014. Twenty more boards in the FTSE 250 have appointed at least one woman since March 2014 where women’s representation has increased to 17.4 per cent – up from 15.6 per cent in March 2014, but 28 all-male boards remain. The Government has named the offending 28 firms and Vince Cable has written to their chairmen urging them to look again at new talent. More →

UKIP quip that women not competitive enough for business obscures real debate

UKIP comment on women not competitive enough for business obscures real debate

The comment by UKIP treasurer Stuart Wheeler that women are not competitive enough to merit a place in the boardroom grabbed all of the headlines from an important debate on the introduction of gender quotas on City boards. The news broke on the same day that employment body the CIPD issued a warning that businesses will continue to lose talented female workers if they don’t offer them a better work-life balance.  With research showing that around half of female managers choose not to return to work following maternity leave, how far should employers be going to retain female talent and encourage workplace diversity, and does gender equality really require a legislative stick? More →

Female-friendly employers named as progress of women in boardrooms stalls

Top 50 Employers for Women named

In an interview this week on BBC’s Newsnight, Facebook’s CFO Sheryl Sandberg, revealed how she’d come to notice a growing gender imbalance as she moved up the corporate ladder. As her new book Lean in, points out, 30 years after women became 50 per cent of the college graduates in the United States, men still hold the vast majority of leadership positions. This is just one of many reasons why the publication this week of the Times Top 50 Employers for Women list of the UK organisations that are leading the way in gender equality in the workplace is to be welcomed.

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Women still making slow progress up the corporate ladder

women at work

More women are making it into senior management roles than at any time since 2010, according to new research published today to mark International Women’s Day, but predictably, progress is slow. The Grant Thornton International Business Report (IBR) finds that globally, 24 per cent of senior management roles are now filled by women, up from 21 per cent in 2012 and 20 per cent in 2011. However, in the G7 group of developed economies just 16 per cent of board members are women. Meanwhile, a report published by Calvert Investments finds that corporate American is still failing to put substantial numbers of women and minorities into board rooms.

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Rigid attitudes to flexible working prevents lawyers raising it with employers

Rigid attitudes to flexible working prevents lawyers raising it with employers 0

Rigid approch to flexible workingFlexible working may be gaining ground across the professions but it remains so rare in the legal industry that more than one in three (35 percent) lawyers say they would not feel comfortable even beginning the conversation about flexible working with their employer. The reason for this, suggests new research from My Family Care and recruiters Hydrogen, is down to a rigid culture which encourages working anti-social hours; as almost a third (29 percent) of the 140 of lawyers asked, saying that the majority of their colleagues think that people who work flexibly are simply “having an easy life.”  Yet despite this, over two thirds (67 percent) would rather choose flexible working over a 5 percent salary increase.  The research also found a large gender divide when it comes to flexible working.  While significantly more female lawyers work part time (34 percent of women compared with 10 percent of men), female lawyers say they work considerably more than their contracted hours: 35 percent compared to just 28 percent of males.

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Management needs to improve opportunities for career progression

Management needs to improve opportunities for career progression 0

Job interviewAlmost a quarter of employees (24 percent) are intending to move, as job satisfaction in the UK drops to its lowest level for over two years finds the latest CIPD/Halogen Employee Outlook report. The survey reveals that almost a fifth (23 percent) of employees believe their organisation’s performance management processes are unfair (an increase from 20 percent in Autumn 2015). Over a quarter (27 percent) are dissatisfied with the opportunity to develop their skills in their job and this is reflected in the number of employees who say they are unlikely to fulfil their career aspirations in their current organisation, which has also increased to 36 percent (32 percent in Autumn 2015). Opportunities for women in senior roles have slipped as well with separate research by the European Women on Boards (EWoB) showing that Britain has a below-average proportion of women on boards; falling from sixth to eighth place among 12 leading economies since 2011.

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‘Barrier Bosses’ preventing progress in gender equality despite wide support

‘Barrier Bosses’ preventing progress in gender equality despite wide support 0

Female equalityMore men than women believe that equality between the sexes would be better for the UK economy and themselves. Yet despite finding a clear desire for equality, the forthcoming ‘Sex Equality – State of the Nation’ report by the Fawcett Society reveals that there are still significant barriers to progress that need to be overcome. Overall men are more likely to support equality of opportunity for women than women, with 86 percent of men wanting this for women in their lives, compared to 81 percent of women wanting it for themselves. But the survey identified two major barriers to progress – firstly a small but powerful group of ‘barrier bosses’ responsible for recruitment decisions, and secondly the fact that most people believe that men at the top won’t voluntarily move over for women. This year the Government plans to implement Section 78 of the 2010 Equality Act which will require all employers of over 250 people to publish their gender pay gap.

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Commission welcomes appointment of new diversity champions

Commission welcomes appointment of new diversity champions 0

Diversity in the workplaceThe Equality and Human Rights Commission has welcomed the announcement of four new Whitehall diversity champions to help the Civil Service become more representative of modern Britain. In a National Audit Office report earlier this year, the NAO said that although Whitehall had made some progress on promoting diversity, it needed to place greater emphasis on departments’ valuing and maximising the contribution of every member of their staff. The report by the watchdog also concluded that the Cabinet Office was not using the data it holds on staff to manage workforce changes and hold departments to account. The new advisers, who include Paralympic swimming hero Chris Holmes, Director of Paralympic Integration for London 2012, will work to challenge policies and advise ministers and Civil Service leaders on increasing the numbers of people in the workforce from under-represented groups.

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Prime Minister vows to force employers to reveal gender pay gap

Prime Minister vows to force employers to reveal gender pay gap

Measuring the gender pay gapA consultation begins today on plans by the government to force larger companies with more than 250 employees to reveal the difference between the average pay of their male and female employees. Writing in today’s Times Prime Minister David Cameron says he is making a personal commitment to ensure that when his daughters aged four and eleven start work they will experience complete gender equality. Although the gender pay gap has narrowed to almost zero amongst the under 40s, ONS figures show that by the age of 40, men out-earn women by an average of £1.64 per hour, while according to the recent PwC annual Women in Work Index, the UK still lags well behind many other countries in overall female economic empowerment. The new consultation will be wide ranging and will look at who will be required to report, as well as the content, frequency and manner of reporting.

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Gender equality and senior roles where are we now?

Gender equality at senior management and Board level has been and is likely to remain an area of contention. According to recent research by analysts BoardEx into gender inequality in Britain’s top 100 private companies, 73 per cent of companies still have all male teams of executive directors, 51 per cent have only male non-executive directors and there are still 56 per cent of all male Boards. At the end of May a new National Equality Standard was launched by the CBI and the Equality and Human Rights Commission in response to the continued concerns about the issue, which some EU members have argued requires the imposition of mandatory board quotas.

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