A team of CRA consultants was hired by a national retail and investment bank to assess claims that financial advisors were discriminated against based on gender. We integrated numerous data sources, including production data, compensation data, and detailed account information down to the transaction level. Our analysts compared the production, compensation, bonuses, and account reassignments from departing brokers to male and female advisors and found that that the practices of the bank were not consistent with the claims of the plaintiffs, particularly in outcomes that involved discretion on the part of decision makers. CRA’s team also assisted the client in the production of various data sources.
Artificial intelligence in human resource management: Realizing its potential and best practices
The increased availability and ease of use of artificial intelligence (AI) tools promise to streamline and enhance human resource (HR) decisions with potential...