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Barclays: Workforce Diversity and Inclusion in 2021

  • In 2021, Barclays reported 45% women participation in its workforce, which decreased by 1 percentage point over 2020
  • In 2021, the representation of Asian employees of Barclays was 42.1%, an increase of 3.1 percentage points over 2020
  • Barclays aims to increase the proportion of women in senior positions to 33% by 2025

Diversity, equity, and inclusivity (DEI) in an organisation help bring unique perspectives and ideas to create more innovative, productive, and resilient enterprises. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.

Over the past three decades, the gender gap in organisations has narrowed, attributed to labour mobility worldwide. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.

Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.

Barclays Plc (Barclays) is a global financial services provider offering personal and business banking, wholesale and commercial banking, and private and investment banking solutions to individuals, SMEs, corporates, and high-net-worth clients.  In 2021, the company reported 45% women participation in its workforce, a decrease of 1 percentage point over 2020. Representation of women in the company at the senior management level increased to 28% by 2 percentage points over 2020.

In 2021, the representation of Asian employees of Barclays was 42.1% which increased by 3.1 percentage points from 2020. Black and Hispanic & Latino employees represented 3.1% and 1.1% of the workforce, respectively.

Barclays has set a target to achieve 33% women representation in senior leadership roles by the end of 2025.

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