Wells Fargo Now Accused of Also Conducting Fake Job Interviews (yahoo.com) 139
2016: "Wells Fargo Fires 5,300 Employees For Creating Millions of Phony Accounts"
2017: "Up To 1.4M More Fake Wells Fargo Accounts Possible"
The headlines kept coming.... ("Wells Fargo Hit With 'Unprecedented' Punishment Over Fake Accounts..." "Wells Fargo Employee Informed the Bank of Fake Customer Accounts in 2006")
But this week the New York Times reported a new allegation — involving fake job interviews: Joe Bruno, a former executive in the wealth management division of Wells Fargo, had long been troubled by the way his unit handled certain job interviews. For many open positions, employees would interview a "diverse" candidate — the bank's term for a woman or person of color — in keeping with the bank's yearslong informal policy. But Mr. Bruno noticed that often, the so-called diverse candidate would be interviewed for a job that had already been promised to someone else. He complained to his bosses. They dismissed his claims. Last August, Mr. Bruno, 58, was fired. In an interview, he said Wells Fargo retaliated against him for telling his superiors that the "fake interviews" were "inappropriate, morally wrong, ethically wrong." Wells Fargo said Mr. Bruno was dismissed for retaliating against a fellow employee.
Mr. Bruno is one of seven current and former Wells Fargo employees who said that they were instructed by their direct bosses or human resources managers in the bank's wealth management unit to interview "diverse" candidates — even though the decision had already been made to give the job to another candidate.
Five others said they were aware of the practice, or helped to arrange it...
2017: "Up To 1.4M More Fake Wells Fargo Accounts Possible"
The headlines kept coming.... ("Wells Fargo Hit With 'Unprecedented' Punishment Over Fake Accounts..." "Wells Fargo Employee Informed the Bank of Fake Customer Accounts in 2006")
But this week the New York Times reported a new allegation — involving fake job interviews: Joe Bruno, a former executive in the wealth management division of Wells Fargo, had long been troubled by the way his unit handled certain job interviews. For many open positions, employees would interview a "diverse" candidate — the bank's term for a woman or person of color — in keeping with the bank's yearslong informal policy. But Mr. Bruno noticed that often, the so-called diverse candidate would be interviewed for a job that had already been promised to someone else. He complained to his bosses. They dismissed his claims. Last August, Mr. Bruno, 58, was fired. In an interview, he said Wells Fargo retaliated against him for telling his superiors that the "fake interviews" were "inappropriate, morally wrong, ethically wrong." Wells Fargo said Mr. Bruno was dismissed for retaliating against a fellow employee.
Mr. Bruno is one of seven current and former Wells Fargo employees who said that they were instructed by their direct bosses or human resources managers in the bank's wealth management unit to interview "diverse" candidates — even though the decision had already been made to give the job to another candidate.
Five others said they were aware of the practice, or helped to arrange it...
Lies and Deception (Score:5, Insightful)
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Re: Lies and Deception (Score:2)
"And thousands of pages added every year. "
And how is anyone supposed to follow all of this?
This seems more like setting up a trap so a politician who gets pissed off can go after a company that didn't give him a nice Christmas "gift".
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All it needs is a perpetual motion machine for limitless, free energy and you will have to steal your supplies from somewhere else, presumably without any consequences at all.
Re: Lies and Deception (Score:2)
Re: Lies and Deception (Score:3)
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This is nothing new - businesses have been creating job openings, targeted toward hiring/promoting a particular person, but per company policy held open interviews despite already having a candidate in mind. Is it only morally and ethically improper when the interviewee is a woman or person of color?
Is there some moral or ethical obligation to cease all interviews once you've decided on a candidate? It is possible, but not common, that an interview could go so well that the hiring manager changes their mind
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Re: Lies and Deception (Score:2)
Exactly
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It's what unregulated Big Business is all about.
Yes, but still I'll say...Fuck off, they all do this all the time. Tech companies will "bring them in.." for example, just to see what they know, with no intentions of hiring them.
