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    Gender parity and its impact on the banking sector in the U.K.: A Guide for Businesses and Governments
    Gender parity and its impact on the banking sector in the U.K.: A Guide for Businesses and Governments
    Gender parity and its impact on the banking sector in the U.K.: A Guide for Businesses and Governments
    Ebook67 pages1 hour

    Gender parity and its impact on the banking sector in the U.K.: A Guide for Businesses and Governments

    By VOLPATO SARA

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    About this ebook

    Achieving equality with respect to race, ethnicity, socioeconomic status, age, disability, and sexual orientation is crucial in both business and governmental spheres, as it enhances economic performance. 


    This book focuses specifically on gender equality in the workplace and at the governmental level. 


    It begins by examining the state of gender equality on an international scale and within the broader labor market. 


    Following this, the book presents an in-depth analysis of the English labor market, scrutinizing over 11,000 companies with more than 250 employees, collectively contributing to 47.5% of the English economy. The analysis is conducted across various geographical regions and industries, with a particular focus on the banking sector by selecting the most representative banks in the UK. Key parameters such as the gender pay gap and gender representation within corporate hierarchies are thoroughly examined.


    The final sections of the book provide a guide for businesses and governments on achieving gender equality, drawing on Iceland’s successful practices, a leading nation in gender equality for decades, and insights from Nobel Prize-winning economist Claudia Goldin.

    LanguageEnglish
    PublisherPublishdrive
    Release dateSep 4, 2024
    Gender parity and its impact on the banking sector in the U.K.: A Guide for Businesses and Governments

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      Book preview

      Gender parity and its impact on the banking sector in the U.K. - VOLPATO SARA

      Gender parity and its impact on the banking sector in the U.K.

      Sara Volpato

      A group of hands touching each other Description automatically generated

      Table of Contents

      Introduction

      Chapter 1 - An International Overview

      Chapter 2 - Gender Diversity in the Workplace

      Chapter 3 - Gender disparity in the U.K. (2023-2024) with a focus on the banking sector

      3.3.1) Geographic analysis……………………………………….…….....42

      3.3.2) Industry analysis ….………………………………………….….....52

      3.3.3) Detailed analysis……………..………………………….……….....57

      Conclusion

      References - Bibliographic Sources …………………...………81

      Introduction

      Gender equality refers to the state of equal access to rights, opportunities, and resources regardless of gender.

      It entails the fair treatment and representation of people of all genders in various spheres of life, including politics, education, employment, healthcare, and social interactions.

      Gender equality aims to eliminate discrimination and bias based on gender, promoting a society where individuals can fully participate and contribute regardless of their gender identity or expression. This includes challenging traditional gender roles and stereotypes that may limit or constrain individuals based on societal expectations associated with their gender.

      Gender equality is important for several reasons:

      Human rights: Gender equality is a fundamental human right. It ensures that all individuals, regardless of their gender, have equal access to opportunities, resources, and rights. Upholding gender equality aligns with principles of fairness, justice, and dignity for all human beings.

      Social justice: Gender equality generates a more just and equitable society. It helps to dismantle systems of oppression and discrimination that marginalize certain genders, leading to a more inclusive and cohesive community where everyone has the chance to thrive.

      Economic development: Gender equality is closely linked to economic development and prosperity. When women and other marginalized genders have equal access to education, employment, and economic opportunities, it can increase productivity, innovation, and overall economic growth. For example, according to research by McKinsey Global Institute (MGI) and by the World Bank (report Women, Business and the Law), closing gender gaps in employment could increase global GDP between $6 and $12 trillion by 2025.

      Health and well-being: Gender equality is essential for promoting health and well-being. It enables individuals to make autonomous decisions about their bodies, health care, and reproductive rights. Additionally, addressing gender-based violence and discrimination can improve mental and physical health outcomes for all individuals.

      Education: Gender equality in education ensures that all children, regardless of gender, have equal access to quality education. This not only benefits individuals by expanding their opportunities but also contributes to broader societal development and progress.

      Peace and security: Research suggests that societies with greater gender equality tend to be more peaceful and secure. Empowering women and promoting gender equality can contribute to conflict prevention and resolution, as well as post-conflict reconstruction efforts.

      Innovation and creativity: Gender diversity pushes innovation and creativity. When individuals of different genders have equal opportunities to participate in decision-making processes and contribute their perspectives, it leads to more innovative solutions to societal challenges.

      Overall, gender equality is important for creating a fairer, more prosperous, and sustainable world where everyone has the opportunity to fulfill their potential and live free from discrimination and oppression. Striving for greater equality benefits everyone. It's not about women gaining at the expense of men, but about making significant strides towards constructing a better society for all its inhabitants.

      Overall, the target audience of this work may encompass a diverse range of stakeholders interested in understanding gender disparity and its impact on corporate performance from academic, practical, policy, and societal perspectives.

      Academic community: This includes professors, researchers, and students in fields such as finance, economics, gender studies, business administration, and related disciplines. This thesis could contribute to academic knowledge by providing insights into the impact of gender diversity on corporate performance.

      Banking industry professionals: Bank executives, managers, and employees may be interested in understanding the potential benefits of gender diversity in banking and its implications for corporate performance. The research findings could inform policies and practices aimed at promoting gender equality and improving business outcomes within banking organizations.

      Policy makers and regulators: Government officials, policymakers, and regulatory agencies involved in overseeing various sectors, particularly the banking sector, may be interested in research that explores the relationship between gender diversity and corporate performance. The findings could inform discussions and decisions related to diversity initiatives, corporate governance, and regulatory frameworks.

      Investors and financial institutions: Investors, shareholders, and financial institutions may be interested in understanding how gender diversity can impact financial performance and investment decisions. This thesis could provide valuable insights for stakeholders concerned with maximizing returns and managing risks in various sectors, particularly in the banking sector.

      Advocacy groups and NGOs: Organizations advocating for gender equality and women's rights may find the research relevant for promoting diversity and inclusion. The findings could support advocacy campaigns, initiatives, and policy recommendations aimed at advancing gender equality in corporate settings.

      General public: Individuals interested in gender issues, corporate governance, and business performance may also constitute part of the target audience. This thesis could contribute to raising awareness and promoting discussions about the importance of gender diversity in business and its broader implications for society.

      Chapter 1 - An International Overview

      In analysing the situation regarding gender equality, analyses from various sources will be taken into consideration: indeed, it is essential to have multiple diverse sources to better understand the situation. This chapter aims to provide a comprehensive overview of gender equality on an international level, examining the progress and challenges faced by different countries. By drawing on reports, studies, and statistical data

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