Please note: this is an external event run by the City of London Corporation on behalf of the Socio-economic Diversity Taskforce. 

The Socio-Economic Diversity Taskforce has teamed up with the Social Mobility Commission to provide a data collection Q&A session, where we will answer frequent questions that employers (on the taskforce and beyond) have about data collection.  

This event is designed to provide information and answer your questions about the need for data collection on socio-economic diversity. 

In this event we will be answering questions about:  

·        Why we need to collect socio-economic diversity data 

·        What the data will show us 

·        How to boost response rates 

·        Why parental occupation at about aged 14 is the chosen determining factor in collecting baseline survey data 

As well as any other questions that you have with regards to data collection.  

To submit any questions anonymously that you have about data collection for this session please use this link: https://app.sli.do/event/rU3rxAehnhii32do6GrTPV

This event is suitable for a range of members and non-members of the Taskforce.  Whilst the taskforce covers organisations within financial and professional services, the event may also be of interest to D&I practitioners and HR/ Recruitment professionals from other sectors interested in building socio-economic inclusion in their workforce and keen to start collecting that data.

HM Treasury and the Department of Business, Energy and Industrial strategy commissioned the City of London Corporation to lead an independent taskforce to boost socio-economic diversity in UK financial and professional services.

Research from the Bridge Group in 2020 found that there is a lack of socio-economic diversity at the top in UK financial and professional services. The research found that progression was often influenced by other attributes that have little to no correlation for job performance. The Bridge group found that 89% of senior level respondents were from a higher socio-economic background, and this when combined with other diversity characteristics such as race, gender and sexuality highlighted multiple layers of inequality. The Bridge Group Report 2020 

The research found that a great focus on equity of progression of socio-economic diversity at senior levels was needed.