Re:Lies and Deception (Score:5, Informative)
If you believe WF is an "unregulated" big business, you know absolutely nothing about the financial industry in the United States.
The government regulators effectively run WF now, right down to telling them what patching schedule to use for their servers and how much capital they're allowed to hold.
The reason behind this specific phenomenon, is that WF has rules (and they're not "informal", they're enforced by HR - you literally can't get someone through the hiring process without following them) which require all hiring for any significant position to have "underrepresented" candidates interviewed and present on the interviewing panel.
So it doesn't matter if there is only one person who can do the job who applied, or if you're trying to poach a particular person from elsewhere, you still have to jump through the HR diversity hoops. It's not bias against minorities requiring this, it's official government and HR diversity policies.
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Wells Fargo falls under both #4 and #5 (non-depository and depository credit intermediation)on the list of most regulated industries [mercatus.org]. The combined regulatory burden puts them in the #1 category.
In terms of patching schedules, that's just an example of the level of detail, but it's one anyone in the financial industry familiar with the regulatory patching requirements can confirm. A few years ago the regulators began requiring weekly patching cycles of all devices. Not quarterly, not monthl
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You do the exact same thing when you're shopping for some product you saw at a friend's house which you really liked. You're about to put it in your cart, then you think just to be "thorough" you should check out the alternatives. So you give some competitors a cursory glance, compiling a list of only their drawbacks in your head. Meanwhile your list of the product you wanted is only of its advantages (because that's why you want
Re:Lies and Deception (Score:5, Insightful)
If there were no laws against robbery, there would be no robberies, and nobody would have to lie about robbing someone.
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If there was no law against robbery, people wouldn't lie about doing it. Hell they'll be bragging. It's the fear of consequence that makes robbers not advertise their deeds.
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Re: Lies and Deception (Score:2)
Sometimes laws are stupid and need to go.
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A well-regulated marketplace is always going to be better than an overregulated marketplace, but simply removing a bunch of regulations in order to deal with the problem of an overregulated marketplace is a stupid solution.
Re: Lies and Deception (Score:2)
If there were no laws against robbery, robbers would get shot by owners. Which would deter robbers
There are natural laws which will be enforced by any population. You shalt not steal/murder is a rather basic across cultures, not necessary to create a law.
Laws regulate only what non-criminals are allowed to do, to what extent people can break natural law unpunished, and regulate punishment for criminals that get caught, without regulation, the punishments would be a LOT more severe, large corporations would
Re: Lies and Deception (Score:2)
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If there were no laws against robbery, you'd be shooting someone for no reason, so you would be in the wrong, not the robbers. Unless murder is also legal, at which point the robber could just murder you first, then get to the robbing, which would just be "finding abandoned stuff" at that point.
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So you'd be fine with no law that prevented me from killing you or your family, even after I killed you or your family, since it does not exist.
Gotcha. Good job, Republican fuck. You just legally-wiped your family by your own lack of future judgment.
No wonder people think of Republicans as fucking idiots. You exemplify this in your law thought-process.
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oh my gosh people are being dense. That's you btw.
His point was you can make crimes vanish completely by making them not crimes. Robbery is a crime. Make it not a crime---no robbery. Sure you still have people taking other people's stuff, but the no crime.
--
Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
Also while I appreciate a good sig-stalker and your unhealthy obsession with me: who is Jessica Price?
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Jesus Christ man... Your sarcasm-meter is broken. Have that fixed.
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Even Google's AI would have caught that.
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How many regulations require them to interview "diverse" job applicants?
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Wells Fargo wanted to outwardly appear like they were interviewing valid applicants, and the reason for doing that is anti-discrimination laws in employment. [eeoc.gov] Maybe they were conducting these phony interviews because someone would have spotted a pattern very quickly if they just outright ignored those applicants. If you're a big enough company, you get scrutiny from the government and your own employees.
So, yes, without this particular regulation, they wouldn't have bothered with the deception at all.
