Women's career prospects in accountancy 'improving'
The career prospects for women working in accountancy and finance are improving, according to new research.
The study, by recruitment consultancy Robert Half UK, found that 87 per cent of UK male and female finance directors believe there are now improved chances for women to secure executive board positions.
Researchers also found the female finance chiefs are “more positive” than male finance directors about the opportunities for women to progress. Over two-thirds (67 per cent) of female finance directors said there are now more opportunities for women to climb the career ladder in accounting roles.
The findings came on the same day that the Lord Davies Women on Boards report revealed that FTSE 100 companies have achieved their target of having 25 per cent female board members.
However, Lord Davies has now set a new target for all FTSE 350 companies to have 33 per cent female representation by 2020 – which equates to around 350 more women in top positions.
His report echoes the sentiment of Helena Morrissey CBE, CEO of Newton Investment Management, who told ICAS members at a recent event that more balanced boardrooms are “emerging”, but there is still more to be done.
Phil Sheridan, Managing Director of Robert Half UK, said that “creating a diverse talent pool” should be at the top of the agenda for businesses.
He said: “Providing more career opportunities for women within finance will see a stronger talent network for business to draw upon. This will not only improve prospects for women, but for the economy as a whole.”
Robert Half UK surveyed more than 200 finance executives from companies across the UK.
Women, work and wellbeing event
ICAS is holding a Women, Work and Wellbeing event on 3 November in London. The event will will be a discussion led by a panel of business experts including Sacha Romanovitch, CEO of Grant Thornton, Nicola Elliott, Co-Founder and Director of Neom Organics and Errica Moustaki, Director of Careers in Depth.