The WEALTHTECH Book by Susanne Chishti & Thomas Puschmann

Author:Susanne Chishti & Thomas Puschmann
Language: eng
Format: epub
ISBN: 9781119362227
Publisher: Wiley
Published: 2018-04-14T00:00:00+00:00

Setting New Standards for Gender Equality

In addition to measuring how well firms are progressing towards gender equality, the BFGEI can help identify potential factors contributing to an organization’s success. Its holistic nature – offering insights into previously opaque areas like the prevalence of mandatory diverse candidate slates or the percentage of women among a firm’s highest compensated group of employees – helps investors and the firms themselves measure progress, examine potential correlations between these unique sets of information and draw comparisons against peers.

By featuring firms with a demonstrated commitment to gender equality, the index is helping to set a new standard for the industry and beyond, encouraging companies to re-evaluate their own policies and practices. Over the course of a year, one firm included as a member of both the 2016 and 2017 BFGEI began requiring unconscious bias training for all managers, started covering fertility services and implemented a supplier-diversity programme including women-owned business. Another member firm increased its maternity leave by four weeks, extended paternity leave by seven weeks and started offering return-to-work programmes for new mothers. And in perhaps the most tangible sign of progress, Bloomberg’s 2016 inaugural BFGEI member firms collectively increased the average number of women across all levels of leadership between FY 2014 and FY 2015.

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