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That's just Wells Fargo interpreting EEOC discrimination guidelines in a particular way, though. There's really no requirement to interview people that will never get the job, just to pretend to be in compliance with EEOC guidelines.
Re: Lies and Deception (Score:2)
That's a stupid policy, in what area of expertise (aside from, of course, HR) is HR better qualified to vet a candidate than the Subject Matter Expert/hiring manager.
It's a policy invented by HR to keep HR relevant and nothing more. It reminds me of the good old days when HR played "buzzword bingo" to find "qualified applicants" for tech/computer positions...
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In this case the lies exist because of liars.
Liars who defrauded others of their time and money. "Come", they said, "Buy this lottery ticket", when they had already paid out a winner.
Nothing new. (Score:5, Informative)
In government IT contracting they usually have someone lined up for the role. They then put the job out as a "market test" for the minimum amount of time (usually three days) and then throw in a couple of sham interviews.
A good recruiter will know if the job is real or not. It's a complete waste of time and effort for all involved.
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This is exactly what happens. The job is advertised, but it's already filled. They do it so that it passes the diversity regulations, but have no intent of ever hiring.
That said, this happens with unions ever worse. Because the unions guarantee jobs based on seniority, not competency, not diversity.
The only way out of this is requiring that everyone who applies for a job must see the list of other applicants (eg not the names, the list of applications, date, time, position, interview status.) Like I wouldn'
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This is laws and contract, not what we might be believe to moral or not. Yes, companies regularly advertise jobs that are already filled. This is to try to show compliance with the law without necessarily complying with the law. Like a bank robber neve carrying a loaded gun
An obvious solution, if one wants to primarily promote from inside the organization, is to work with unions so that the l
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Re: Nothing new. (Score:2)
Re: Nothing new. (Score:1)
Itâ(TM)s not stupid, itâ(TM)s the regulation that requires it. Everywhere does this, they HAVE to open the job for 3 days to comply with regulation even if youâ(TM)re promoting someone internally. Not sure where the complaint is, as youâ(TM)re promoting someone, someone must fill that lower end role, youâ(TM)ll eventually hire an outside person.
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In general though the problem is that its very difficult to really evaluate a candidate in an interview. Some people interview well but perform badly, others the reverse. People lie on resumes and in interviews - for example someone who claims to have architected a system may have just worked on it, and is familiar with its architecture, but didn't create it. You can ask peopl
Re:Nothing new. (Score:5, Informative)
Seems like a lot of jobs advertised already have an H1B ready to fill the role.
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This is not US specific. I have heard of such things happening in a few places, where the hiring manager already knows who they are going to hire, but has to go thru the motions due to either company policies or government regulations.
End of the day it's a waste of time for everyone involved so that a hiring manager gets to tick a box on a checklist.
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Nothing to do with government IT, that practice transcends sectors and industries.
Bureaucratic Rules (Score:3)
are always going to be gamed and circumvented. It's why bureaucratic rules aren't a very good way to run things in the real world.
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Now I want you to think about something else. You're stating that they're not a very good way.
So. What would be a good way? Not having them? Are there any other methods?
Having something that's "not very good" is still better than not having them at all. And complaining about it without being able to offer something better/more fitting/moremakingyouhappy, is disingenuous, but seems to be SOP nowadays.
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Not true, whether they're gamed and circumvented is almost entirely a reflection of upper management. There's nothing terribly onerous or difficult about modern hiring laws. Where I work (500+ employees) management and HR actually takes diversity seriously. We give every candidate a fair shake and hire the best regardless of race, sex, etc etc. It's not hard and we don't have to worry about audits.
Wells Fargo is just lazy and their upper management has a history of lying to avoid their laziness. Can
Incentives... (Score:2)
if made shitty and without proper forethought, the fallout is on the creator(s).
Also: "bank regulations" -- let's maybe have some again soon.
