Aiming to Diversify Workforce, Goldman Sachs Sets Targets for Latino, Black Hires
Style Magazine Newswire | 3/22/2019, 12:29 p.m.
Goldman Sachs Group Inc. is setting targets for hiring minority groups for the first time as it ramps up efforts to diversify its workforce, according to a memo sent by top executives to employees. The Wall Street bank, which last year said it wanted women to make up half of its entry-level workforce, now is aiming to ensure that 14 percent of new analysts and associates in the Americas are Latino and 11 percent of them black, according to the memo, which was seen by Reuters. In Britain, Goldman Sachs wants 9 percent of its entry-level workforce to be black. The bank, whose senior executives are primarily white and male, did not set targets for more experienced employees, but is now requiring businesses to interview at least two qualified diverse candidates for each open position.
