Sadly, these shocking statistics aren’t contained within the finance and professional services industries. In fact, according to PEW Research Centre data, more than 42% of women have experienced discrimination based on gender at work, whilst the same amount believes they’ve been turned down for a job for this reason. A worrying 23% have been told that they are incompetent based on their gender alone, and ten per cent stated that managers have refused to promote them for the same reason.
So why is this? Well, in the case of Aviva and Atrium, historic gender bias within the workplace serves as a key impetus for the discrimination that women face, even when simply applying for a job. However, a greater reason exists, as evidenced by Catalys data which found that women hold just 5.8% of CEO positions at S&P Companies. Fundamentally, women have far fewer advocates willing to move the dial and fight for greater equality within senior leadership. The systemic issue with gender bias in the workplace is self-perpetuating, as historic bias prevents progressive female leaders from rising to the top and changing fundamentally broken processes.
In her LinkedIn statement, Blanc noted that she hoped her sector would achieve gender equality and could “slowly eradicate this type of occurrence for the next generation. However, if these same processes continue to inherently disadvantage women, as she states, “in truth that seems a long way off; even with the help of some fantastically supportive men who speak out on the issue.”
Subscribe now to myGrapevine+ and get access to exclusive new content, and the full content archive.