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American Society of Women Accountants report offers ideas to boost diversity
The American Society of Women Accountants (ASWA) has issued a new report making several recommendations for how companies can increase hiring of women and minorities in the accounting and finance professions, especially in high-level positions. In the report, entitled “2012 ASWA Special Report on Solutions to Increase Diversity in the Accounting and Finance Fields,” ASWA […]
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The American Society of Women Accountants (ASWA) has issued a new report making several recommendations for how companies can increase hiring of women and minorities in the accounting and finance professions, especially in high-level positions.
In the report, entitled “2012 ASWA Special Report on Solutions to Increase Diversity in the Accounting and Finance Fields,” ASWA examines what both employers and employees can do in order to increase diversity numbers at all levels of the accounting and finance profession, with a special emphasis on the top rungs of the career ladder.
“ASWA is troubled by the lack of diversity at the top of the profession,” ASWA National President Cheryl Heitz said in a news release. “It is important for any employee to feel valued at their place of work. We see minorities and women drop out of the profession when the organization’s policies and culture conflict with minority and women’s needs and expectations.”
The report explores the importance of introducing minorities and women to the accounting and finance fields at a young age. Then, in order to encourage retention and advancement, organizations need to implement structural mechanisms that foster a welcoming company culture where motivated and skilled minority and women professionals wish to stay, ASWA says.
The organization adds that it is equally important for minority and women employees to focus on personal career advancement. The report cites programs in the accounting and finance fields and highlights successful diversity initiatives in other industries that have made significant strides towards the diversity goals ASWA has set.
Highlights of the 2012 ASWA Special Report on Solutions to Increase Diversity in the Accounting and Finance Fields include:
– Bring exposure to the industry by educating students about accounting and finance
– Businesses can implement structural mechanisms and programs that foster growth opportunities and promotions
– Companies can create an inclusive culture by educating employees about the benefits of retaining a diverse staff and the
unique challenges diverse employees face
– Diverse individuals should take certain steps to focus on personal career advancement
ASWA issued the special report in conjunction with its 2012 ASWA Annual Conference for Accounting and Financial Women — “Connect. Advance. Lead,” held in San Diego, Calif. Oct. 22-24.
The full ASWA special report is available at http://bit.ly/ASWAResearch.
HealtheConnections’ HIE moves past 1 million CNY patient records
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OCC adds new partner to higher ed center
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New bill would encourage high-tech growth
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ConMed profit, sales rise in Q3
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State tax revenue off by 0.2 percent from last year
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Profit at Berkshire Hills rises in third quarter
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Nortek Powder Coating adds Web store, plans expansion
ROME — A new Web-based service allowing customers to purchase powder paint from Nortek Powder Coating, LLC should accomplish two goals for the Rome company. First, it will allow existing and new customers to order powder paint easily online, sparing the need to make a phone call to place an order. Second, it will free
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ROME — A new Web-based service allowing customers to purchase powder paint from Nortek Powder Coating, LLC should accomplish two goals for the Rome company.
First, it will allow existing and new customers to order powder paint easily online, sparing the need to make a phone call to place an order. Second, it will free up Nortek’s employees to focus on its growing custom mixed-paint business as it looks to expand its Rome facility.
Launched in September, the Nortek MiniPack Web service allows customers to purchase smaller quantities of the company’s standard colors online, around the clock. Customers can choose from about 75 colors in quantities up to 55 pounds at shop.nortekpowder.com.
The site is ideal for customers who don’t need large quantities of paint or a custom color, says Eugene Yelle, marketing consultant for Nortek. It also gives prospective customers a place to order a small quantity of powder paint to try out, he adds.
Powder paint is used in the powder-coating process, where dry paint powder is electrostatically applied and then cured in an oven. The process, which does not use any solvents, is very low in volatile organic compounds (or VOCs) making it an environmentally friendly way to replace traditional liquid painting, Yelle says.
Powder coating is used in a number of industries including automotive, agriculture, aerospace, construction, electronic equipment, fitness equipment, outdoor furniture, playground equipment, and transportation.
Because of its green element, more companies than ever are looking at powder paint as an option, Yelle says. Nortek’s online store now gives those customers the opportunity to buy paint without having to listen to a sales pitch. They can just buy a small batch and test it out, he says.
At the same time, it leaves Nortek’s 11 full-time employees free to work on the company’s growing business of mixing up batches of custom colors and textures for customers, Yelle says.
“In the industry, there’s a pretty big demand for custom colors,” he says. Larger companies, such as DuPont, typically don’t want to bother mixing custom colors unless it’s a large batch, which left a void in the industry for smaller businesses that still wanted custom colors. That’s where Nortek has carved its niche, Yelle.
Nortek’s president, Borin Keith, designed custom equipment that allows Nortek to efficiently mix custom colors, and that business has been steadily growing, Yelle says. Overall, the company has seen its sales grow 75 percent over the past three years, and hopes to keep that growth going with the new website as well as plans to expand its Rome facility, he says.
Currently, Nortek leases 30,000 square feet from Mohawk Valley EDGE at 5900 Success Drive in Rome. After eight years at the site, Nortek is ready to expand and is in the process of buying the building from EDGE, a move that will give it another 15,000 square feet, Yelle says.
While it’s too early to speculate how much the new online store will increase sales, Yelle says the hope is that Nortek continues its growth and is able to hire an additional five or six employees over the next two years.
Established in 2005, Nortek Powder Coating (www.nortekpowder.com) can handle both small and large production runs with a capacity of more than 10 million pounds of paint annually. The company, which does not release sales figures, has a staff of nine salespeople.
Contact DeLore at tdelore@tmvbj.com
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