Senior Leaders at Mansion House | Progress Together | Focusivity~Valerie

Progress Together ~ #Performancenotpriviledge

Last week at Mansion House, I joined leaders from across the UK’s financial services sectors who had gathered to explore a question that sits at the heart of our country’s long-term economic strength:

Who gets ahead…and why?

It was hosted by Lady Mayor Dame Susan Langley alongside  the City of London Corporation, Progress Together and the Social Mobility Commission.

The “Unlocking Potential: Driving UK FPS Performance and Productivity” event highlighted a challenge many still underestimate i.e. that certain socio-economic backgrounds remain the strongest predictor of who reaches senior leadership in the UK’s FPS sector.

Some key findings were eye-opening: 

📉 Lower-socio-economic employees take 16% longer to progress. 

📉 More than half of firms have no senior ethnic-minority leaders from lower socio-economic backgrounds. 

📉 London, still the least socio-economically diverse region, dominates access to top roles.

As Kwaku Kyei-Manu said so powerfully in his keynote address: “Representation isn’t charity. It’s a productivity multiplier.”

Talent exists everywhere but opportunity does not. Unless that gap is fixed, we risk losing brilliant people and the innovation our industry needs.

If your organisation wants to take action, choose #PerformanceNotPrivilege and build an industry where everyone with ability can thrive.

Note my other post on Linkedin ~ https://www.linkedin.com/posts/valerielothianinternettraffic_whogetsahead-performancenotprivilege-activity-7397531536394432512-xVQK

 #WhoGetsAhead   #SocialMobility   #Inclusion   #FutureOfWork   #Leadership   #ProgressTogether