State Street denies bank staff must get special approval to hire white men November 7, 2021 Investment bank State Street tonight forced to push back against reports it will insist managers get special approval to hire white men over female or minority candidates. The bank wants to triple the number of black, Asian and other minority staff in senior roles by 2023 and has mandated lower bonuses for execs if they do not hit [...]
Kudzai Zendera CA: ‘I’m proud of my heritage, my uniqueness and my willingness to stand up for what I believe in’ October 29, 2021 | City Talk Kudzai Zendera CA discusses racial equality in the workplace and what he is ‘Proud to Be’. What was life like growing up for you? I was born and raised in London, but moved to Zimbabwe at the age of 12, along with my two brothers. The move was in part for us to understand the [...]
Over 70 per cent of black City workers have suffered discrimination at work October 28, 2021 More than half of the UK’s black financial services professionals don’t believe they have equal opportunities at work and more than 70 per cent say they have experienced discrimination at work, according to a new survey that reveals just how far the City has to go in terms of workplace equality. The detailed survey of [...]
Culture of silence: One in four women in financial services want to leave work due to menopause October 18, 2021 Pervasive taboos, a “culture of silence” in the workplace, and the impact of the physical symptoms of the menopause are all contributing to a blockage in the retention and leadership pipeline of women in financial services, according to new research. For a quarter (25 per cent) of women working in the UK’s financial services industry [...]
Flexible working more important than salary for three in four professionals October 13, 2021 Flexible working has overtaken salary as the top benefit to employees, highlighting that flexibility and autonomy over the working day is now more important than financial reward for most workers. Three quarters of respondents of a new survey believe that in the future having an office space will be considered an employee benefit as opposed [...]
Two in three UK women say bias and discrimination hold them back from finding work October 8, 2021 A large majority of women across the UK, namely two in three women, believe that bias and discrimination hold them back from finding work, according to new research, shared with City A.M. this morning. More than two in five women worry that their gender is a barrier to finding a new job and 30 per [...]
Norway poised for historic first female as its central bank chief August 27, 2021 Norway may appoint a female as its central bank chief for the first time ever, after governor Oystein Olsen announced on Thursday that he will step down in February 2022. Deputy governor Ida Wolden Bache is in a prime position to succeed Olsen in running monetary policy in the wealthiest Nordic economy, Nordea bank economist [...]
AJ Bell boosts management and appoints fourth woman to board August 18, 2021 Investment giant AJ Bell has shaken up its management to reflect its growth plans, adding two new leadership roles and the fourth woman to a board that has previously received criticism for its lack of progress on gender diversity. The investment platform, whose total assets under administration swelled to £70.4bn in the second quarter, today announced [...]
Pandemic stretches gender pension gap to nearly £200,000 August 11, 2021 Women’s retirement prospects and savings have been dragged down by the pandemic much more than men’s, widening the gap between their pensions pots by almost £200,000. On average, the difference between the average pensions of women and men aged over 55 widened to £184,000 in in the last year – up £26,000 on 2020, according [...]
John Lewis and Pret named and shamed for failing to pay minimum wage August 5, 2021 The government has named and shamed some 191 employers, including John Lewis, Pret A Manger and The Body Shop, for paying workers under the national minimum wage. Investigations by Her Majesty’s Revenue and Customs found that employers owed a total of £2.1m to over 34,000 workers who were underpaid between 2011 and 2018. Named employers [...]