Goldman Sachs’ Global Head of Human Capital Management Jac Arthur adds, “In her expanded role, Megan will prioritize development and growth strategies for our people, with a continued emphasis on strengthening our leadership pipeline and ensuring our teams reflect the diversity of our clients and communities.”
Since taking over as chief diversity officer in April 2021, Hogan has driven inclusive culture initiatives and efforts related to the development, retention and advancement of diverse professionals. Through its One Million Black Women initiative, the New York City-based financial giant has committed $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to address the gender and racial biases that Black women have faced for generations, which have been exacerbated by the COVID-19 pandemic.
Goldman Sachs has also significantly expanded its diversity recruiting team to add more women, Black and Latino professionals to its workforce. “Talent has no limit, but opportunity does,” Hogan says. “We’ve been very thoughtful with building connectivity with all kinds of schools, such as Historically Black Colleges and Universities (HCBUs) and Hispanic-serving institutions, not only in terms of on-campus engagement, but also by building credibility with students and faculty by bringing them to Goldman Sachs to understand what we do and see the amazing diverse leadership at our organization.”
Hogan also credits the firm’s partnership with the City University of New York (CUNY) school system, which is centered on first-generation students and Pell Grant recipients, who traditionally display exceptional financial need. Of course, not everyone can afford higher education, even with scholarships and financial aid. Hogan says that’s why Goldman Sachs is shifting its recruiting strategy from prioritizing candidates with four-year degrees.
“We’re focusing on experience, not just pedigree,” Hogan says. “We’re really focused on how we look at credentials to look at work experience as an opportunity to bring talent into the firm. It’s another way to enforce that we’re looking for diversity of perspective, experience and nationality.”
Source: news.google.com
