Posted on 11/16/2021 6:07:43 PM PST by massmike
Boston-based State Street plans to triple the number of minority staff in senior roles by 2023 and is using diverse hiring panels to do so. Under the policy, executives must show that they have made an effort to increase minority representation at the firm or face lower year-end bonuses, according to the Sunday Times, which reported that staff will have to receive “special permission” to hire white men.
Recruiters of middle management at State Street are now mandated to establish a panel consisting of four or five employees including a woman, and preferably a person of color, that will evaluate new hires. McNicholas said that while white men will still be hired, recruiters need to show that the panel interviewed a diverse slate of candidates.
In an email to the Washington Examiner, a State Street spokesperson denied the charge that special approval would be required to hire white men.
“Hiring managers do not need special approval to hire white men. This is factually incorrect,” the spokesperson said. “We are committed to diversity and inclusion and, as such, diverse panels of candidates. We hire the best candidate for the role."
State Street, which has pledged to hold itself “accountable for strengthening black and Latinx owned businesses,” has advocated for more women and minorities in the workplace in the past. It commissioned the “Fearless Girl” statue, which was unveiled to mark International Women’s Day in 2017.
The bronze figure, which features a young girl standing defiantly with her hands on her hips, was originally placed in front of the iconic “Charging Bull” statue, although it was later relocated to face the New York Stock Exchange after complaints from Arturo Di Modica, sculptor of the Charging Bull.
(Excerpt) Read more at washingtonexaminer.com ...
Go woke, go broke.
This will end poorly.
i thought for sure it would be citi ...
Where’s all this garbage coming from?
You can’t tell me that every company just decided to go nutsoid woke like this.
Get as much ony out of banks as you can.
Maybe find a smaller credit union and feel out the management on philosophies...
Token roles.
What a fantastic idea! Let’s hire only people of color and don’t worry whether or not they know anything about that racist math, banking, and business stuff.
When companies hire based on things other than merit bad things happen. I hope they figure it out quick.
I’m all credit union.
The last big bank I dealt with I closed a couple of years ago and don’t miss.
Figure it out??
I hope they pay a steep price for their bigoted policies.
The demand for minority job seekers will send the market salary soaring. AND, it just might push the quality down an order of magnitude.
Boston.....figures
So don’t fill enough positions, then “punish” the woke drones by witholding their bonuses. Sounds like an Executive Management wet dream
Helluva price to pay for being stylish.
Guess they never heard about this:
EQUAL EMPLOYMENT OPPORTUNITY
TITLE VII OF THE CIVIL RIGHTS ACT OF 1964 (TITLE VII)
This law makes it illegal to discriminate against someone on the basis of race, color, religion, national origin, or sex. The law also makes it illegal to retaliate against a person because the person complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit. The law also requires that employers reasonably accommodate applicants’ and employees’ sincerely held religious practices, unless doing so would impose an undue hardship on the operation of the employer’s business.
ESG scores. Coming to a bank near you.
So there you have it: racial discrimination is okay. :)
at work it’s a lot of women...and black women...and all woke.
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