Women account for less than a third of FTSE 100 CIOs

The quantity of ladies in CIO positions in FTSE 100 corporations totalled 25 in 2022, solely 10 extra than in 2018, in line with analysis by Frank Recruitment Group.

When analysing information from a number of sources, Frank Recruitment Group discovered ladies account for solely 27% of CIO positions within the FTSE in 2022, with Frank Recruitment Group calling the rise over the previous 5 years a “drop in the ocean”.

Zoë Morris, president of Frank Recruitment Group, claimed that whereas consciousness of the significance of variety has grown, there’s nonetheless a lengthy technique to go.

She stated: “These conversations have led to extra efforts centered on growing illustration and visibility. But whereas consciousness is a key ingredient in relation to making ready for change, progress has remained gradual by extra tangible metrics. Looking at feminine tech leaders at FTSE 100 corporations, some of the largest and most influential companies, ladies made up less than a third of CIOs final yr.

“Numerically, this added up to just 10 more women in those roles than there had been in 2018. It’s a similar picture if you look at the Fortune 500, which we’ve also done. Reaching gender equality isn’t something we can achieve with discussion alone – it’s going to require intentional, sustained and practical action.”

The lack of variety in UK know-how shouldn’t be a new matter, and regardless of efforts made to shift the dial, the quantity of ladies in tech positions within the UK hasn’t modified a lot up to now 5 years.

BCS analysis in 2020 discovered that ladies solely accounted for 17% of IT specialists within the UK, and whereas ladies now make up 15% of digital leaderships positions, a progress of 2% yr on yr (YoY), the present tempo of change would imply it is going to take till 2060 for gender participation in tech to achieve 50-50.

Frank Recruitment Group discovered that in all professions within the UK, solely 8% of ladies within the UK are in positions equivalent to director, supervisor or senior official, versus 13% of males.

Breaking this down additional, some of the info checked out by Frank Recruitment Group urged an upward shift within the proportion of ladies in management positions in FTSE 100 corporations, with ladies making up 15% of greater degree positions in 2012, growing to 34.5% in 2020.

When it involves the highest tech positions, over the previous 5 years, 42 ladies within the FTSE 100 had been in CIO positions in some unspecified time in the future, versus 138 males – in 2022, that amounted to simply 25 ladies, solely 10 extra than in 2018.

For Fortune 500 corporations, ladies make up round 19% of individuals in a CIO place.

Women had been additionally less probably than males to carry the place for an prolonged interval of time – the typical time for a CIO to carry the function is three years for male CIOs, whereas the typical length for a feminine CIO is 2 years.

When it involves holding the CIO function longer, between 2018 and 2022 solely 4 ladies held a CIO function for 5 years or extra versus 37 males.

The lack of ladies in greater up roles, in addition to the shorter than common tenure, could possibly be right down to many components, however there are extra limitations in the way in which of late profession for ladies than there are for males. A current authorities survey urged round 75,000 individuals with STEM abilities wish to return to work however are at present “economically inactive” and have been for not less than a yr as a result of care duties, a majority of whom are ladies.

Mentorship, a extra various hiring course of, and assist for present feminine staff to advance throughout the enterprise had been just a few of the ideas made by Frank Recruitment Group to assist deal with the difficulty.

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