The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
The Bank of England is piloting anonymous job applications to promote diversity. The more than three-century old central bank only appointed its first female senior official in 1988, according to a speech by Chief Operating Officer Joanna Place at an event in London. It’s one of a handful of new measures to boost the proportion of women at that level to 35 percent by 2020, from
30 percent currently, and reduce a 21 percent median gender-pay gap.
Recruiters at the BOE are looking to mitigate any unconscious bias in the hiring process with the new trial, which will remove all personal information — such as age and interests — from applications but leave some job history and education details.
The trial comes after Transport for London announced it was introducing similar steps to help eradicate its own gender pay gap. This year around 9,000 UK firms and organizations are, for the first time, legally required to report the difference in average pay between their male and female workers.
Place also said that the BOE will unveil a new program next month to encourage the return of any professionals who have been out of work for a period of time. It will offer a paid six-month placement starting in September with the possibility of a full-time role afterward.