11.8 C
Manchester
Friday, June 21, 2024
BusinessPayrow Leads the Way in Gender Diversity with 30% Female Workforce in...

Payrow Leads the Way in Gender Diversity with 30% Female Workforce in Fintech

Despite being known for its innovation and rapid advancements, the global Fintech industry faces gender diversity challenges, with only 26% of the workforce being women. In response, UK-based Fintech firm Payrow is actively addressing this gender disparity.

Recent research titled “Transforming UK Fintech: Overcoming Barriers to Female Advancement,” conducted collaboratively by EY and Innovate Finance, highlighted challenges faced by women in Fintech, including feeling undervalued (27%) and citing unclear advancement opportunities (25%).

Payrow is committed to gender diversity and reports that 30% of its team comprises women. The company emphasises that a diverse team, which includes individuals of varying ages and genders, brings diverse perspectives, enhances problem-solving, and strengthens team cohesion. Payrow follows unbiased hiring practices, hiring individuals based solely on their expertise and values.

To address the low number of female applicants in the Fintech sector, Payrow suggests implementing conscious efforts to ensure balanced intake, including women-only shortlists. It also advocates for transparent pay scales and the use of technology to further gender diversity. Encouraging diversity not only fosters innovation but also creates a positive work environment.

Promoting female presence in Fintech requires a comprehensive strategy, including setting clear gender diversity goals, introducing mentorship initiatives, ensuring unbiased recruitment processes, offering flexible work options, and cultivating an inclusive work environment.

As the Fintech sector evolves, Payrow emphasises the importance of focusing on future implications of gender diversity. Beyond promoting STEM fields for women, the rise of AI and the growing importance of emotional intelligence in business may reshape the skill set required, potentially improving gender parity.

Addressing stereotypes and promoting female tech leaders is crucial. Recognising industry trends and opportunities for women is key to achieving a balanced Fintech sector. Gender diversity enriches the talent pool and enhances a company’s appeal.

Sam Allcock
Sam Allcock
With over 20 years of experience in the field SEO and digital marketing, Sam Allcock is a highly regarded entrepreneur. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.
Latest

Ecuador v Venezuela: Betting preview, odds and offers

Ecuador take on Venezuela this coming Saturday in a Copa America match. Here is our in-depth preview, as well as some betting tips and special offers.

Peru v Chile: Betting preview, odds and offers

Peru take on Chile on Saturday in a Copa America match. Here is our in-depth preview, as well as some betting tips and special offers.

Belgium v Romania: Betting preview, odds and offers

Belgium take on Romania on Saturday in a European Championship match. Here is our in-depth preview, as well as some betting tips and special offers.

Turkey v Portugal: Betting preview, odds and offers

Turkey take on Portugal on Saturday in a European Championship match. Here is our in-depth preview, as well as some betting tips and special offers.
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Austria v France: Betting preview, odds and offers

Austria take on France this coming Monday in a European Championship match. Here is our in-depth preview, as well as some betting tips and special offers.

Germany v Hungary: Betting preview, odds and offers

Germany take on Hungary on Wednesday in a European Championship match. Here is our in-depth preview, as well as some betting tips and special offers.

Turkey v Portugal: Betting preview, odds and offers

Turkey take on Portugal on Saturday in a European Championship match. Here is our in-depth preview, as well as some betting tips and special offers.

Serbia v England: Betting preview, odds and offers

Serbia take on England on Sunday in a European Championship match. Here is our in-depth preview, as well as some betting tips and special offers.

More News