This has nothing to do with diversity (Score:5, Insightful)
A similar tactic is used to justify an h1b or other visa holder, in that case they create a set of impossible requirements so they can exclude every domestic candidate. They are allowed to deny anyone who doesn't fit the job req of course but nothing prevents them from hiring the h1b who doesn't perfectly meet the original req. If anyone did ever question this they could always claim that the search itself revealed that they needed to adjust their expectations.
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The problem with the H1B hire, is that it's gamed in an incredibly cruel way so that the business isn't hiring the "best" candidate, only the cheapest one. This is why staffing agencies appear to be the sole beneficiary of H1B's, when they should in fact be denied. They're a damn staffing agency, they should only be finding jobs for people who are ALREADY in the country.
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There is signal in that noise, give them a year or two of actual experience and you'll start to see it.
Re:This has nothing to do with diversity (Score:4, Insightful)
All large companies do this.
I don't know who you work for, but if I ever saw this sort of crap going on within my group's hiring pipeline, I'd be calling corporate legal the same day to inform them that I'm about to call half a dozen news agencies right after we hang up. There's literally no place within business for this sort of crap practice to endure. Everything literally goes downhill from this sort of precipice. Employees that see it and fail to act are simply complicit.
Re:This has nothing to do with diversity (Score:4, Insightful)
It's what happens when you replace hiring with quotas based on race and gender. You might have a great internal referral or cross-department hire lined up, but quotas say you must interview someone with certain superficial qualities before you can make an offer. It's not hiring managers being unethical, it's them working around asinine requirements created for public perception. All those requirements are really going to do is burn out the groups of people that they're supposedly meant to help since they're a small portion of the recruitment pool and they get invited to a plethora of interviews for positions they won't get (not because of their superficial traits, but because the position was already filled by a qualified candidate).
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It's what happens when you replace hiring with quotas based on race and gender.
No it's not. This practice has predated any of the modern race / gender quotas. The only difference between now and in the past was that rather than having to write a job position out internally even if it has already been decided who gets the job, is that someone of the target gender / race now needs to apply.
The underlying principles have exited for many decades.
Re:This has nothing to do with diversity (Score:4, Informative)
Interviewing people that never had a chance, has been going on for my entire career. I've seen it at multiple companies.
I never saw anything specifically about diversity, but definitely to cover other regulations, laws and internal policies. Just one of many examples; Internal promotions because the internal policies state, "Must interview at least 3 people," and there are no exceptions.
In many of these cases it was all about requirements that no one signed up for, might have looked good on paper, but didn't make a ton of sense for 100% of cases. Try sorting that one out in legalese.
I would have enjoyed watching you go tell legal about something they prescribed.
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It's one thing to shoot yourself in the foot. Just don't reload the gun. - Lindsey Graham
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There are always a few with heart and integrity in the group that will speak up.. and they are usually then black balled in their i
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Not the OP, but every single company I've worked for has done this. Hello I was the subject of it in the last department change, it was a case where they literally stacked the knob description to make sure only I fit the job description, (fire fighting experience for a desk job anyone?), And then provide to write it the position internally for the minimum allowable time period.
I was the only one who applied *shockedpikachu* and we also had to have a female on my sham interview panel who told me it was s sha
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lol autocorrect "knob description".
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I agree. In fact, the problem is not the policy that encourages diverse hiring, but rather the practice of promising a job to someone before conducting proper interviews. In my experience, when someone uses their authority to priomise a job to someone it allows bias, personal preference, and intimate relationships to play too large a role in the process. Yes there are times when there really may be only one perfectly suited candidate and his or her name is known beforehand, but even so one should not assume
Re: This has nothing to do with diversity (Score:2)
Your comment is just diatribe without basis in reality. It amazes me that people can live such a fact free existence, but then I see Fox and understand. Ostriches are pretty successful creatures.
Re: This has nothing to do with diversity (Score:1)
Yes, it is necessary to personally attack someone who has a point you cannot refute.
How about some substance, he is right, the left is racist, if you consider race for inclusion and exclusion, youâ(TM)re a racist.
