GAAPweb continues to promote gender equality in finance and accountancy
As the leading job board in accountancy and finance we want to champion the gender balance with recruiters and employers as part of the recruitment process. GAAPweb is proud to be among 350 firms who’ve pledged to improve gender diversity at senior levels by signing up to the Women in Finance Charter - a commitment to gender balance across financial services.
When we signed up to the Charter at its launch in 2016, we had 50% gender diversity within the senior management team of Reach Work (legal entity of GAAPweb). However, following a change in personnel in our senior team, we decided to expand our target of 50% gender diversity to middle management (the leaders of tomorrow) which we’ve achieved during 2019.
Moreover, we will also continue to promote charter membership to our Banking & Financial Services clients who use GAAPweb to recruit their own finance teams. Every year we survey our accountancy and finance audience on salary, career progression and other features of their working lives. Our latest survey revealed that 23% of Finance Directors who took part were female – an increase in female representation compared to 2016’s result (16%), however a slight decline from 2017’s result (24%). Whilst female representation in Finance Director positions has fluctuated YoY, the percentage of women in CFO positions has been declining with a low of 7% from this year’s survey.
Although female representation in senior finance roles is not yet showing a consistent positive movement, the gender pay gap is slowly reducing. In 2018 the pay gap was an average of £17,099 – 1% down on 2017 and 5% down on 2016.
GAAPweb will continue to monitor gender diversity by surveying our audience on an annual basis and publishing the results to increase awareness within the accountancy and financial sector. We will also continue to promote the Women in Finance Charter to our audience of 415,000 experienced and qualified accountancy and finance professionals, as well as our corporate and recruitment consultancy clients.