And Back to Racial Discrimination

[Ana the Ist]

One of world's largest investment firms will need permission to hire White men

Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.

Literal double standards for white men and monetary incentives to not hire them.

The firm will still hire White men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

Does anyone actually see this as a good way to improve upon the days when racial discrimination was the norm? By making racial discrimination the norm?

 

[d taylor]

Permission from who

 

[Larniavc]

One of world's largest investment firms will need permission to hire White men

Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.

Literal double standards for white men and monetary incentives to not hire them.

The firm will still hire White men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

Does anyone actually see this as a good way to improve upon the days when racial discrimination was the norm? By making racial discrimination the norm?

Misleading title. The instruction is for interviews to be offered to a quota of people with protected characteristics.

 

[The IbanezerScrooge]

It's so interesting to me that the default position here is that white, male candidates must be the best qualified, because to even require that minorities and women be interviewed... not hired, but just interviewed... (and that's all this is when you actually read the article) means that they are somehow making their investment services substandard. Read the comments to see what I'm talking about.

 

[A_Thinker]

One of world's largest investment firms will need permission to hire White men

Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.

Literal double standards for white men and monetary incentives to not hire them.

The firm will still hire White men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

Does anyone actually see this as a good way to improve upon the days when racial discrimination was the norm? By making racial discrimination the norm?

So ... this is one company, right ?

 

[GreekOrthodox]

I listen to a business podcast and one of the problems that the financial services sector faces is a lack of diverse candidates. Even one CEO said that this limits their understanding of under served markets. An Ivy League white male MBA is not going to have a connection to a working class immigrant. FYI, those working class immigrants can do a LOT with the money they make. A lot of Greeks for example are wealthy from the family owned and operated restaurants.

 

[Aussie Pete]

One of world's largest investment firms will need permission to hire White men

Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.

Literal double standards for white men and monetary incentives to not hire them.

The firm will still hire White men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

Does anyone actually see this as a good way to improve upon the days when racial discrimination was the norm? By making racial discrimination the norm?

I wonder how evolutionists explain this total stupidity.

 

[Aussie Pete]

I listen to a business podcast and one of the problems that the financial services sector faces is a lack of diverse candidates. Even one CEO said that this limits their understanding of under served markets. An Ivy League white male MBA is not going to have a connection to a working class immigrant. FYI, those working class immigrants can do a LOT with the money they make. A lot of Greeks for example are wealthy from the family owned and operated restaurants.

This will be another source of income for the CEO and others at the top. They will be awarded diversity bonuses. You don't believe it? It is already happening. It's just one of the reasons that corporations pay executives vast sums while refusing to pay a living wage to those who work for them.

 

[GreekOrthodox]

This will be another source of income for the CEO and others at the top. They will be awarded diversity bonuses. You don't believe it? It is already happening. It's just one of the reasons that corporations pay executives vast sums while refusing to pay a living wage to those who work for them.

Morning/Evening Aussie,
I'm not arguing that the CEO pay and bonuses are ridiculous. The interview that I heard was with Chamath Palihapitiya, a Sri-Lankan born venture capitalist. One of his comments was that the typical MBA are all trained to think the same way by all of the schools and have very little diversity of thought.

 

[spiritfilledjm]

I can understand wanting to ensure that they at least interview minorities and whatnot, as ensuring that they get a chance to at least be heard is still something that is needed. However, the position should always go to the most qualified applicant, period.

 

[GreekOrthodox]

I can understand wanting to ensure that they at least interview minorities and whatnot, as ensuring that they get a chance to at least be heard is still something that is needed. However, the position should always go to the most qualified applicant, period.

Now that I've been doing interviews for hiring, that's honestly a very difficult question depending on the position. We've made a few hires for positions for hospital clinical technical positions and honestly, the most technically qualified people have failed miserably in these roles. On paper they look fantastic. However, they often don't have the people skills that are required for what appears to be a purely technical role.

 

[RDKirk]

I can understand wanting to ensure that they at least interview minorities and whatnot, as ensuring that they get a chance to at least be heard is still something that is needed. However, the position should always go to the most qualified applicant, period.

"Most qualified" is frequently a coin toss, or merely a matter of a personal bias, such as graduation from a particular school. That's the kind of thing hiring officials must be wary of, even within themselves.

 

[spiritfilledjm]

Now that I've been doing interviews for hiring, that's honestly a very difficult question depending on the position. We've made a few hires for positions for hospital clinical technical positions and honestly, the most technically qualified people have failed miserably in these roles. On paper they look fantastic. However, they often don't have the people skills that are required for what appears to be a purely technical role.

I was going to make that point as well but also thought about the fact that the interviewer may say no based on how they conduct themselves, talk, and things like that which, in and of itself can be racial discrimination. Like, a doctor or nurse can have graduated from school Valedictorian, leaps and bounds ahead of their peers, and even had their hand in scientific discoveries in medicine while in school. However, once they get in a hospital setting, dealing with patients, it turns out that they have no bedside manner to speak of making them a terrible Doctor in the end because no patients like them.

Disclaimer: I know nurses and doctors have clinical and residencies that they must complete satisfactorily before completing school, just using it as an example lol.

