Wells Fargo, the bank that has been embroiled in a series of scandals and regulatory issues, has temporarily suspended the application of diversity recruiting guidelines.

The New York Times reported reported that staff staged false interviews with minority candidates in order to comply with internal policies. 

CEO Charlie Scharf commented on the topic that the firm will “pause the use of diverse slate guidelines for several weeks” as it analyzes the issue.

READ MORE: WELLS FARGO UNDER FIRE AFTER REPORTEDLY STAGING JOB INTERVIEWS FOR ‘DIVERSE’ CANDIDATES – WITH NO INTENTION OF HIRING THEM

Scharf said: “We will continue to actively seek diversity in hiring, even during this pause. 

“The pause is a chance for us to review our guidelines and processes and to make improvements — it does not mean that anyone at Wells Fargo should stop hiring or stop actively recruiting diverse candidates.”

Current and former employees of the company accused supervisors in the wealth-management division of directing them to interview Black and female candidates for jobs that had already been given to someone else.

Former employees in the bank’s wealth management division alleged that their supervisors were forcing them to interview applicants for jobs that had already been promised to others in order to fulfill the “diverse slate” criterion.

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Joe Bruno was one of a dozen current and former Wells Fargo employees who claimed to have observed or taken part in phony interviews.

He claimed the goal was to document the fact that “diverse” individuals had been examined in case bank authorities investigated whether Wells Fargo gave minorities a fair chance at gaining positions.

What does Wells Fargo say?

The firm will “pause the use of diverse slate guidelines for several weeks” as it reviews the matter, Chief Executive Officer Charlie Scharf said in a memo.

He wrote“We will continue to actively seek diversity in hiring, even during this pause. 

“The pause is a chance for us to review our guidelines and processes and to make improvements — it does not mean that anyone at Wells Fargo should stop hiring or stop actively recruiting diverse candidates.”

Source: The Redlands Daily Facts

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