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The outbreak of COVID-19 has brought to the forefront ongoing issues stemming from gender inequality. At a global level, the employment loss for women stands at 5.0 per cent in 2020, versus 3.9 per cent for men. It is an alarming gap that people in the community should stand up for gender equality which not only brings businesses the commercial benefits, but also improves the life satisfaction of residents – both men and female – in the society.
Many businesses around the world have been actively driving gender equality through building up a diverse workforce and adopting an open and equitable framework including pay equity. Nonetheless, data shows that gender equity still was not a priority for 70 per cent of businesses worldwide.
As a leading bank in Asia, UOB is committed to being an equal opportunity employer. The Bank has in place a meritocratic performance-based talent recruitment and management framework to ensure that roles are given to the most suitable candidate, regardless of gender.
At latest count, women make up almost 62 per cent of UOB’s 26,000-strong workforce. They hold 35 per cent and 52 per cent of senior and middle management roles respectively. Of the ten heads of department reporting directly to UOB’s Chief Executive Officer, four are women. Last year, 60 per cent of the promotions earned went to women.
UOB not only strives to create a gender-balanced workforce, but focuses on the fulfilment of its people through professional development. The Bank wants all of its people to succeed in their careers through learning and development opportunities.
