Joslin Rowe Reveals Women Equal Men In Hunt For Financial Service
on: May 20, 2009, 5:19 am
Author: Joslin Rowe
Rowe has revealed that women working within investment banking
and investment management jobs are closer to reaching parity in
terms of the percentage of job offers they're receiving versus
men, thanks to the longer and more rigorous interview processes
put in place by City firms as a consequence of the recession.
of budget for head count in 2009 has ensured that when hiring
for financial services jobs does take place, candidates are subjected
to a more rigorous and lengthy interview process to guarantee
the very best candidate is hired. This appears to have weeded
out gender prejudices, whether passive or active.
Rowe, the financial services City recruitment specialist,
analysed 1,244 City job offers across accountancy jobs, risk and
banking operations jobs, compliance jobs and investment management
jobs. Between May 2007 & May 2008 (when the recruitment process
was typically 3 weeks) men received 55.1% of all financial services
job offers compared to 44.9% for women.
forward to May 2008/May 2009, when interview times jumped to over
6 weeks and more interview stages were introduced, and women now
receive 48.4% of all financial services job offers - with men
receiving 51.6%. In the year 2000, just 41.1% of financial job
offers went to women compared to the 58.9% received by men.
Ricks, managing director of Joslin Rowe, the City of London recruitment
consultancy, explained: "Today's interview process has become
one of the most intense we've ever witnessed. With so many candidates
to choose from, and the need to justify every single hire, interviews
are involving many more hiring managers and assessment stages.
City firms have always been incredibly selective but now only
'exact match' candidates can expect to tick all the boxes on each
financial services job spec and receive that job offer."
course there may be other factors at work behind these increases,"
added Ms Ricks. "For example, many City firms have been working
hard for years to ensure an improved diversity and equal opportunity
culture and you can see that from the progressive figures we've
witnessed since the start of the Millennium."
Ricks concluded: "The recession may actually prove good news
for women. According to a CIPD report, entitled 'Women in the
Boardroom', female executives interviewed said the traditional
rewards and trappings of a higher career status, such as huge
bonuses, money and bigger cars, were geared towards a male perspective
of success. What they wanted was more time and greater flexibility,
something that may be more, rather than less, likely in the post
Notes to Editors
According to Joslin Rowe research 50.5% of job interviews are
with women and 49.5% are with men. This means that although women
are slightly more successful at gaining interviews this marginal
advantage does not actually translate into job offers.
Established in 1982, Joslin Rowe is one of the leading UK financial
services recruitment firms in the UK. Joslin Rowe consultants,
candidates and clients work together to achieve the best employment
opportunities and long term relationships. Joslin Rowe recruits
jobs and banking
jobs along with other financial services roles across London,
Edinburgh and Glasgow including long-term contracts, temporary
and permanent positions. Joslin Rowe is a Randstad company - the
second largest HR services group globally.
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