Wells Fargo to Reinstate Diverse Candidate Slate Guidelines
01 August 2022 - 10:41PM
Dow Jones News
By Josh Beckerman
Wells Fargo & Co. is reinstating its diverse candidate slate
guidelines, "with changes that will help clarify and simplify the
process and lead to a better experience for all candidates,
internal and external."
In June, Wells Fargo temporarily paused the use of its diverse
slate guidelines and the New York Times reported that a civil
rights unit at the Manhattan U.S. attorney's office was
investigating allegations that the bank conducted fake job
interviews for positions that were no longer available.
Wells Fargo will resume application of the guidelines effective
Aug. 19. The bank said it will "continue to expect a 50% diverse
candidate slate and a diverse interviewer panel." The bank will
"redefine roles that are in-scope for the guidelines based on job
level, not compensation."
The bank said that "since 2020, there have been meaningful
increases in gender, racial and ethnic diversity for positions
throughout the company."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 01, 2022 16:26 ET (20:26 GMT)
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