Compulsory flexi-time is a must to attract women into finance
A finance firm has urged the financial services sector to introduce compulsory flexible working hours to attract and retain more women.
Sturgeon Ventures said mandatory flexi-time would help working mums and “open the floodgates” to more women working in financial services, as the FCA today published targets for the Government’s Women in Finance Charter.
This morning, the FCA pledged to ensure 45% of its senior leadership team are women by 2020, rising to 50% by 2025.
The Treasury revealed that 60 firms have committed to having at least 30% of women in senior roles by 2021. This includes 15 banks and 13 leading insurers who together employ over 375,000 people in the UK.
Seonaid Mackenzie, managing partner at Sturgeon, said: “There are many women all across the UK with a tremendous amount of experience and who could re-enter the financial services industry but can’t because of the insurmountable difficulties of juggling family care with inflexible nine to five working hours.
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