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The Co-operative Bank*
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Social Responsibility |  Indicators |  Partnership Report 2002 |  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
Diversity: Staff >>
Diversity: Customers
Health and Safety
Community

Delivering Value
Ecological Sustainability

Financial Statements 2002

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Social Responsibility : Diversity: Staff
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staff
  1. Gender
  2. Ethnicity
  3. Disability
  4. Age
Staff Staff Communities Society

  • Commission Race for Opportunity to undertake an independent review of all programmes and initiatives relating to the recruitment and retention of ethnic minorities. TARGET ACHIEVEDTarget Achieved
  • Establish an Ethnic Minorities Employment Steering Group with senior management representation from across the bank, chaired by an Executive Director. TARGET ACHIEVEDTarget Achieved
  • Complete the distribution of Personal Information forms to all staff to ensure all personal details are accurate. TARGET ACHIEVED Target Achieved
performance
Disability

Percentage of Women Within Different 'Organisational Levels'
Percentage of Women Within Different 'Organisational Levels'


Gender

Percentage of Women Within Different 'Organisational Levels'


Ethnicity

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)
Age

The graph shows the composition of the bank's workforce by age in percentage terms. 2002: up to 35 years - 48, 36 to 45 years - 30 and 46 years plus - 22. 2001: up to 35 years - 48, 36 to 45 years - 30 and 46 years plus - 22. 2000: up to 35 years - 52, 36 to 45 years - 29 and 46 years plus - 19. Source: Human Resources 2002.
* Up to 35 Years   * 36 to 45 years   * 46 years plus
commentary
Employment policies The bank's equal opportunities, dignity at work and work/life balance policies are detailed on its website.i

Gender The majority of the bank's staff are women (62%). In 2002, the number of female managers continued to increase, particularly within the 'Delivering Business Plans' level. During 2002, the bank introduced 'Growing Performance and Potential' to support the development of future leaders from within the 'Delivering Business Plans' level (Follow this link for the Staff page). 35% of staff identified as having the potential to develop into roles in 'Translating the Strategy' are female (cf. 29% eligible staff). In future years, this programme should lead to an increase in the proportion of female staff at this senior level. During 2002, a 'Women in Management' Steering Group was established in the bank's Corporate and Business Banking Division. This group aims to tackle issues of career progression, which may particularly affect women working in this area of the bank. 44% of the general workforce are women (Labour Force Survey, Autumn 2002). The bank has been benchmarked by Opportunity Now ii and has been rated as Gold standard in their 2002/03 survey (which is in line with the financial services sector average).

Ethnic minorities The number of staff who consider themselves to be from an ethnic minority has increased from 2.5% to 3.5% during 2002. The majority of the improvement in ethnic minority representation is considered to result from the hard work undertaken across much of the bank in recent years. However, a proportion of the increase may also be attributable to the distribution of Personal Information forms, which enabled all staff to update their records in accordance with the ethnic categories in the 2001 Census. Monitoring in accordance with these new categories is recommended by the Commission for Racial Equality iii. For the first time this year, the bank reports on the percentage of ethnic minority staff within each organisational level. Ethnic minority staff are disproportionately represented in 'Implementing Activities'. This may be due to the fact that ethnic minority staff are generally younger. 70% of ethnic minority staff are under 35 compared with 48% of all staff. Some areas of the bank continue to be more representative of the local community. For example, 13% of staff within the bank's Treasury department and 8.2% of staff within smile are from an ethnic minority. During 2002, the bank has introduced two new initiatives to improve workforce representation.
  • 'Project Equal'. Funded by the European Union, this Stockport Metropolitan Borough Council initiative aims to examine and overcome the barriers that 'marginalised' groups may encounter in entering the workforce. The bank and smile are benefiting from the services of a dedicated Senior Employment Officer focusing on ethnicity. The project involves a full review of the bank's recruitment, selection, induction and employment procedures, practices and policies. It aims to understand why the bank has found it difficult to increase the number of staff from ethnic minorities. Through contacts with local black and minority ethnic groups and by exploring any perceived barriers to employment, the project aims to raise the profile of the bank and smile and to attract more applications from ethnic minority populations. All recommendations made by 'Equal' will be evaluated by Race for Opportunity iv to ensure actions are in line with a best practice.
  • Ethnic Minorities Employment Steering Group. Chaired by an Executive Director, and with senior management representation from the bank and smile, this Group first met in July 2002. The initial meeting consisted of a review from Race for Opportunity, which sought to challenge current performance and planned initiatives. During 2002, members participated in 'cultural and religious awareness' training to help them fulfil their roles and responsibilities. Members are also drawn from the Co-operative Group and CIS to ensure that best practice is widely shared.
6.8% of the national economically active population are from ethnic minorities (Labour Force Survey, Spring 2002).

Disability The number of staff informing the bank of a disability has increased from 36 to 48. This can be attributed to current staff declaring disabilities for the first time in response to the circulation of Personal Information forms. All staff were requested to update their records and to declare any disabilities. The bank is a member of the Employers' Forum on Disability v, which provides advice and guidance on the employment of people with disabilities. As a holder of the 'Positive about Disabled People' symbol, the bank has agreed to meet five commitments regarding the recruitment, employment, retention and career development of disabled people. The bank recognises its responsibility for making 'reasonable adjustments' for new staff with disabilities and for those individuals who develop disabilities whilst in employment. To facilitate retention of staff, 69 new 'reasonable adjustments' for 45 people were undertaken during 2002. The vast majority of adjustments are for staff who have developed a requirement for the adjustment whilst working for the bank. Adjustments included changes to equipment and to working patterns. The bank seeks advice from a range of specialist organisations to help accomplish 'reasonable adjustments'. For example, during 2002, advice was sought from AbilityNet vi (IT equipment), Posturite vii (musculoskeletal disorders), Plantronics viii (digital headsets) and Maltron Keyboards ix (specialist keyboards). For more details on the bank's approach to disability follow this link for the Customer section and follow this link for the Community section.

Age The bank currently has a compulsory retirement age of 60 for both men and women. During 2002, the bank piloted a flexible retirement policy, which, with mutual consent, enables staff who wish to remain in employment to continue beyond 60. The pilot is being evaluated and, if appropriate, will be launched throughout the bank in 2003. The bank continues to work with the Employers' Forum on Age x, a national campaign that promotes age diversity. The bank's age profile has remained constant during 2002. Labour Force Survey statistics show a continuing slight decrease in the under 35 workforce (from 39% in 2001 to 38.5% in 2002 - Labour Force Survey, Autumn 2001 and Autumn 2002).
Positive about Disabled People
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new targets
  1. Review the bank's existing Equal Opportunities policy and relaunch as a Diversity policy. In partnership with CIS and JobCentre plus, launch a joint Work Preparation programme for people with disabilities within CIS, The Co-operative Bank and smile.
    Jayne Beer, Partnership Manager/Alison Booth, Human Resources Development Manager
  2. Further develop the flexible retirement policy and, if appropriate, introduce the policy bankwide. Undertake an Equal Pay Review in partnership with staff and UNIFI.
    Tony Britten, Director of Human Resources Services/Alison Booth, Human Resources Development Manager
  3. Develop new staff volunteering opportunities focusing on Diversity.
    Isabel Ponte-Marino, Project Consultant
  4. Gain further insight into the reasons for the under-representation of women in managerial positions within Corporate and Business Banking.
    Debbie Wheeler, Senior Manager, Corporate Treasury Sales
Continue to: Diversity: Customers Back To Top

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

Data, commentary and performance assured in accordance with AA1000as.