Re: This has nothing to do with diversity (Score:5, Interesting)
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I couple of times I've found people out in the wild, who interviewed and passed with flying colours. It isn't common though. Usually there is planning and forethought that has gone into the composition of a team that is based on certain people being available. If those people were not available, the job reqs would not have been written that way.
What doesn't work is deciding you need a person to hire now, with no idea who beyond a skillset and asking HR to find them. That person will not be available and you
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What does work is the grazing model. Have your requirements and always be looking. When a stellar candidate comes along, hire them even without a specific job req.
Unless you have good recruiters or "talent acquisition" teams (barf), you're not guaranteed to hear of this candidate without an open req. The networks of existing employees only reach so far.
I've found that the best approach is a req that's tailored to the group's goals and processes, but that's sufficiently vague about the skills and background required. Be ready to get a bunch of chaff to dismiss and be upfront with HR about actually passing all of the applicants along instead of doing their usual incomp
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My experience - small company - good hiring practice. Big company - bad hiring practice.
I don't expect it to improve.
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The claim is that they are specifically having would-be diversity hires put through these worthless interviews, so they can claim they're interviewing such but just can't find any to hire. That makes it have something to do with diversity.
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Yes that is the claim but given this is exactly how life has always worked sans that claim it is more likely just some woke person seeing the usual practice and perceiving through the lens of their bias.
Putting people they don't want to hire on specious bases through that process is how it has always worked? Yes, and that is illegal. Get near a point and make it, please.
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Perfect, exactly what I was gonna say.
Not sure it is still done, but for H1B, the job ad would be posted in the NY times or Wall Street Journal instead of the local paper. This satisfied the advertising requirement. Again, not sure this is still allowed. Learned about this decades ago when a co-worker's student visa ran out and the company wanted to convert her to a H1B.
Then again, for certain degrees, do not let the brain drain occur. I believe we should give a H1B or even a green card for certain degree
Every company does this including government (Score:1)
If "diversity" wasn't such a focus? (Score:2)
You might, you know, simply hire the best candidate for the job based on their experience and credentials. But all this garbage about the workplace supposedly being "better" simply because the skin color of your employees is evenly distributed means businesses will keep wasting time on this stuff.
The Dilbert cartoon ran a whole series of strips on this very topic, just recently.
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Oh businesses aren't "wasting time" at all. It's far cheaper to police employees in what they say, add a new "___ awareness month", add a signature to some petition referencing the most recent moral panic, etc. rather than increase employee compensation or turn down contracts from China.
A new positional morality which requires no sacrifice, blames society, upbringing, etc. for any problems, and sets employees at each others throats is a fantastic investment for any corporation.
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Probably fewer bogus interviews when the hiring manager isn't told to interview the 'diversity' flavour of the month.
Just tell women and PoCs to not apply (Score:2)
Which metric? (Score:5, Insightful)
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'Diversity', in the context of immutable characteristics, doesn't matter. Either hire people because they're the best for the job or be a racist who collects human beings like they're Pokemon.
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You have it backwards. If your hiring process results in your team being all the same race, same gender, same age range or whatever, then your process is clearly not attracting or selecting the best people.
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You have it backwards. If your hiring process results in your team being all the same race, same gender, same age range or whatever, then your process is clearly not attracting or selecting the best people.
Most people like people most like themselves and such and such. As a programmer who has been out of work long enough to consider using "ex-programmer" to describe myself, I was rarely judged or even given technical tasks. I would say that the first barrier to pass is the social barrier, then you get into the competency arena. As much as everyone loves to throw around an -ism they're the victim of, I can't help but think that it's a matter of being on the wrong side of understandable human nature. When you
Re: Which metric? (Score:2)
So youâ(TM)re saying brick layers and nursing facilities somehow have problems with their interview process for not being able to hire 50/50 distribution of qualified male/female staff.
You, are a moron.
Re: Which metric? (Score:2)
Yes, of course. That's why nurses have bigger hands and more muscle mass than bricklayers.
