Survey says: Some things never change.
A new survey of 1,000 financial professionals conducted by CNBC and LinkedIn sheds light on some very traditional — and entrenched — problems. In talking with men and women who work across the financial services industry in banking, capital markets, financial services, investment banking, and investment management, those who conducted the survey were hoping to expose the lack of female leadership at the top (women account for fewer than 17 percent of senior leaders in investment banking) — and revealed a lot more.
Equal pay is, of course, still an issue, but there is a substantial gender divide in terms of how it is is perceived in the workplace: 40 percent of women and 75 percent of men agreed that men and women working at the same levels were paid equally at their companies, the results of the survey showed. Seventy-two percent of women responded that they haven’t seen sexual harassment and gender discrimination at their companies, compared with 84 percent of men.
In fact, some of these findings are reflected in another recent survey that was commissioned by The New York Times about what men and women are experiencing at home. That survey showed that, while many fiscal metrics are showing an improving U.S. economy, there is a gender gap in how men and women are perceiving not only the health of the national economy, but also the state of their own families’ financial affairs. According to the survey results, 47 percent of men responded that their family’s finances had improved over the last year. But only 30 percent of women surveyed said their family’s economic situations have been getting better. Meanwhile, women have a much bleaker outlook for the national economy over the next five years than men do, the survey found, with more women indicating that “periods of widespread unemployment or depression” are on the horizon.
Perhaps those worries about unemployment stem from another discovery made in the the CNBC and LinkedIn survey. There are also examples of exclusion going on the workplace, the survey found, with eight percent of women reporting they’re left out of networking and social opportunities. But the belief that women are less likely to be in leadership positions is persistent: 47 percent of women felt that “men and women are promoted at an equal rate at their companies,” while 26 percent of men believed the same.
So, the numbers are helpful, but what are the solutions? They’re the same as always: More women in leadership positions and more women as mentors. But a new type of solution has emerged and it’s something that the survey found men and women actually agree on: a more flexible work environment. Looks like everyone can get behind more work-from-home days.
Read the full story at CNBC.