The Capital Group Companies, Inc., (CGC) is a privately-owned global investment management organisation that manages assets for publicly owned mutual funds and institutional accounts (such as corporations, public funds, endowments and high-net-worth individuals).
Challenge: the need for inclusive and objective hiring
Capital Group acknowledges the importance of diversity and equality in the workplace. They sought to establish a more inclusive and objective hiring process that would ensure a fair evaluation of all candidates. Traditional hiring methods often fall short in providing equal opportunities, as some candidates may have an advantage by preparing specifically for the assessments. This disparity in preparation could lead to an unfair selection process.
To address these concerns, Capital Group set the goal to implement an objective screening mechanism and establish an internal team benchmark in an unbiased manner.
Implementation of Equalture
Results: better understanding of early career candidates
The implementation of Equalture yielded significant positive outcomes for Capital Group. By using Equalture in their hiring process, Capital Group was able to better understand their early career candidates, allowing them to prepare targeted questions and focus on candidate competencies and potential. The Equalture reports provided crucial insights into each candidate’s behaviours, strengths, and weaknesses, enabling managers to identify areas where additional support and development might be required.
Capital Group’s commitment to creating an inclusive experience for candidates was evident through their improved candidate experience rating of 4.3/5. The adoption of Equalture played a key role in providing diverse early career candidates with a better understanding of themselves, enhancing their overall experience throughout the hiring process.
Comments left by candidates:
- It was a different application process rather than the standard essay-based questions that most applications have. it tests your skills and how you think about solving problems.
- Incredibly fun and thought-provoking in a creative and non-mundane way.
Claire Stewart, the Talent Management Business Partner at Capital Group, expressed her satisfaction with the partnership with Equalture. Despite the short-term decline in hiring volumes, Capital Group remains optimistic about their continued collaboration with Equalture for their early career hiring needs.
This strong partnership ensures that Capital Group can uphold its commitment to diversity, equality, and an objective hiring process, making them an employer of choice for a wide range of candidates.