Women the minority in finance sector management

26 Mar 2018 11:20am
WINDHOEK, 26 MAR (NAMPA) – More women than men were employed in Namibia’s financial intermediation sector during the 2016/17 financial year, but very few are in executive and senior management positions.
This is according to the latest statistics released in the Equity Employment Commission (EEC)’s 18th Annual Report for 2016 to 2017, which was tabled in the National Assembly by Minister of Labour, Industrial Relations and Employment Creation Erkki Nghimtina last week.
The report covers the period 01 April 2016 to 31 March 2017.
The sector recorded a total workforce of 10 761 across the country, with 6 592 employees being women and 4 169 men.
The report further said 2 792 people were hired during the period under review. Women constituted the majority of this number, but only five per cent were hired to fill positions at management level.
A total of 208 women held senior management positions compared to men who were 327 in similar positions countrywide during the same period.
Only 24 women compared to 34 men were recruited in senior management positions, whilst two women and three men were recruited for executive director positions countrywide.
Meanwhile, 19 women held executive director positions compared to 51 men in the same positions.
A total of 2 155 women and 1 060 men held senior supervisory, skilled or specialised positions in the sector during the same period.
The report further indicated that the financial intermediation sector registered 957 promotions during 2016 to 2017, with 21 women and 23 men being promoted to senior management positions.
Only one man and one woman got promotions into executive director positions countrywide.
The Employment Equity Commission is responsible for the oversight of the implementation of affirmative action at workplaces. It guides employers to eliminate unfair discrimination and to implement affirmative action measures.