Discrimination costs more than you know

Black stockbrokers in America have won a $160M lawsuit against their employer whom they say ran their business like a university “fraternity.” White employees were given better conditions and opportunity for advancement plus they got all the new clients.

The employer tried to argue they weren’t racist but instead that they were merely responding to the corporate American climate. They say clients preferred working with white stockbrokers. This case of organisational discrimination illustrates that companies cannot perpetuate bigotry.

By claiming that society is to blame this company they was actually facilitating discrimination. The firm will now offer mentorship to help Black empolyees progress their career. Mentorship is only part of the solution. Organisational policies should always include ongoing equity and diversity training to ensure that all employees at all levels of the company understand their rights and responsibilities. It’s hoped that the case will inspire industry change.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s