‘Scotland needs to hire more financial services experts from abroad to boost diversity’

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The Scottish financial services industry needs to recruit more women from overseas if it hopes to achieve greater gender diversity, according to analysis published by recruitment company Core-Asset Consulting.

In its Salary Guide 2016, Core-Asset’s annual benchmarking tool for financial sector professionals in Scotland, the recruiter argues that all stakeholders within the financial sector have to develop a more international outlook when it comes to recruitment. It says this will not only provide companies with the requisite skills and experience to be successful on the global stage, it will also help balance the ratio of male to female workers.

Betsy Williamson, Managing Director of Core-Asset Consulting, said: “A major theme this year will be the drive for globalisation – or at least internationalisation – on the part of many companies within Scotland’s financial sector. But perhaps the most important challenge for the industry, and the recruitment partners which support it, will be more societal than economic – namely a commitment to increasing gender diversity.

“Although, at first glance, quite separate challenges, international expansion and gender diversity are inextricably linked. A more progressive workplace culture and regulatory framework will attract high-calibre female candidates to Scotland, while access to an enlarged talent pool of female professionals will support gender diversity targets.

“There is little doubt that more has to be done domestically if we are to achieve true gender diversity in the Scottish financial sector. This includes increasing shared paternity benefits, introducing greater flexibility working and offering more integrated childcare provision to working mothers and fathers. However, it is unlikely these measures alone will be enough.”

She added that Scotland’s small and relatively static population has created a need for concerted efforts to attract talent to Scotland.


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