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Latest News

City still dominated by ‘macho’ work culture

by Personnel Today 18 Jun 2001
by Personnel Today 18 Jun 2001

The City of London continues to be dominated by a ‘macho’
long hours work culture according to research.

A study by Parents at Work, Opportunity Now and the City Parents
@ Work Group, reveals that despite the widespread availability of work-life
balance policies among City employers, those who choose to take them up are
penalised.

Researchers were told in discussions with middle and senior
managers from City organisations that requests for flexibility are typically
interpreted as showing a lack of commitment to careers and employers.

The research, supported by PricewaterhouseCoopers, Goldman
Sachs and Simmons and Simmons, also shows that while City employers appear keen
to address the changing expectations of young entrants to the job market,
little attention is being paid to the needs of more senior City workers.

Howard Davies, chairman of the Financial Services Authority
and patron of Parents at Work, said, “City firms cannot afford to alienate the
people they have. They cannot afford a working culture which causes employees
with a family or caring responsibilities to rush for the door. Quality of working
life is forcing its way on to the City agenda as a critical business issue.”

www.parentsatwork.org.uk

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Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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