Diversity & Financial Services – March 2022 survey
Firstly, a huge thank you to everyone who took part in our survey. As always, we’ve received hugely insightful comments and results, which will help us all with the ongoing conversation around the very important topic of diversity & inclusion within financial services.
Firms who are investing in diversity are pulling away in terms of attracting the best talent. In years gone by, few candidates ever asked about the composition of a firm’s board. Now, they rightly ask their recruitment consultant regularly. Firms who live their values, who have a strong culture and take control of it, will move ahead of the group who give this no consideration. Employers are now not just judged on their pension and benefits; they are judged on who they are and the positive impact they make to society.
When it comes to diversity it’s very simple for me. It’s about two things, equality of opportunity, and creating a supportive environment for all. However, the implementation and creation of the right environment isn’t always easy in practice. Businesses are living things and complex ecosystems. Therefore, we must continue to listen, learn, and adapt.
Simon Roderick, Managing Director of Fram Search
The comments
We asked our respondents for their general comments, and a few themes emerged.
Whilst the respondents were clearly broadly supportive of DEI, the issue of quotas and targets is nevertheless divisive, which was reflected in the comments.
It is also clear that there is a growing understanding of what diversity means and what firms can do to promote DEI.
Several respondents also highlighted lack of focus on socio-economic diversity.
I think DEI has improved considerably since I started work in 1984, however is still a long way to go and especially in the socio-demographic background.
Our company is in the process of transition and is now taking action on D&I. Therefore although many comments are negative or neutral, this should change. Pressure needs to be maintained, but targets are dangerous.
About Fram Search
Established in 2010 by Simon Roderick, a recruiter with 20 years City recruitment experience, Fram Search is a specialist boutique financial services recruitment consultancy. We focus on permanent and interim recruitment in the UK & internationally. Our aim is to build close and lasting relationships with firms who become repeat customers, and with candidates who we help throughout their career.
We are a recruitment consultancy fit for the modern world.
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