



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Diversity + Equity + Inclusion

The Talent Textbook: A lack of Black talent is a 'longstanding myth'

HR Dive

October 28, 2020

Diversity + Equity + Inclusion

The Talent Textbook: A lack of Black talent is a 'longstanding myth'

HR Dive

October 28, 2020

Photo by bruce mars

Diversity, equity and inclusion (DEI) experts, practitioners and academics have recognized that effective DEI practices at organizations require CEO commitment. But what happens when a CEO of a Fortune 500 company has made a commitment, yet claims there's a lack of Black talent for leadership roles?

Let me explain.

As protests for racial justice took place around the nation following the killing of George Floyd in May, companies began re-evaluating or creating DEI initiatives at the request of employees. In June, Wells Fargo CEO Charlie Scharf told staff in a memo that the company would soon tie executives' pay to progress in DEI, according to Banking Dive, and that the bank intended to double its number of Black leaders. However, in September, it was revealed that Scharf made the following comment in a memo during the summer, according to reports: "While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of Black talent to recruit from." 

"I was just floored when I saw the comment," Angelique Hamilton said. Hamilton is an HR practitioner and diversity and inclusion consultant advising small businesses and startups. She has 20 years of HR and operations experience. "I was really dismayed that someone in the C-suite, specifically a CEO, would make those types of remarks." It's a "longstanding myth" that there is a lack of Black talent for leadership roles, Hamilton said. 

For more on this, please visit HR Dive


DEI practitioners discussed recent remarks by Wells Fargo’s CEO and what a deep commitment to diversity entails

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events

Hire Virtue's Hiring Blitz & Job Fair

Houston, TX
-
to
August 6, 2025
View All Events
Related Articles

A Strategy for the Ages: Why Companies Need to Embrace Older Workers

Becki Murphy

June 11, 2025

Brands urged to join forces to halt ‘alarming regression on DEI’

May 29, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
