Ruebik and OBV research finds that Black workers in financial firms face 'Impenetrable glass ceiling'

in


Recruitment specialist Ruebik supported by Operation Black Vote, have undertaken research highlighting the continued barriers which exist within UK City firms. The research pinpoints chronic underrepresentation within these firms as it found that not a single financial company in the FTSE100 featured a black executive director.

This suggests the existence of what increasingly appears to be an ‘impenetrable glass ceiling’ which is holding black professionals back from taking leading roles within the nation's biggest financial institutions.

The new research finds that in addition to none of these firms having a black executive director, of their collective 259 board members, only five are black, demonstrating the continued absence of black professionals from positions of influence within the financial sector.

In comparison to the US, the problem in the UK is significantly worse with Black people in the UK being more than five-times less likely to be represented on these boards.

Christina Brooks, CEO of Ruebik commented the following on their findings:

At a time when businesses are looking to "build back better", it is imperative to success that all top talent is progressed and nurtured. Our findings prove that Black talent is not currently awarded this treatment and in order to put our best foot forward during recovery, we can no longer excuse this troubling oversight."

The research is released within the context of a number of firms pledging to play their role in eliminating the barriers seeing the growth of black talent obstructed due to systemic forces. If the new research from Ruebik and OBV has highlighted anything, it is that if the agenda to accelerate change is true and authentic, black people must have a place at the highest tables.

Mayowa Ayodele

.....................................................................................................................


A call to action...

For 24 years OBV have fought to ensure black and minority ethnic participation and representation in civic society. Efforts in continuing to do so though, relies on your help. That way we can continue this fight for greater race equality. What would give us a tremendous boost is if today, you made that small donation yourselves, but even more importantly if you encouraged others to do likewise.

4000
3000