JPMorgan Chase bank, the world's largest investment bank, is seeking to hire criminal record owners to give them a second chance by committing to decent work.
Meanwhile, United States has the lowest unemployment rate in nearly 50 years, but many categories are deprived of these reasons because of a previous felony, and this is what the bank seeks to modify. The bank announced on Monday to facilitate access to economic opportunities for local communities.
The bank initiative is strange because of it's rigidity in employment, as it is enough to have a simple note in the credit record of the candidate for a job in a bank to be excluded immediately.
US JPMorgan Bank
Jimmy Damon the JPMorgan CEO, said that when no one is able to get through the recruitment portal and is automatically deprived of it, it is bad for businesses and for a society that needs access to economic opportunities.
On other hand, the United States loses about $ 90 billion a year in gross national product as a result of the exclusion of people with criminal backgrounds, while the bank seeks to recruit the right people to work in primary jobs such as; transaction processing and account service.
Noteworthy, more than two million Americans, are imprisoned each year, while about 700,000 prisoners are released each year to return to their communities. However, 40% of those released return to prison within three years lack training, knowledge and skills required for successful return to their communities.
Later, the City Council approved JP Morgan Chase’s bank plans for a soaring 70-story tower to replace the Union Carbide Building in East Midtown. The new tower will consolidate all of JPMorgan Chase’s employees in one building and will come with a 10,000 square-foot privately owned public space after Community Board 5 and elected officials pushed for more square footage, according to Eurbed.
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