Canadian financial sector promoting DEI

Canadian financial services organizations have made good progress in understanding and adopting Diversity, Equity and Inclusion, or DEI, but there is much to be done, finds a new study:

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Canada-based SaaS platform Divercial, which helps organizations to build inclusive workplace cultures, recently partnered with the Canadian Lenders Association (CLA) to study and understand the current state of Diversity, Equity and Inclusion (DEI) efforts within the Canadian financial services industry. Some of the findings in the survey are illustrative of the mindset of the entrepreneurs and how employees look at these issues. For example, the survey revealed that millennials currently represent the largest share of the working population - estimated to be at 37% globally and 33% in Canada. Likewise, for the first time in history there are 5 generations represented in the workplace in the country. It is also estimated that those born before 1965 (also called the Baby Boomer generation), constituted 20% of the workforce.

FINDINGS ARE POINTERS 

The key findings of the study are:

Growth for people from under-represented groups 

The financial sector has made significant progress when it comes to racial diversity, but there is still more work to be done. It is hoped that there will be growth in representation from people from different backgrounds, particularly in leadership positions.

Female Representation