Companies should reconsider their campus hiring strategy, experts proclaim, if the goal is to increase the representation of women and minorities in leadership while also closing any pay gaps.
Years of aggressive recruiting efforts by admissions officers at elite business schools have resulted in more diverse classrooms, The Wall Street Journal reports. Large U.S. firms such as Citigroup Inc. and Goldman Sachs Group Inc. have recently announced efforts to diversify its ranks.
Elissa Sangster, a former assistant dean at the University of Texas McCombs School of Business, said women and minorities at times get steered into lower-paying roles or prompted to seek out smaller, boutique firms that may give them more career flexibility but smaller paychecks.
Recruiters from firms with few female or minority executives should discuss the support and mentorship prospective employees will receive to ensure they thrive, said Sangster, who is now chief executive of Forté Foundation, a nonprofit that seeks to increase the number of women in c-suite roles by covering their costs to earn an M.B.A.
“If you don’t have that conversation at the outset, you leave room for students to think the company doesn’t have a plan for you,” she said. Read the full story.