In an email to employees on 15 March, Goldman Sachs' CEO Lloyd Blankfein and COO David Solomon have committed to having 50% of women in the company's workforce globally.
"Effecting change requires time, the collective focus of our people, and new thinking to drive incremental, but meaningful, progress for our firm," the memo said. Accordingly, the first step is to have women make up 50% of the bank's incoming analyst class, which has a target of the year 2021.
"In addition, we are working to increase the number of women and diverse professionals who join our firm through our lateral hiring efforts," they added.
The memo read: "The advancement of women in the workplace – and more broadly the state of diversity at our firm – is top of mind for all of us. While we have made progress in recent years on women’s representation and ethnic and racial diversity, there is still significant progress to be made."
It also addressed the issue of equality of pay between women and men. "At Goldman Sachs we pay women and men in similar roles with similar performance equally," the memo read.
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