Media and Communications Manager
16 February 2017
The pipeline funnelling women into leadership in the property industry appears to be blocked, according to the Agency's latest data. Our 2015-16 reporting dataset covers over 15,000 employees in the property industry, with women making up half of this workforce.
This gender balance quickly disappears when you drill further into the data; men occupy 96% of CEO positions and 80% of key management personnel positions in the industry. A lack of women in senior management contributes to a high industry gender pay gap that currently sits at 38%, a staggering 14% higher than the all industries average.
These figures may not come as a surprise to many following the release of a report last year by the Property Male Champions of Change that revealed an entrenched ‘boys' club’ mentality is still prominent in the industry.
The Property Male Champions of Change and EY surveyed over 3,800 employees in 18 property organisations and found that despite men and women in property having the same aspirations for leadership; women are less likely to progress from manager level to senior leadership in the property industry.
Despite this blockage at the top, the Agency’s data does show progress towards gender equality in the industry. In the 2015-16 reporting period, 68% of property employers indicated they have an overall gender equality strategy or policy in place, and more than 59% stated they offer employees access to flexible working arrangements.
Over the next year the Agency is committed to working with the employers to continue this momentum. All organisations in the industry with 100 or more employers are required to annually report to the Agency against a number of key gender equality indicators, and industry progress will continue to be tracked.
If your organisation is required to report, the Agency is holding a number of webinars in the coming weeks to help you prepare for the reporting period. Register to attend a session today.