 

[spiritfilledjm]

"Most qualified" is frequently a coin toss, or merely a matter of a personal bias, such as graduation from a particular school. That's the kind of thing hiring officials must be wary of, even within themselves.

It's kinda like what Psalti said, just because they got the best grades and have referrals from professors, does not mean that they'd do better than one who may not have had the best grades but still obtained a degree.

 

[RDKirk]

One of world's largest investment firms will need permission to hire White men

Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.

Literal double standards for white men and monetary incentives to not hire them.

The firm will still hire White men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

Does anyone actually see this as a good way to improve upon the days when racial discrimination was the norm? By making racial discrimination the norm?

You have posed a disingenuous post about the actual situation presented in the article.

There is no "permission" to be asked by anyone. That is not even implied in the article.

The company has set diversity goals. Hiring managers will be required to show that they have at least interviewed a diverse range of applicants. I suspect that in practice, as happens historically, most of those will go to white women.

Managers who achieve corporate goals get positive remarks and bonuses...that is standard for the achievement of any corporate goal.

 

[rturner76]

I think it is advantageous for a company to hire a diverse group of people, especially in customer service roles. You want to be able to relate to as many people as possible. Having more diversity can open new revenue streams in their perspective communities. If they came from the working class, they will have more working-class connections to expose them to investment opportunities.

 

[GreekOrthodox]

I was going to make that point as well but also thought about the fact that the interviewer may say no based on how they conduct themselves, talk, and things like that which, in and of itself can be racial discrimination.
Disclaimer: I know nurses and doctors have clinical and residencies that they must complete satisfactorily before completing school, just using it as an example lol.

My company sends you through the interview gauntlet. These are field positions so it is normally 6-8 phone interviews and then the candidate normally gives a presentation so we can judge their teaching and presentation skills. Then the interviewers have a online meeting to discuss and provide our own recommendations to the hiring team. Once someone is hired, we know it is a steep learning curve so I'm one of the training mentors and it may take 6 months for someone to finally get an inkling of what the work entails. So I do a LOT of hand-holding for new folks. Anymore, we look for people skills which don't show up on a resume over hard-core IT technical skills.

 

[Aussie Pete]

Morning/Evening Aussie,
I'm not arguing that the CEO pay and bonuses are ridiculous. The interview that I heard was with Chamath Palihapitiya, a Sri-Lankan born venture capitalist. One of his comments was that the typical MBA are all trained to think the same way by all of the schools and have very little diversity of thought.

I think it is advantageous for a company to hire a diverse group of people, especially in customer service roles. You want to be able to relate to as many people as possible. Having more diversity can open new revenue streams in their perspective communities. If they came from the working class, they will have more working-class connections to expose them to investment opportunities.

I wish that there were more Australians in customer service roles. Most times, my enquiry is answered by someone from the Philippines or India. I am sure that they are intelligent and hard working. After 20 minutes on the phone waiting to be put through, I then have to deal with a near unintelligible accent. Customer "service" outsourced to Asia is purely in the name of dollars.

It should be the most qualified. If the job states must have a second language, fine. That will broaden the scope of the business. But if it is in the name of diversity for the sake of it, just wrong.

Education is much overrated these days. Business is starting to realise that.

 

[RDKirk]

I wish that there were more Australians in customer service roles. Most times, my enquiry is answered by someone from the Philippines or India. I am sure that they are intelligent and hard working. After 20 minutes on the phone waiting to be put through, I then have to deal with a near unintelligible accent. Customer "service" outsourced to Asia is purely in the name of dollars.

It should be the most qualified. If the job states must have a second language, fine. That will broaden the scope of the business. But if it is in the name of diversity for the sake of it, just wrong.

Education is much overrated these days. Business is starting to realise that.

"Hello, this is Bob," and I'm thinking, "not with that accent."

About 15 years ago, I was supervising a call center in a Fortune 50 insurance company that had a specific policy to keep its call center reps in-country. Yet, we did have people with foreign accents. I recall one time a call was passed to me as supervisor from a customer who was hopping mad because he believed he had been passed to reps in foreign countries, and was outraged that the company was outsourcing customer service.

What had happened purely serendipitously is that we had reps who were originally--this is no lie--from Ireland, England, and Scotland all at the same time, and at various times this customer had called, he had gotten all of them.

My initial though was, "Who the heck complains about an English accent?"

My cube was not far from the Irish rep. He pronounced his name "Oh-Sheen." All day long, I heard him answering his phone, "Hello, this is Oisin...Oisin...Oh-Eye-Ess-Eye-In."

All...day...long.

 

[Whyayeman]

Education is much overrated these days.

There is an important difference between academic qualifications and the qualities required to do a job well. Many people remember a teacher who 'knew his stuff' but did not actually succeed in the classroom.

It is worthwhile for several reasons - profitability, widening market reach, diversifying talent within the company, public approval of the company being some - to appoint a good range of talents. Applicants should not be restricted by a recruitment policy which too easily disqualifies good candidates.

It seems to me that this company - and one hopes many others - have come to this conclusion.