Oct 21, 2019 - Economy

JPMorgan Chase unveils second-chance hiring policy

Mike Allen

Skyscraper building of JP Morgan seen in Hong Kong. — A JPMorgan building in Hong Kong. Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images

As part of a trend of increased corporate activism, JPMorgan Chase will announce Monday a new public policy agenda that includes an expanded effort to help people with criminal backgrounds re-enter the workforce.

Why it matters: JPMorgan Chase Chairman and CEO Jamie Dimon said providing second chances helps businesses "reduce recidivism, hire talented workers, and strengthen the economy."

Heather Higginbottom, president of the JPMorgan Chase Policy Center, said the effort will include affordable housing and access to capital.

Dimon, who led the Business Roundtable to a new definition of the purpose of a corporation that goes beyond shareholders, told me in an interview that both the bank and the BRT plan to bolster that message.

"We have a whole bunch of stuff that will be coming out of the BRT — what we do for consumers, what we do for employees, what we do for communities, what we do in education, what we do in infrastructure."

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JPMorgan Chase unveils second-chance hiring policy

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