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Number of gay City workers increases

The City of London is employing more gay and lesbian people than ever, according to research from recruitment consultancy Joslin Rowe Associates and Origin HR.

The study found that 6.3 per cent – or 55,000 – of the 900,000 employees working in the City are gay, a rise of 0.4 per cent from two years ago.

But Joslin Rowe says the City still has progress to make, with room for another 35,000 gay or lesbian employees before it matches the mix in London’s general population.

Managing director Tara Ricks says: “Traditionally, the City was perceived as white, heterosexual and male, which put off gay and lesbian applicants. Times have changed and diversity is now a major watchword. The City knows it must attract the best talent from all walks of life and from around the world. Many firms now actively target gay undergraduates.”

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

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