KPMG Wins 2009 Catalyst Award for Diversity Initiative
KPMG LLP's "Great Place to Build a Career" initiative is a comprehensive set of programs, resources, and benefits that has transformed the firm into an inclusive employer of choice which partners and employees, including women and people of color, consider a great place to work. Using diversity and inclusion as a strategic imperative to drive change, KPMG has built a culture of career growth, mentoring, and accountability that focuses on recruiting, retaining, and developing talented people from a diverse pool of backgrounds and experiences. In addition, feedback and ideas from partners and employees at all levels continually shape programs and tools to create change from within.
Since its launch in 2002, KPMG's "Great Place to Build a Career" initiative has been formalized among, communicated to, and embraced by all partners and employees at the firm with the goal of making KPMG an "employer of choice." The initiative consists of a robust recruiting strategy, including unconscious bias training for recruiters and a targeted mentoring program for new hires who are people of color. Other cornerstone components include transparency around career paths through an interactive set of online resources and tools, enhanced person-to-person career guidance provided by People Management Leaders—professionals who have an aptitude for career coaching—and a robust mentoring culture supported by a formal program with 6,000 mentors and nearly 10,000 mentees. Close tracking of mentoring pairs shows solid results. In 2008, turnover among mentored staff and managers was about 18 percent lower than turnover of those without mentors; for mentored partners, it was 50 percent lower. Other tracking mechanisms and formal accountability processes include monitoring human capital metrics such as retention and promotion rates and administering upward feedback, client engagement reviews, and employee surveys. Diversity goals and performance are also linked to compensation and bonuses for all partners and employees.
"Great Place to Build a Career" has demonstrated strong results for women. In 2008, women comprised 18.2 percent of partners, up from 12.9 percent in 2003. Also, women of color represented 10.2 percent of managing directors, directors, senior managers, and managers, up from 5.7 percent in 2003. Turnover among both women and men has decreased over the course of the initiative, dropping 36.3 percent for women and 24.5 percent for men between 2003 and 2008.
In choosing its annual award winners, Catalyst considers several aspects of an organization's diversity program including business rationale, senior leadership support, accountability, communication, replicability, originality and measurable results.
Just how hard is it to win the Catalyst award? Corporate award skeptics would say that far too many prizes are given to companies based on their ability to fill the tables at awards dinners. However, Catalyst is pretty well respected and it only passes out a handful of Awards each year, even though the group has over 400 members globally.
KPMG is the fourth of the Big Four to earn the award. Ernst & Young won in 2003, PricewaterhouseCoopers won in 2007 and Deloitte won way back in 1995.
http://www.catalyst.org/page/69/catalyst-award-winners
The concept for the video was created by Dennis Gelbaum, Managing Director/Executive Producer of Tribe Pictures, Chatham, NJ. For Tribe Pictures - Vern Oakley was the Director/Executive Producer and Felicia Jamieson was the Producer/Post Production Supervisor.
Dennis Gelbaum (http://www.dennisgelbaum.com) is an international award winning Producer, Director, Writer, Author and Inventor and is presently the Managing Director, Executive Producer of ramp it up entertainment, a full service creative boutique and brand experience agency and multimedia production company. He has worked with clients all over the world producing and directing hundreds of commercials, promos, trailers, music videos, live multimedia events (concerts, tours, festivals), multimedia interactive presentations (meetings, product introductions, in-store promotions and museum exhibits), corporate awareness and fund raising films/videos and hours of long & short form programming and content for theatrical release, broadcast, web and mobile.
Loading...
1:20
Ernst & Young Recruiter Q&Aby springboardr8,437 views
Link to this comment:
All Comments (0)