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Women find financial sector employment doesn't pay

09-21-2010 14:22 BJT

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The financial sector has always been a difficult industry for women, with long hours, high stress and family sacrifice. And recent research shows female employees are taking a stand - by voting with their feet.

The U.S. Bureau of Labor Statistics says the female employment rate in the finance sector dropped 2.6 percent over the past 10 years, with over 140 thousand women tendering their resignations. That's despite an overall national increase in female employees, up 4.1 percent in the same period. In contrast, the finance industry is attracting more male candidates - a hike of almost 10 percent.

Out of the reasons given for the high attrition rate in female finance workers, intense competition comes out top. It's harder to get a foot in the door - tough economic times mean redundancies, and fewer opportunities in the sector.

Women say they still receive less opportunities for promotion compared to their male colleagues. Currently, women make up only 17 percent of management roles in U.S. banking and finance firms.

And taking into account the mandatory long hours, high stress and time away from family - more and more women are finding finance just doesn't pay.

Editor:Xiong Qu |Source: CNTV.CN

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