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]
Meanwhile, Raymond James' employee arm welcomes a $550 million advisor from JP Morgan, and LPL attracts another advisor trio from D.A. Davidson.
Prometheum's Aaron Kaplan on why clearing ETH inside a US brokerage account changes the conversation and what still needs to happen before adoption scales.
The tools are evolving rapidly, but in wealth management, the real challenge isn’t access. It’s integration, security, and discipline.
Chirayu Rana’s lawsuit has garnered massive attention on Wall Street.
Terrance L. Hayes was arrested April 20 and charged with two felonies.
According to Flyer Financial Technologies, rising portfolio complexity is exposing the limits of legacy infrastructure and widening the gap between automation and reality
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
