Wells Fargo to Reinstate Diverse Candidate Slate Guidelines

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By Josh Beckerman

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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 US attorney’s office was investigating that the bank conducted fake job interviews for positions that were no longer available.

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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 [email protected]

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Credit: www.marketwatch.com /

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