Marsh played host to BBC journalist Victoria Derbyshire as panel moderator for an event called “Mind the Diversity Gap” with keynote speaker Lloyd’s Chair Bruce Carnegie-Brown.
Bruce reflected on the Gender Pay Gap commenting how the market is ‘working not only to bridge the diversity gap but to close it, working together to hasten the change to inspire the young and the bright to choose insurance careers’.
Victoria Derbyshire spoke of her own experiences at the BBC around the publication of the Gender Pay Gap and the resentment it initially created among colleagues when it was revealed that only two of the 10 highest earners were women and that the Gender Pay Gap figure revealed that men earned an average of 9.3% more than their female counterparts. She pointed out that despite initiatives and consultations internally at the BBC to improve gender diversity, she is still one of only five women presenters with their own shows as most women still support rather than lead in the talent line-up. Her conclusion was that if employers treat people fairly and mirror the audiences they serve in the workforce make-up, they can expect happier and more loyal staff.
The event’s three panellists were Emma Brown, Deputy Director, Ministry of Housing, Communities and Local Government; Jim Bichard, UK Insurance Leader, PwC; and Chris Lay, CEO UK & Ireland, Marsh. Chris spoke about building female talent pipelines, citing some key stats that 72% of the most recent nominations for new MDs at Marsh were women, with 67% going on to be appointed.
The panel conclusions included advice to stop and think for 15 to 30 seconds on key decisions reflecting, “Does it feel right?”, pausing to break the cycle of old behaviours and make conscious choices that will advance gender equality. Jim summed it up succinctly: “I use behavioural nudges, asking myself what can I do differently, forcing a pause to break the cycle of biases.”