Dive Brief:
- According to Fast Company, two former Goldman Sachs analysts have launched a recruiting platform, called Jopwell, designed to connect major companies with minority job candidates.
- Fast Company reports that Jopwell looks to deal with employers, mainly those in the tech sector, who complain that the traditional talent pipeline is lacking for sourcing minority candidates. Relying on employee referral efforts is not working either, employers add.
- On top of that, tech companies realize that boosting diversity, apart from being just an intrinsic "good thing," is also good for the bottom line.
Dive Insight:
Fast Company reports that 45 employers, including Goldman Sachs, Facebook, Buzzfeed, Morgan Stanley and others, are using Jopwell’s subscription-based platform to access "thousands" of student and professional Black, Hispanic or Native American applicants.
The article notes that achieving a 5% diversity number would be positive for most tech employers. But according to one of the Jopwell founders, the main issue is "diversifying the entire company," and that "there are so many jobs in sales, legal, finance" and plenty of minority candidates to fill them.
However, Fast Company adds that Jopwell was not created to fill diversity quotas. "We want to insure the pipeline is diversified," Porter Braswell, one of the founders, told Fast Company. "Just consider people who haven’t been represented. Then [companies can] go hire the best candidates."
