Key Takeaways
- Progress in Gender Diversity: The study reveals a gradual increase in the number of women occupying treasury roles, with over 32% of respondents reporting a more balanced gender representation. However, there’s still a significant gap to bridge, especially in senior positions.
- Challenges and Barriers: Despite progress, gender diversity remains a concern, particularly in senior positions and finance. Only a small percentage of organizations have female CFOs and diverse corporate boards. Breaking barriers and closing gaps require ongoing efforts to address inclusion, work-life balance, and mentorship.
- Mentorship and Sponsorship: The study emphasizes the importance of mentorship and sponsorship in supporting women’s career growth. Over 80% of respondents have mentors, highlighting the value of guidance and support in navigating the corporate world. Encouraging these relationships can contribute to closing the gender gap.
In the dynamic world of corporate treasury, where financial strategies shape organizations’ destinies, the role of women has been gaining well-deserved recognition. The Women in Treasury Global Study 2017 sheds light on the progress, challenges, and opportunities in achieving gender diversity in this influential domain.
Progress and Promise: A Changing Landscape
The study reveals a gradual but steady increase in the number of women occupying treasury roles. Over 32% of respondents reported that 31-50% of their colleagues are women, indicating a shift towards a more balanced gender representation. This progress is encouraging, yet there’s still much ground to cover.
Persistent Challenges: Breaking Barriers and Closing Gaps
Despite the strides made, gender diversity remains a concern, particularly in senior positions and finance. Only 41.3% of respondents believe their organization employs many women in senior positions, and a mere 17% have a female CFO. The corporate boards of directors also lack diversity, with only 20.3% reporting diversity in terms of age, gender, and ethnicity.
Mentorship and Sponsorship: Pillars of Success
The study highlights the crucial role of mentorship and sponsorship in fostering women’s career growth. Over 80% of respondents reported having a mentor, and 71% believe in their significance. These relationships provide invaluable guidance, support, and opportunities for women to navigate the complexities of the corporate world.
Actions for Advancement: Closing the Gender Gap
To accelerate progress towards gender equality in treasury, continuous dialogue about diversity and inclusion is essential. Implementing diversity strategies that address inclusion, work-life balance, and mentoring can help close the gender gap. Companies should prioritize diversity, including gender diversity, as they grow.
Bonus: Breaking Stereotypes and Inspiring Change
The journey towards gender equality in treasury is paved with challenges, but it’s also a journey of inspiration and transformation. Women in leadership roles are breaking stereotypes, serving as role models, and paving the way for future generations. Their stories are a testament to resilience, determination, and the power of diversity.
In conclusion, the Women in Treasury Global Study 2017 provides valuable insights into the progress and challenges in achieving gender diversity in the treasury domain. By fostering open conversations, implementing effective diversity strategies, and prioritizing diversity, organizations can create a more inclusive environment where women can thrive and contribute their unique perspectives to the financial success of their companies.
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