Originally published: March 28, 2017
Despite an increased focus on diversity in recruitment, progress for the Financial Services (FS) industry has been slow, with only around a third of FS organisations seeing a rise in female applicants as a result of their specific diverse recruitment practices.
These are some of the findings of a new PwC report, Gaining an edge in the competition for talent: Inclusive recruitment in financial services survey 2017. The report is based on a survey of 276 employees working for various organisations across the FS industry, and employer representatives from 55 different FS organisations.
The report finds that 91% percent of FS employers have established a diversity & inclusion strategy, putting them ahead of the average for all sectors (81%). And over three-quarters (76%) have aligned their recruitment and selection strategy with their diversity and inclusion strategy. At the same time, more than three quarters of FS employers (76%) are actively trying to attract women – significantly more than the average percentage for all sectors – and over half (51%) are seeking to attract more people from other underrepresented groups.