Wells Fargo Holds ‘Fake Interviews’ to Fake Diversity Efforts, Employee Claims

FuGuo bank routinely interviewed women and people of color to document Diversity efforts In its Recruitment Practices Even though other candidates have been offered the positions, several employees still claim.

The banking company has a long-standing informal policy of employers interviewing “different” candidates, which the company defines as women or people of color, for open positions. However, several employees said they were beginning to realize that candidates would often be interviewed for positions that had already been offered to others.

Joe Bruno, a former Wells Fargo executive, said: “You’re sitting on the other side of the table for an interview, and you’re very uncomfortable, and you know the candidate has zero chance of getting the job — zero,” Tell Action News. “These are real humans on the other side of the table. They have families. I have a family. Just wrong.”

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Bruno raised his concerns with his superiors but was fired, he said.Then, in August 2021, the 58-year-old executive was fired, he told New York Times This is an act of revenge for telling a superior that the “false interview” was “inappropriate, morally wrong, morally wrong.”

The former executive is one of seven current and former Wells Fargo employees who said they were directed by the company to interview different candidates to fill open positions. Five other employees were also aware of the policy or helped put it into practice, they told the media.

The interviews did not appear to be an effort to increase diversity, employees said, but rather an effort to document diversity on paper, possibly as a safeguard in an audit of Wells Fargo’s hiring practices.

Bank executives encouraged employees to follow its hiring guidelines and said they would not tolerate the so-called behavior described by employees.

Wells Fargo told the Financial Times: “We researched all the specific claims that journalists shared with us prior to publication and were unable to confirm that these claims were true.” Washington Examiner in a statement. “At the same time, we take the nature of the allegations in the story seriously, and as a company we will not tolerate the type of conduct alleged. We will continue to conduct an internal review if we find evidence of misconduct or deficiencies in our guidelines or Its implementation, we will take decisive action.”

Wells Fargo, which previously faced hiring discrimination charges, paid $7.8 million in back wages and interest to settle the hiring discrimination allegations.payment is part of settlement Worked with the Department of Labor to resolve allegations that the company discriminated against 34,193 black applicants. The banking company also faced a lawsuit in 2013 from black financial advisors who sued for racial discrimination, prompting the bank to pay nearly $36 million and pledging to “take steps designed to increase employment, earnings and advancement opportunities for African-American financial advisors. actions, as well as financial advisor intern.”

before arriving 2017 settlement, Burton said Wells Fargo executives began requiring employers to interview at least one woman or person of color for each open position. But the policy was never approved and only applies to certain senior positions, especially those with annual salaries of more than $100,000.

However, Bruno said the fake interviews involved several positions, including those below the salary threshold. Other bank leaders have denied the allegations.

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Of the 30,000 employees Wells Fargo will hire in 2021, 81 percent are not white men, according to the outlet. It’s unclear how many of those employees were paid more than $100,000.

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