In sobering news for female banking professionals in Japan, a new survey indicates overwhelming that starting a family is often a major career roadblock.
According to a survey from Robert Walters, 77 per cent of the respondents believe that motherhood is the death knell for a woman’s career, against just 3 per cent who feel starting a family makes a woman more employable.
“It’s no different in financial services and the issue is that there is a shortage of childcare facilities, which makes it hard for women to return to work,” says John McCrohon, financial services director, Robert Walters.
This situation is compounded by the fact that a career in financial services requires long working hours, while the costs of private day care and/or babysitting are prohibitive. “A lot of people want to return to work, but a lack of facilities makes it very difficult,” he adds.
Many Japanese banks have now recognised the need to encourage female employees to return. “They are looking at offering more flexible working hours, the ability to work from home where possible, while some are offering longer maternity leave arrangements,” says McCrohon.
“It’s also possible that we will see more assistance with childcare – for example the Roppongi Hills Mori Tower has a day care centre in the building.”