Wells Fargo will pay $7.8 million to African American and female applicants
In their press release issued on August 24, 2020, OFCCP announced that Wells Fargo Bank N.A. pursued an early resolution conciliation agreement to address allegations of hiring discrimination. Wells Fargo has agreed to pay $7,800,000 in back wages and interest to 34,193 African American applicants who applied for banking, customer sales and services, and administrative support positions nationwide and to 308 female applicants for administrative support positions. The Bank will also provide 580 affected applicants with job opportunities as tellers, personal bankers, customer sales and service representatives, and administrative support positions. The agreement covers employees in retail bank branch AAPs and 42 FAAPs for 2020.
Founded in 1998, OutSolve has evolved into a premier compliance-driven HR advisory firm, leveraging deep expertise to simplify complex regulatory landscapes for businesses of all sizes. With a comprehensive suite of solutions encompassing HR compliance, workforce analytics, and risk mitigation consulting, OutSolve empowers organizations to navigate the intricate world of employment regulations with confidence.
Weekly OutLook
Featured Posts
VETS 4212 Report: What's Required
What Is an I-9 Authorized Representative?
Related Posts
Compensation Benchmarking: Save Your Q3/Q4 Hiring Goals
Does your hiring in the second half of the year feel like a moving target? This can happen when compensation expectations shift faster than most...
Form I-9 Compliance: Best Practices for Management and Completion
Employee onboarding includes so many moving parts, but few are as important as Form I-9 compliance. It doesn’t matter if you're hiring one employee...
Form I-9 Reverification: What Is It and Who Needs It for Compliance?
HR professionals already have enough on their plates, from recruiting and onboarding to benefits administration and compliance management. One task...