Tesla drops minority-worker language after Musk’s rants over diversity initiatives
On X, the social network he owns, Musk said "DEI must DIE," referring to the acronym for diversity policies.
Racial bias
Tech tool wants to track anti-Asian discrimination at work
Stand With Asian Americans is launching a new tool this week for people to make complaints about bias they've experienced at work.
The retirement savings race gap is wide and growing
In recent decades, a stubborn savings gap has persisted between white and Black Americans.
State Farm, Walmart and Target join the fight to end racial disparities in healthcare
The corporations join a coalition launched by Grand Rounds health and Doctor on Demand.
‘Put your money where your mouth is’: Employers stumble on what’s next for DEI
Despite vocal promises to improve diversity and inclusion in the workplace, discrimination is still rampant and employers aren’t doing enough to advance their efforts.
McDonald’s plans to double down on DEI efforts
The fast-food giant announced a commitment to diversifying its supply chain and boosting minority representation in leadership.
BlackRock revamps bias and harassment policies after review
The asset manager is adjusting policies and practices after employee complaints and allegations.
Floyd killing forces U.S. business to examine its record on race
Since Floyd died under the knee of former police officer Chauvin on May 25, more than 80 companies in the S&P 100 have promised to improve hiring for Black and other minority workers.
Best of the week: Addressing bias in employee benefit programs
This week’s top stories explore how employers are attempting to reduce bias in the benefits they offer to help employees succeed.
Unconcious bias training may hurt corporate diversity efforts
The movement against unconscious bias training, once a key element of employers’ diversity and inclusion strategies, is growing.
Bank of America ups equality pledge to $1.25 billion amid anti-Asian racism
Bank of America pledged an additional $250 million toward its push to advance racial equality, adding more programs that advocate for Asian Americans to its existing initiatives. Read more: How AI can eliminate bias in compensation practices The lender will commit $1.25 billion over five years, expanding an earlier pledge of $1 billion over four […]
Black unemployment rate rises despite declines for all other groups
Pandemic job losses have disproportionately impacted minorities.
Amazon sued for alleged race, gender bias in corporate hires
Amazon’s lack of racial and gender diversity in its corporate ranks is common throughout the technology industry.
Best of the week: Employers want to close the workplace diversity gap
Benefits, professional development opportunities and unconscious bias training are all important tools to address workplace diversity.
BlackRock, accused of discrimination, says it can do better
Two former employees alleged they experienced racial and religious discrimination while working at the firm.
Minority-owned small businesses report much weaker financial conditions
Firms owned by Asian, Black or Latino Americans were more likely to report “fair” or “poor” financial conditions in the face of the COVID-19 crisis.
Podcast Access Denied: The financial media
Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism.
Benefits Think Healing racial trauma in the workplace
During times of social change, there is the potential for people to be exposed to events that register in a person’s brain and body as trauma. The negative affects can accumulate and have an impact on a person's work and well-being.
Jennifer Sumiec
Empathia
Podcast Access Denied: Allocation and exacerbation
The flow of assets and capital in manager selection, municipal bonds and business and mortgage capital reveals forms of systemic racism that often get overlooked.
Podcast Access Denied: Representation
The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.
