KPMG, LLC is a U. S. corporation that specializes in corporate accounting, taxes and financial advisory. They are one of the Big Four accounting firms in the United States. According KPMG’s home page of their website, the parent company KMPG International operates in countries around the world and has 162,000 staff, with average annual salaries of $153,000, and total annual revenues of $24.8 billion. This level of success does not happen randomly. As an international company, KMPG is dedicated to diversity and recognizes the benefits of diverse staff, partners, suppliers, and clients. KMPG’s diversity and inclusion plan has an infrastructure that includes a Diversity Advisory Board, Diversity Networks and Councils, and meaningful metrics. …show more content…
The DAB has a mission to ensure the recruitment, advancement, and retention align with the Diversity Strategy Plan. They also ensure the diversity social network events align with their goals. Being an international corporation, each region has their own DAB. The United States chapter DAB meets with the national diversity networks. The DAB also advises the Board of Directors and the Management Committee on diversity objectives, progress, and new opportunities for resources, outreach, and organizational partnership opportunities to maintain a diverse …show more content…
Paid internships are offered annually each winter and summer. These internships are recruitments through college site based events and through an on-line application process and include a strong training program to prepare them for permanent positions. KPMG has partnered with Howard University, a nationally ranked college primarily African-American, to create a Student Business Executive Leadership Honors Program committed to developing leadership skills in highly motivated minority undergraduates. They are also sponsors of the Out for Undergraduate Business, which is a conference where KPMG representatives are able to network with lesbian, gay, bisexual, and transgender business students. These recruitment outreach programs work. In 2014, nearly a third of all full-time hires were ethnically diverse employees and women were more than 45% of all full-time hires (KPMG Diversity and Inclusion Facts, April
As diversity and inclusion gain more attention in the society, more research has been done on their impact to organizations. Not too long ago, organizations implemented diversity management initiatives, such as affirmative action and equal employment legislations, just to fulfill their legal requirements (Jayne and Dipboye, 2004). However, diversity and inclusion have since then become a business imperative.
The Board of Directors has shown interest in the Hispanic Growth Strategy as well. They have also acknowledged the lack of diversity within their board and it’s an issue. Coopera suggested looking at an associate board position and considering bringing in key Latino community leaders to some of the board meetings during a meet and greet so that they are exposed to the Latino community, but also get to meet potential board candidates. Coopera shared these strategies have worked well for other clients.
Three ways of gaining executive commitment to diversity are to gather data and to assess the organizations current commitment to diversity to show where and why there is a need for change. The development of diversity council can also garner executive support because it offers a way for executive members of an organization to have a dialog with other members of an organization about diversity. Systematic changes are also necessary such as hiring from a diverse roster of candidates when filling a position. (Moodian, 2009,
I wanted to take a moment to thank you again for the time you spent with me on Tuesday morning. I know it isn't easy to take some time out of your busy schedule for an informational interview. Your willingness to provide me with additional information about the scope of works you do, makes me believe that this is the kind of job I would enjoy, as well as one where I can make valuable contribution both to the organization and healthcare at large.
Diversity is becoming a more increasing and ever changing dynamic to the business environment. Organizations can either embrace and grow with diversity or be left behind and die out. One of the organizations that is growing with diversity is Target. This paper will look at Target in depth on what they are doing right and wrong, what makes them a leader in diversity, and what leadership is doing to encourage diversity.
Our company has done great job in managing diversity so far. We rank in the 11th of the Diversity Incorporated Top 50, and rank the 8th of the Diversity Incorporated Top 10 companies, which has women in the executive committee. In our company, 29% employees in our company are minorities, we are concerned about diversity in work place, and we appreciate our employees’ opinions. We endeavor to provide equal pay and
organization’s goals and vision as it relates to diversity; (3) Recruitment and Retention serve as a
In an effort to increase diversity in certain job fields and corporations, companies will primarily look at historically black colleges and universities first. At a finance panel at Howard University’s school of business, a black MIT grad stated how her twin sister, who attended Howard, got more job offers than she did. There is a misconception that historically black colleges and universities lack proper training and job preparation. This most likely stems from people still believing that only white people are capable of success or teaching other people success. HBCU’s provide opportunity to students who may not have been exposed to those opportunities’ otherwise. Looking at graduation rates at non HBCU’s, black students at PWI’s have a lower graduation rate compared to their white counterparts(npr.org). When it comes to diversity most people assume diversity in color but there are more ways for places to be diverse. There is a lack of diversity at PWI’s when it comes to race, culture, and most importantly socioeconomic
The gold medal as IDEAL Employer for diversity MBA and undergraduate students goes to Google, followed by Walt Disney, Goldman Sachs and McKinsey (Universum, 2012). Disney, which prior to 2005 had always been at the top of the list, has regained a leading position thanks to its massive recruiting efforts and its strong consumer brand.
Diversity has been a hot-button topic for many of today’s companies. Diversity programming and initiatives are regularly implemented by organizations of all types and sizes. As it relates to an organization’s human resources operation, diversity will continue to be an ever-changing term as the work towards equitable treatment for all continues.
Diversity is a wonderful asset to an organization and brings with it many benefits. Employees bring in their own personal experiences and knowledge to the team (Burns & Kerby, 2012). Having diverse teams allows for the possibility to fix a problem or perfect a process by using different employee’s experiences and past knowledge to find solutions. A diverse workforce can drive economic growth and capture a greater share of the consumer market (Burns & Kerby, 2012). With diversity as a core value, the recruitment pool is widened to find the most qualified candidate and reduces employee turnover as a result. An organization can be highly competitive with a diversity initiative by adapting to a changing environment (Burns & Kerby, 2012).
In response to the growing diversity in the workforce around the world, many companies have instituted specific policies and programs to enhance recruitment, inclusion, promotion, and retention of employees who are different from the privileged echelons of society. The privileged groups may vary from one country to the next. The workforce of the world is a dynamic environment, and in order for this dynamism to be put to use for the benefit of organizations, they must develop an effective strategy for managing diversity. Global Diversity Management refers to the voluntary organizational actions that are designed to create greater inclusion of employees from various backgrounds into the formal and informal organizational
population. Companies need to focus on diversity and look for ways to become totally inclusive organizations because diversity has the potential of yielding greater productivity and competitive advantages (SHRM, 1995). Stephen G. Butler, co-chair of the Business-Higher Education Forum, believes that diversity is an invaluable competitive asset that America cannot afford to ignore (Robinson, 2002). Managing and valuing diversity is a key component of effective people management, which can improve workplace productivity (Black Enterprise, 2001).
Two additional governance bodies complement the work of this team: the Accenture Diversity Council, which makes decisions regarding inclusion and diversity globally; and the Diversity Advisory Forum, which recommends innovative approaches to the company’s diversity initiatives.