Ahead of a deadline to release gender pay-gap numbers in Britain, Goldman Sachs said Monday that it is boosting its efforts to improve diversity at the storied investment bank, setting goals for the first time for hiring black and Latino associates and saying it will tie top leaders’ pay and promotions to their progress on those goals.
In a memo to employees Monday, chief executive David Solomon said the bank was expanding a year-old goal of 50 percent female recruitment in the crop of analysts it picks from college campuses each year. It will now include in that goal people hired laterally into entry-level jobs and set goals for several diverse groups.
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