If big banks believe "diversity is our strength" why do some use psychometric tests to ensure they only hire applicants with explicitly similar temperaments and traits?
Always thought that was a little funny
"Hey guys we're going to do diversity recruitment because diverse thought leadership is our greatest strength and what makes us great. Also though, we're going to give everyone a psychometric test and only take candidates that have the exact same psychological temperament as us to make sure there's no actual intellectual diversity. This way we can make sure even the female candidates are Type A Hardos like us that drink the corporate kool-aid!"
I mean do we want diversity or do we want to explicitly reduce diversity and variability? Or is the distinction that Diversity of skin color is a strength, whereas diversity of thought is a cancer?
diversity means no white people
Nice try HR, I’m not falling for that one
Because it’s all performative. They don’t want diverse employees; they want employees who look diverse so they can point at them and say LOOK LOOK WE GOT ONE! It’s the institutional equivalent of “we can’t be racist we have a black friend.”
Bro banks are companies who give zero shits about diversity or the environment - they purely exist to make money and generate a return for their shareholders. Unfortunately or fortunately for them, certain institutional investors decided to assign ESG scores to every company and moreso refuse to invest into a company who doesn't meet an abritary ESG threshold. Therefore, in keeping with prioritising returns for shareholders, banks upper management realised it would be more cost effective for the bank to introduce diversity quotas to meet these ESG thresholds (involving race and gender quotas, but not personality traits like you described), even if it meant hiring on average poorer quality analysts, as they would lose less money by doing this than if their ESG score was downgraded.
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