Goldman Sachs to set recruitment goals for entry-level

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  • 18 Mar 2019 12:00 AM
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Goldman Sachs Says It Wants Half of Its Entry-level Recruits to Be Women

Ahead of a deadline to release gender pay-gap numbers in Britain, Goldman Sachs said on Monday that it is boosting its efforts to improve diversity at the investment bank, setting goals for the first time for hiring black and Latino associates and saying it will tie top leaders’ pay and promotions to their progress on those goals. In a memo to employees on Monday, chief executive David Solomon said the bank was expanding a year-old goal of 50 percent female recruitment in the crop of analysts it picks from college campuses each year. It will now include in that goal people hired laterally into entry-level jobs and set goals for several diverse groups. In addition to having women make up half of all incoming Goldman analysts and entry-level associates — representing 70 percent of the bank’s annual hiring — the bank aims to have 11 percent of those recruits be black and 14 percent be Hispanic/Latino in the Americas. 

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