Law is about to come in New York according to which the pre-screening or testing of applicants will be illegal that’s why one of the biggest banks of Wall’s Street, Citigroup is planning to stop its policy of drug testing of its new employees.
The less social bank, Citigroup, working under Michael Corbat has a policy of testing the presence of drugs in its applicants before hiring. That’s why it is considered the most annoying firm on Wall Street.
On Tuesday, Citigroup’s upper professionals confirmed that they are going to put a break to the testing of marijuana as they are going to make changes in their rules.
This action taken by Citigroup is coming a year after the action taken by it against a Californian dispensary Citidank. That dispensary was warned by Wall Street’s bank for not using its logo and name, after which the Canadian dispensary had changed its name.
The council of New York City passed a law which states that companies are not allowed to do a screening of applicants and if done then this act will be illegal. The final signature of the mayor over this law has not yet done but it is confirmed that this law will be passed.
One person who knew about bank‘s plan said that this law is not just applicable to New York but it will also be equally implemented in the United States soon. That’s why the City group will not be the first bank to be restricted for pre-screening or testing of drugs.
The firm Goldman Sachs run by David Solomon does not have any rules or policies under which they do the pre-testing or screening of applicants who come to their organization before hiring.
In the same way, James Gorman who runs Morgan Stanley did not work on policies of verification of drug in their applicants’ veins.
All these reports found from other firms show that a firm can run without these tests and when asked about the same, the spokesperson of Citigroup Elizabeth Kelly refused to answer.