As part of its new diversity goals, Citigroup plans to make 3.5 per cent hires from LGBTQ community. Earlier, only 2.1 per cent of the hires were lesbians, gays, bisexuals, transgender and questioning.
Now, the Bank has decided to increase the representation of women in senior levels, including assistant vice president (AVP) and managing director (MD). Presently, only about 40 per cent of women are found in such senior ranks. From now on, the Bank will endeavour to improve this figure and take it to 43.5 per cent by 2025.
Upholding its commitment to diversity, equity and inclusion, it plans to increase the number of Black employees in senior ranks, such as AVP and MD, in North America, as reported by Reuters.
In Brazil and the UK, the Citigroup will try to hire college students from underrepresented communities to further improve its ethnic diversity.
Currently, only 8.1 per cent of the senior positions are held by Blacks. Over the next couple of years, Citi seeks to increase this figure to 11.5 per cent. In the US, it will focus on increasing the representation of Hispanic and Latino employees in senior positions, from AVP to MD, from the current 13.7 per cent to 16.
In early 2020, Citi had improved its leave policy to offer at least 16 weeks of paid maternity leave for birthing parents and four weeks of paid parental leave to employees who were adopting a baby or welcoming a baby via surrogacy, irrespective of gender.