Wells Fargo has reinstated its diverse candidate slate guidelines following a six-week review prompted by reports its hiring managers were conducting fake interviews to satisfy the guidelines.
Over the past six weeks, the bank completed a review of diverse candidate slate hiring approaches and interviewed Wells Fargo recruiters and hiring managers to determine what’s working and what’s not, the company said in a release. The company has also engaged a broader set of employees in listening sessions since mid-May. Use of the revised guidelines will be effective Aug. 19.
Changes include redefining roles covered by the guidelines based on job level, not compensation; a revision of the exception approval process to provide for manager and recruiter review and approval, and ongoing monitoring; and providing updated training for recruiters and managers on the diverse candidate slate guidelines, including how they should be applied throughout the recruiting and hiring process.
[More: Steps to hire diverse talent]
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
