Wells Fargo pauses diverse slate hiring policy after reports of fake job interviews

(Reuters) – Wells Fargo & Co is pausing a hiring coverage that requires recruiters to interview a various pool of candidates, after the New York Occasions reported such interviews have been typically faux and carried out though the job had already been promised to another person.

The financial institution additionally plans to conduct a overview of its numerous slate pointers, Chief Government Officer Charles Scharf advised workers on Monday, in line with a memo seen by Reuters.

“Since The New York Occasions revealed a narrative final month about numerous job candidate slates at Wells Fargo, I’ve had the chance to listen to from lots of you,” Scharf stated, speaking in regards to the financial institution’s workers.

“In these classes, you’ve got described in deeply private phrases the profession obstacles you’ve got confronted due to who you’re,” he added.

The New York Occasions reported final month {that a} former worker within the financial institution’s wealth administration enterprise had complained that he was pressured by his bosses to interview folks for jobs that had already been promised to others, simply to fulfill the varied slate requirement.

Various slate hiring is a expertise acquisition technique the place the recruiter begins with an already numerous pool of certified candidates.

Scharf stated the financial institution will proceed to actively search range in hiring even throughout this pause, and upon completion of the overview, will make changes to its numerous slate program the place applicable and relaunch it in July.

Scharf in a Zoom assembly in 2020 exasperated some Black staff when he reiterated that the financial institution had hassle reaching range objectives as a result of there was not sufficient certified minority expertise, Reuters reported on the time.

(Reporting by Noor Zainab Hussain in Bengaluru; Modifying by Shinjini Ganguli)