Search Results for: women on boards

Representation of ethnic minorities in UK boardrooms ‘disproportionately low’

Representation of ethnic minorities in UK boardrooms ‘disproportionately low’ 0

Representation of ethnic minorities in British boardrooms 'disproportionately low'

Ethnic minority representation in the Boardrooms across the FTSE 100 and 250 is disproportionately low and does not reflect the ethnic diversity of either the UK or the stakeholders they seek to engage and represent; a new industry-led review has revealed. Given the fact that the UK will be the most diverse country in Western Europe by 2051, with over 30 percent of the population expected to be comprised of people from ethnic minority or migrant backgrounds, each FTSE 100 Board should have at least one director of colour by 2021, and each FTSE 250 Board by 2024. These are the main recommendations of the Parker Review report, Beyond One by ‘21 which found that out of 1,087 director positions in the FTSE 100, only 8 percent of positions are held by directors of colour, of which 1.5 percent are UK citizens, despite the fact that 14 percent of the total UK population is from a non-white ethnic group (up from 2 percent in 1971).

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Flexible hours key to achieving gender balance in finance sector 0

Improvements in flexible working are among the key steps being taken to help achieve gender balance within the financial services sector, according to the UK Treasury. Financial services is the country’s highest paid sector but has the widest gender pay gap, at 39.5 percent, compared with 19.2 percent across the economy. The ‘Women in Finance Charter’, was set up by the Treasury earlier this year to publish progress on gender balance annually and reports that of the 72 firms who signed the charter, 60 have now committed to having at least 30 percent of women in senior roles by 2021. Alongside gender diversity targets, these firms have set out strategies for how they’ll hit these targets, including improving flexible working, making recruitment gender neutral and distributing high profile work more fairly.

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HR analytics has the potential to stem the silver brain drain

HR analytics has the potential to stem the silver brain drain 0

mult generational workplaceWe’re operating in an increasingly tech-centric environment, but human talent still remains one of the core differentiators if a business is to thrive. Not surprisingly, the mission to get the very best people on board and optimise the potential of those already in situ has become the Holy Grail for many companies, irrespective of scale and sector – a challenge that demands a more intuitive and precise, even scientific approach to human capital management. Data analytics is a case in point, designed to extrapolate insight from intelligence across a variety of disparate sources and establish actionable intelligence, capabilities which naturally lend themselves to powering key decisions around hiring and retention and building on existing talent. Yet despite the proliferation of analytics across many strands of the workplace, take up in the HR sphere remains relatively modest, in tandem with a long-held reticence over the use of the technology in this area.

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Over a fifth of working mothers denied flexible hours are forced to quit

Over a fifth of working mothers denied flexible hours are forced to quit 0

flexible working womanDiscussions about the gender pay gap and increasing the number of women on Boards need to acknowledge that the greatest obstacle to female empowerment in the UK is balancing home and family. Just last week the TUC revealed that many women felt compelled to take time out of work to care for young children while another survey found over half of working women believe they would need to alter their career in order to have a child. Now the latest figures fromthe 2015 Annual Survey show that over a fifth of working mums have been forced to leave their jobs because a flexible working request was turned down. Although the right to request flexible working was extended to all employees last year, this new policy has a less rigid timetable for employers and no statutory right to appeal if a request is turned down.

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Worktech weaves together the strands of people, place and technology

WorktechDay two of Worktech London and affirmation that far from dying, as so many headline writers would have us believe, the office is merely entering a new phase. The underlying theme of Worktech continues to be how we find new ways of weaving together the strands of presence and connectedness formed by cities, buildings and technology. Worktech is a constant reminder that while our world may be shaped by algorithms, we still need each other and need to be with other people at least some of the time. The event is admirably hosted by long time collaborator and MC Jeremy Myerson whose knowledge and donnish charm holds things together while the real Don, founder Philip Ross, beams from the sidelines. It is now de rigeur for such events to have a poet in residence and this year’s was Matt Harvey who summed things up at the end of the day with reference to Worktech’s longstanding idea of jellybean working  but who popped up in between sessions with lyrical summations including one that showed some real spunk (you had to be there).

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Business leaders must do more to address gender inequality says Mitie CEO

Change of mind set need to address gender inequalityThe Chair of the Women’s Business Council, (WBC) Mitie Chief Executive Ruby McGregor-Smith, is calling for a fundamental change in mind-set from business leaders, to help remove the final barriers to women’s equality. In the Council’s ‘One Year On’ report which included discussions with over 500 companies and individuals over the last year, as well as canvassing the views of male Chief Executives; the WBC concludes that male leaders are important, as visible agents of change, to ensure women are not held back in reaching their full potential in the workplace. Back in June 2013, the WBC published a number of recommendations for business and government to improve opportunities for women. Since then things have been moving in the right direction. But despite this progress, the organisation argues that male leaders could do more. More →

Legal update – Employment Law changes ahead in 2014

Employment Law changes ahead in 2014

Some of the most hotly debated employment law issues from last year; including flexible working, workplace wellbeing and the contractual rights of employees look set to make more headlines this year, because 2014 is shaping up to be another year of significant change in UK employment law. While the timetable is subject to amendment, currently the Government is intending to introduce a number of revisions. The key employment law events and cases to watch out for in 2014 will include changes to TUPE, flexible working, flexible parental leave, employment tribunal procedures, redundancy consultation, Acas conciliation, calculation of holiday pay and post-employment victimisation;  which we list below in the date order in which they are proposed. More →

More than half of twenty-something UK men would like all male offices, claims survey

boys-clubsAt Insight we report surveys from firms on an almost daily basis. We generally do so without too much comment, trusting that readers are smart or jaded enough to apply their own filters based on whichever company is responsible and the number of people surveyed before dusting them all with a liberal pinch of salt and coming to their own conclusions. Even so, here’s one that may need more seasoning than most. According to a new survey from business supplies company Expert Market, slightly more than half of the UK’s male workers under the age of 30 would like to work in an all male environment, mostly based on the idea that this would mean less flirting, fewer arguments and more work.

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Corporate culture of presenteeism leads to inequality


Corporate cultures celebrate presenteeism

Over half (60 per cent) of senior executives say their productivity would be increased if their organisations played a more active role in helping them balance their work and non-work lives; the majority by 10 to 25 per cent. The research by the Inspire board network and executive search firm Harvey Nash also reveals that male dominated corporate cultures are the biggest barrier to women reaching the board, with over half (52 per cent) believing that today’s corporate cultures which celebrate presenteeism, dramatically reduce the length of time women are prepared stay and develop their career with their employer. More →

Diversity is key to an effective board finds global study

Boardroom diversity is a major global challenge

As we’ve previously reflected, progress has been slow in promoting more women to executive levels, and there are increasing concerns on a lack of diversity within the built environment. Now new evidence has emerged which helps prove just why boardroom diversity is such a pressing issue. According to a major report released by law firm Eversheds there is a global trend towards smaller boards, which means that although companies with smaller boards tend to deliver better share price performance, chairmen and nomination committees have to balance size with a number of other important factors shown to demonstrate better share price performance, such as appointing more executives to boards and encouraging greater diversity in the broadest sense. More →