Barclays PLC
| Barclays PLC | |
|---|---|
 | |
| Industry | Banking |
| Founded | 1690 |
| Headquarters | London, UK |
| Area Served | Worldwide |
| CEO | Anton Jenkins |
| Chairman | David Walker |
| Products | Retail Banking,Asset Management, Investment Banking |
| Market Value | 63 659,6 m$ |
| Employees | 135,000 (2014) |
| Website | www.barclays.com |
Contents
About Barclays Bank
Barclays bank which has been in existence for over 300 years, serves in over 50 different countries and has around 48 million customers worldwide. This bank not only does it have a presence in each continent but also supports charities across the globe. They have several business divisions that work collaboratively to provide satisfactory and innovative products and services to clients and consumers.
Engagement in Cultural Diplomacy
With a presence in every continent Barclays ensures to support communities all around the world. For example, with the 5 Million Young Futures scheme, they aim to support five million children around the world for the betterment of their future. Their focus for this scheme is to promote of provide enterprise skills, financial skills and employability skills to young people. By working with Non-governmental organisations and experts Barclays Bank they ensure that their aims are met.
Employment Policy
Job applications at Barclays bank is based on merit as the support diversity and inclusion in their workforce globally. Due to this, they hold an internal networks to support employees- these networks are part of a diversity strategy. The network supports diversity; disability, gender, multicultural, multigenerational and LGBT (Lesbian, Gay,Bisexual and Transgender). At Barclays for up to two days in a year (paid leave), employees are encouraged to share their time to volunteer by using their skills to support the communities in which they live and work in. Barclays bank supports their employees by providing a range of development opportunities such as support with gaining professional qualifications. Additionally, those in the early stages of their career are offered structured career progression plans, job rotations and international work placements as well as opportunities to get involved in internships, graduate schemes or MBA programmes. They offer employees other benefits such as share plans, assistance on health programmes which provide free and confidential advice on work or home issues, a private medical insurance offering quick and easy access to treatment when needed, health screening and discounted rates at health clubs.
Education
This firm invested £12.1m in UK community programmes focused on developing the enterprise, employability and financial skills of the next generation. These programmes benefitted over 700,000 young people, enhancing their access to education, training and job opportunities.
International Internship Programs
Barclays offers internship and apprenticeship programmes all around the world. Most interns begin at the `Analyst Level´unless they hold a master´s degree or have a Phd. Internships typically last for ten weeks. For example programmes offered in the African continent are within the business areas of Bancassurance, Corporate and Investment Banking, and Retail and Business Banking. Similarly in the Asian continent besides Japan interns are offered internships within the Investment Banking areas however, unlike the African continent, interns are also offered internships within the business area of Business Functions. In addition to that Off-Cycle Internships,Spring and Summer internships as well as Insight Days and Industrial Placement opportunities are offered to students.
Grants and Scholarships
The Barclays scholarship for DPhil students is offered to students pursuing a graduate degree within the United Kingdom. Additionally, these students must be from the social science division.
Cooperation with Universities
As mention above Barclays corporates with universities via offering scholarships to students. In addition to that the human resources team of Barclays go to university campuses to offer career advice and skills such as interview skills and or what to expect during the job application process of Barclays.
Notable Activities
Barclays has been awarded ‘Brand of the Year’ in the UK Banking category at the inaugural World Branding Awards.
Promotion of Human- and Civil Rights
Currently,more than 2.5 billion people around the world are considered financially excluded – meaning that, they have no access to financial services, such as savings, bank accounts or credit. Being able to access these basic services can transform the lives of vulnerable individuals, especially young people, and gives them the opportunities to fulfil their potential. Due to this, since 2009, Barclays, introduced the CARE International UK and Plan UK which have been working together in a partnership to find solutions to this issue. Their scheme Banking on Change aims to improve the quality of life of the world’s poorest people living on less than US$2 a day. This is a collaboration of expertise of each partner to give people in seven countries the opportunity and skills to save and manage their money more effectively and access to the basic financial services they need.
Activities in the Field of Humanitarian Aid
The firm supports individuals, businesses, institutions and governments to make progress, while contributing to wider economic growth and job creation. For instance, in 2013 they managed to raised £830bn in financing for businesses and governments. In addition to that, they were able to launch an apprenticeship programme that is aimed at attracting 2,000 young people into financial services by the end of 2015.
Supporting Music and Visual Arts
Barclays is the main sponsor of the Donmar Warehouse – a 250 seat subsidised theatre in the heart of London's West End. This promotes European classics and British and American drama and musical theatre. November 2012 Barclays and the Donmar where in collaboration to create Barclays Front Row- which is a ticket initiative that gives audiences access to £10 front row seats throughout the run of each production.
Supporting Sports
Barclays Bank has sponsored the Barclays Premier League since 2001 and the current sponsorship is runs till the end of the 2015-2016 season. Additionally, The Barclays ATP World Tour Finals provides a platform for the eight best male tennis players of the season to meet in a series of matches and crown an overall champion. The Barclays, the first event of the end-of-season Fed-Ex Cup on the PGA Tour in the United States is a tournament played each year on a course rotation in the New York City tri-state area including Bethpage State Park's Black Course, home of the 2002 and 2009 US Opens. Barclays Bank also are globally involved in golf which includes the Barclays Kenya Open on the European Challenge Tour. They sponsored Phil Mickelson, who has accumulated 43 career wins to date, and with his winning of the 2013 Open Championship has now won five majors, and is a member of the World Golf Hall of Fame.
