Gender Inequality Of The Financial Sector - 1498 Words

Gender Inequality in the Financial Sector Inequality based on gender is an ongoing ethical issue that many women still face in the workplace. Gender inequality refers to unfair treatment and perceptions on another person’s gender and tends to happen a lot in many different companies and organizations. These types of inequality can range from women getting paid less then men or women not chosen for high positions in companies such as CEOs. As Hannah Gould points out in her newspaper article, â€Å"We re good at citing examples of women in influential posts, but in reality, women hold only 14% of board seats and 2% of CEO positions in the financial services despite making up 60% of its global workforce.†(Gould, 2014). This type of gender discrimination should be dealt with immediately but has not been tackled upon yet as sufficiently as we have hoped. As more and more laws are produced, the gender pay gap is either staying the same or widening. Also, in some instances, men are being promoted to higher positions in firms and companies where woman are only holding small marginal roles in those firms and companies. â€Å"Men hold 83% of the executive committee positions within top US companies, leaving 11% of women in staff roles and 6% in line roles† (McCullough, 2014). Clearly there is a gender inequality issue here since the most lucrative high-end job positions are still primarily male dominated and especially in the financial sector where women have trouble getting paid equally toShow MoreRelatedThe Negative Impacts Of International Financial Institutions In Africa, Africa991 Words   |  4 Pagesâ€Å"We are wealthy, yet we are poor,† said Wylbur Simuusa, the Minister of Mines in Zambia, Africa (THE WHY, 2013). Africa is rich in abundance of natural resources. The governments of some regions in the country received aids from International financial institutions (IFI) – and the International Monetary Fund (IMF) and the World Bank (WB) – to increase productivi ty and industrial capacities to boost their economic growth faster. However, there has been a huge negative impact on the conditions of localRead MoreGender Inequality : Microfinance, An Empowering Practice?1265 Words   |  6 PagesSection B: Gender Inequality 2.0 Microfinance, an empowering practice? Microfinance, has to some extent improved and strengthened relations amongst women within communities. Microloans provided to women in groups ensures that the economic burden of repayments is one which women no longer have to bear alone but is instead shared, reducing the anxiety and pressure levels felt by women. 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Tobak claims that once you look past the headlines, politicians, and feminists it will be clear that the wage gap is not the result of coercion, dislike, or discrimination but simply a matter of women’s choices. Instead, he attributes the astounding difference in pay to personal choices such as college careers, high paying jobs, and having ch ildren. He also argues that in higher-paid occupations