DEI in Finance: L&D’s Role in Equitable Recruiting and Onboarding

In 2020, conversations around race and privilege made headlines across the country. Since then, diversity, equity and inclusion (DEI) initiatives have become a top priority for many organizations. The financial industry is no exception. With large financial institutions taking action to diversify their ranks and create a more equitable working environment, learning and development (L&D) programs, especially around recruiting and onboarding, play a critical role.

Let’s explore the recent shifts that are emerging among financial institutions as they embrace DEI principles, along with takeaways for L&D professionals.

Expanding The Reach Of Recruiting Efforts

Most prominent financial institutions are known for recruiting aggressively at prestigious schools, including Ivy League colleges and other universities that consistently rank high on lists of the top academic institutions. But as the industry increases its commitment to DEI initiatives, many firms are broadening the scope of their recruiting efforts to include additional colleges and universities, as well as academic programs outside the boundaries of their traditional criteria. Financial firms are also establishing new programs and partnerships aimed at bringing a more diverse population into their organizations.

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