Catalyst announced that Baxter International Inc., CH2M HILL, Gibbons P.C., and KPMG LLP are the recipients of the 2009 Catalyst Award, the annual award that honors exceptional initiatives from companies and firms that support and advance women in business. Of particular note, this year's Award-winning initiatives - the first pan-Asia Pacific initiative, the first initiative from the construction-engineering industry, an initiative central to a law firm's branding, and an initiative that engages all employees - reflect true innovation and the success of a customized approach.
Gibbons' initiative, The Women's Initiative: Driving Success Through Diversity Investment, has contributed to and continues to support a workplace culture that is flexible, innovative, engaging, and inclusive. It is embedded in the firm's business development strategy and has become critical to its branding in the marketplace. In 2007, The Women's Initiative generated more than six percent of the firm's annual revenue. Women currently hold 21.1 percent of equity director positions, and the number of women directors overall increased from 13 percent in 1997 to 19 percent in 2008. Women of color directors increased from zero to 4.1 percent in the same timeframe. Women also chair three of the firm's nine practice groups.
KPMG's initiative, Great Place to Build a Career, is a comprehensive set of programs, resources, and benefits that has transformed the firm into an inclusive employer of choice that partners and employees, including women and people of color, consider a great place to work. 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.
Baxter, CH2M HILL, Gibbons, and KPMG will present in-depth discussions on their initiatives at the 2009 Catalyst Awards Conference at the Waldorf= Astoria in New York City on March 31, 2009.
For more information about the 2008 Catalyst Awards Conference & Dinner, please contact Michael Chamberlain, 646-388-7770, firstname.lastname@example.org.