Wells Fargo Joins OneTen Coalition to Hire, Upskill and Advance Black and African American Talent in the U.S.

Wells Fargo & Company (NYSE: WFC) today announced support 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.

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Male Wells Fargo employee shaking hands with another male in front of a teller line. (Photo: Wells Fargo)

“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.” OneTen’s 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. OneTen 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.