Reality doesn't care about your social constructionist beliefs.
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You have it backwards. If your hiring process results in your team being all the same race, same gender, same age range or whatever, then your process is clearly not attracting or selecting the best people.
It doesn't mean that at all. Some jobs, for whatever reason, by and large attract a certain demographic. Most k-12 teachers for example are female, very few men even apply at all. A lot of programmers tend to gravitate towards white and asian males of younger ages. In my experience, a lot of programmers move on to something else as they age; often management, which means the pool of older candidates is likely smaller. And I'm speaking as somebody who picked up programming later in life; from what I've seen
Re: Which metric? (Score:2)
Yes, it can appear that way if you ignore all other variables, opting instead to assume something is wrong when there isn't a Burger King kids Club level of representation in desirable jobs. That's silly even by your standards.
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1) anyone applying needed a resume with a minimum requirement,
2)Anyone meeting step 1 took a multiple choice test(200 applicants).
3) Anyone passing step 2 took a hands on equipment troubleshooting examination (50 applicants)
4) Anyone passing
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Interviews are throw-away...
While I agree in principle with your comment, the reality is interviews are the first gate that many minorities don't pass. I actually think it's far more important to have diversity at the interview than in employment. Interviews are about giving people a chance, but employment should be based on merit.
Maybe they were inspired by Monty Python (Score:2)
https://www.dailymotion.com/vi... [dailymotion.com]
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Still funny 50 years on.
It'd be nice to be at least recognized (Score:2)
Solution: Meritocracy only (Score:2)
Fake interviews? More common than you'd hope. (Score:1)
Been the victim of one at a government agency. The manager told me they were hiring an internal candidate when I walked in the door but they needed to interview someone externally because of departmental policies.
I was so taken aback I didn't even think to walk out. It was the worst, most demeaning experience I've ever had in an interview... Two guys who clearly weren't interested in a single thing I had to say and were just filling in time before lunch.
"Diverse candidate" is an oxymoron (Score:2)
A single person cannot be diverse, only a group of people.
It's what you can prove. (Score:2)
Everywhere applications are going into the round file because of race, ethnicity, gender, etc.. And companies are getting away with it because it has to be proven that this was indeed the case.
A job application can be rejected in the USA because the employer did not like the color of your suit, and when he or she is called out for discrimination, that employer can claim that or a million other things.
The anti-discrimination laws look good on paper but rarely does it work out in reality.
Well
It Happened to Me (Score:2)
Yes, fake interviews happened to me; but they had nothing to do with diversity. I am a white male.
In the 1990s, I was unemployed. I saw a help-wanted ad from Amgen, the biologic pharmaceutical company. The location was closer to my house than any of my prior employment. I was interviewed and then called back for another interview. That second interview left me feeling very positive. However, I never got an offer. I knew someone in a related department and asked her to find out what happened. The hir
Did He Really Understand? (Score:2)
Most large companies have requirements to interview several candidates before choosing one for a position. And that's still a requirement even when you've already got the ideal person lined up.
Not saying that Wells Fargo wasn't fucking this up, but many employees don't understand the compliance rules.
One stupid company (Score:2)
But if these assholes are differentiating between "race" and "Gender" or genitals, they are plain idiots.
Now that being said, I'm not really comfortable with the idea of wholesale interviewing for positions that don't exist yet. But it exists, and in today's world, you must avoid any inference that you are discriminating against anyone.
Diverse (Score:2)
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Companies cow towing the "social line" is current day comedy.
It's just one word.. "kowtow". There are no cows involved. :)
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Companies cow towing the "social line" is current day comedy.
It's just one word.. "kowtow". There are no cows involved. :)
Yeh, they usually use oxen for towing
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We are line-towing cows. Moo!
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Bull.
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Humor is obviously dead at Slashdot. A zero. Really?
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Wow, that guy was right: we ARE all cows!
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Fear not, MIT has gone woke and will let in folks to their PhD program based on race, and let them graduate based on race.