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The Co-operative Bank*
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Social Responsibility |  Indicators |  Partnership Report 2001 |  Our Performance |  Home
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Introduction
Ethical Policy
Finance: Ethical and Ecological Screening
Suppliers: Ethical and Ecological Screening
Suppliers: Attitudes Towards the Bank's Ethical and Ecological Policies
Finance: Tailored Ethical Products and Services
Staff: Equal
Opportunities >>

Customers: Equal Opportunities
Health and Safety
Community

Delivering Value
Ecological Sustainability

Financial Statements 2001

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Social Responsibility : Staff: Equal Opportunities
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equal opportunities
  1. Staff: Equal Opportunities
Staff Communities Society
  1. Finalise and implement a recruitment and selection toolkit that supports the equal opportunities policy and which enables a consistent approach to be adopted across the bank. TARGET ACHIEVED Target Achieved
  2. Having increased the number of staff from an ethnic minority within the Internet bank smile, expand the best practice from that initiative to future major recruitment campaigns. ACCEPTABLE PROGRESS Acceptable Progress
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performance
Percentage of Women Within Different 'Organisational Levels'
  1. Brackets show total number of staff within each 'organisational level' (Excludes staff on maternity leave or career break and all staff on relief contracts)
Employees Idenfifying Themselves as of Ethnic Minority Origin
Benchmark (cf. 5.9% national economically active ethnic minority population, Labour Force Survey, Spring 2001)
Composition of Workforce by Age
* Up to 35 years   * 36 to 45 years   * 46 years plus
Employees Declaring a Disability
Number of Employees
Reasonable Adjustments Reported
Number of Employees
commentary
New initiatives To reinforce the bank's equal opportunities, dignity at work and family friendly policiesi, the following initiatives were undertaken during 2001:
  • The bank produced a comprehensive recruitment and selection toolkit to integrate equal opportunities into all recruitment and selection processes. The toolkit is being piloted in key business areas.
  • The Personal Branch Network piloted an exit interview process and subsequently interviews are now conducted with all individuals leaving the Personal Branch Network. This information will be used to monitor gender and ethnicity trends and will enable the bank to review its procedures and benefits.
Gender 62.6% of staff are women Benchmark (cf. 44.6% of the general workforce - Labour Force Survey, Autumn 2001). The bank has been benchmarked by Opportunity Now and has been rated as silver standard in their 2001/02 study (which is in line with the financial services sector average). The number of female managers continues to increase, particularly within the 'Delivering Business Plans' level. During 2001, 100 bank staff participated in an Opportunity Now survey regarding the aspirations of women in non-managerial positions. The results will be published on their websiteii later in 2002.

Ethnic minorities The number of staff who consider themselves to be from an ethnic minority has remained constant at 2.5% during 2001. This is considered unsatisfactory and contrasts with a background of small improvements in each of the last three years. During 2001, individual business areas have undertaken initiatives to improve their workforce representation, working with the Employment Service, local community groups, Race for Opportunityiii and by using targeted media for advertising, e.g. ethnic minority press and websites. To date, these initiatives have had limited success. For example, the Personal Branch Network placed advertisements for Personal Advisers in five ethnic minority papers in the London area. These papers have a combined readership of over 500,000 people in South Asian and African-Caribbean Communities. Despite this wide coverage, only ten enquiries resulted from the advertisements. The bank is currently holding focus groups with its ethnic minority staff to explore why it is finding it so difficult to attract applications from the ethnic minority population, and is consulting specialist advisers on the subject. Some areas of the bank are more representative of the local community. For example, 7.4% of staff within smile are from an ethnic minority.

Disability The number of staff informing the bank of a disability has increased from 24 last year to 36. This can be attributed to current staff declaring disabilities for the first time, in response to the circulation of Personal Information forms and to individual business areas actively encouraging applications from disabled candidates. During 2001, smile, in partnership with the Northwest Disability Service, held several disability events and organised work placements which resulted in disabled individuals applying for permanent positions. The reporting of numbers of 'reasonable adjustments' continues to be an additional valuable measure of actual disability within the bank. 55 new reasonable adjustments (cf. 54 in 2000) were reported during 2001 and included changes to equipment and to working patterns.

Age The bank continues to work closely with the Employers Forum on Ageiv, a national campaign that promotes age diversity. Benchmark The decrease in the percentage of bank staff under 35 is in line with the Labour Force Survey statistics which show a decrease in the under 35 workforce (from 40% in 2000 to 39% in 2001 - Labour Force Survey, Autumn 2000 and Autumn 2001).
Positive about Disabled People
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new targets
  1. Commission Race for Opportunity to undertake an independent review of all programmes and initiatives relating to the recruitment and retention of ethnic minorities.
  2. Establish an Ethnic Minorities Employment Steering Group with senior management representation from across the bank, chaired by an Executive Director.

    Ken Lewis, Executive Director, Resources

  3. Complete the distribution of Personal Information forms to all staff to ensure all personal details are accurate.

    Jan Lomas, Human Resources Business Relationships Manager

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The above data and commentary has been audited by ethics etc...