The Professional Diversity Network, Inc. recently released its September Diversity Jobs Report (DJR) and Diversity Jobs Index (DJI.) The new report examines the diversity employment situation in Financial Services while exploring the benefits of employing more women, particularly in leadership positions.
The September DJR found that women and minorities are generally well represented in the Financial Services industry and tend to represent positions across almost all occupations. Yet, the data revealed that white males overwhelmingly hold management positions at the highest pay grades. The DJR said that the income disparity at higher levels cannot be explained by employees’ educational levels.
Additional highlights include:
- The unemployment rate for diverse Americans increased from 6.42 percent to 6.69 percent.
- August 2014 showed a DJI of 50.17, which indicates a 1.51 percent increase in demand for diverse talent as compared to July 2014.
- In the financial services industry, women who are 40 years of age or younger, on average, earn salaries that are 44 percent less than their male counterparts’ income.
- Women who are age 30 or younger, mostly in entry to mid-level jobs, make 40 percent less than men, which is nearly $30,000 per year.
To view the complete report, visit here.