Wells Fargo & Company announced its support earlier this month for OneTen, a coalition that brings U.S. companies together to improve hiring, retention, upskilling and advancement of Black and African American talent by creating one million family-sustaining careers over the next 10 years and fostering more diverse and inclusive corporate cultures.
“As we continue to drive change at Wells Fargo, we are excited to join the OneTen coalition, which can play a significant role in our efforts to advance diversity, equity and inclusion at the company and in the communities we serve,” said Kleber Santos, Head of Diverse Segments, Representation and Inclusion at Wells Fargo. “We are looking forward to working with OneTen to find ways to alleviate some of the barriers that hinder advancement.”
OneTen is a coalition “committed to ensuring that Black and African American talent with the skills and aptitude to earn success also have the opportunity to achieve success.” Its mission aligns with commitments set by Wells Fargo to create a more diverse, inclusive and equitable workforce at the company. These commitments include:
- Increasing recruiting staff for outreach to diverse communities
- Partnering with senior leaders to enhance focus on recruiting, promotion and development programs for diverse talent
- Expanding participation in national diversity events, along with a commitment to potentially interview and hire on the spot
- Requiring senior leaders to identify and engage with external diversity-focused organizations related to their line of business or function
- Increasing focus on skills-based hiring
- Factoring DE&I metrics into senior leader compensation
Established in December of 2020 by leading executives, OneTen works with coalition members on a skills-based approach to both source talent for open roles and upskill / promote existing talent within company organizations. The coalition encourages companies to identify roles that pay a living wage, have a low risk of being automated, do not require a four-year degree, and focus on the applicant’s skill set, demonstrated experience, and ability to execute the role.
“We are thrilled to have Wells Fargo join the OneTen coalition and embrace our mission to catalyze opportunities for Black talent to grow the United States economy, specifically in the financial services sector,” said Maurice Jones, Chief Executive Officer of OneTen. “At OneTen, we believe that connecting Black talent with family-sustaining careers will transform the prospects of those families, companies and the American project. We look forward to working closely with Wells Fargo to achieve our common goals.”
Wells Fargo, now one of nearly 50 companies that are part of the OneTen coalition, will begin the onboarding process that includes determining the number of jobs, geographic locations, new hires and promotions the company will target as part of the commitment. OneTen matches its coalition members with talent developers that will align their working groups to help source candidates for positions. Wells Fargo also will participate in quarterly Community of Practice gatherings that bring the leadership of coalition companies together to inspire and share information and best practices as each works to achieve goals of this commitment.
“Joining this coalition gives Wells Fargo another great resource and partner to reach diversity and inclusion goals in our workforce,” said Carly Sanchez, Head of Talent Acquisition, Wells Fargo. “OneTen brings a unique approach to sourcing talent and we are looking forward to working with the team to expand employment opportunities and identify a broader pool of talented candidates who are a great match for Wells Fargo positions.”