Wells Replaces ‘Overly Prescriptive’ Diversity Hiring Rule With Seriously Underprescriptive One
- Author:Jon Shazar
- Publish date:Aug 2, 2022
Even Wells Fargo employees will be hard-pressed to violate this rule.
Wells Fargo hasn’t been able to fix any of the many, many things that ail it. But it swears that it’s gotten to the bottom of that whole interviewing-women-and-people-of-color-for-job-vacancies-that-no-longer-exist thing. Not in time to avoid a federal civil rights investigation, but still: They did it! Now, instead of insisting that half of all candidates for any and all jobs paying at least $100,000 be “diverse,” now managers will only have to interview the requisite number of non-white-men for jobs at certain “levels,” and only if those managers haven’t managed to get a now much-easier-to-acquire exemption.
The bank acknowledged in the memo that its guidelines could be improved. One problem executives found, according to the memo: “Our guidelines and processes can be overly prescriptive.”
Well, it’ll certainly get no argument from us or from any of its regulators on that point. And gutting those guidelines and processes will definitely make them easier to follow. What’s more, Wells’ track record indicates even this seeming sop might pay dividends.
The biggest changes will be increased training for managers….
Wells Fargo Revives Policy That Led to Fake Job Interviews, With Tweaks [NYT]
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Tagsterms:BanksdiversitylawWells FargoBy Jon ShazarAfter imposing a few more modest hurdles for its employees the clear in cheating, the diversity interviewing policy shall return.
BanksWells Fargo Takes Page From NFL’s Diversity Playbook, Gets Same ResultAnd now, like the NFL, it’s getting sued over it.
BanksWells Fargo Turns Well-Intentioned Diversity Push Into Criminal MatterAs you’d expect from the flaming stagecoach.
BanksWells Fargo Employees Still Know How To (Fraudulently) Gussy Up An ApplicationAnd like some of their bad apple brethren are thusly former Wells Fargo employees now.
BanksWells Fargo CEO Sees Even Fewer Qualified Black People Than Its Board Saw Women Qualified For His JobAffirmative inaction beneficiary Charlie Scharf doesn’t understand why he only wants to hire white people.
BanksBlack Mortgage Applicants Do About As Well As Black Job Applicants At Wells FargoThey’re apparently not as “qualified” as their white co-applicants, either.
BanksMan Breaks Into Wells Fargo Branch To Use Microwave, Leaves With Portfolio Of Unauthorized Accounts, Insurance Products“Hell yeah it was worth it.”
BanksMorgan Stanley Solved Its Diversity Problem And So No Longer Needs A Chief Diversity OfficerThat has to be the explanation for her firing, right?
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Originally posted on: https://dealbreaker.com/2022/08/wells-replaces-overly-prescriptive-diversity-hiring-rule-with-seriously-underprescriptive-one