engage magazine issue 001 spring \'06 - Page 14

14 NEWS FOCUS News KPMG Named UK’s ‘Best Big Company To Work For’ KPMG LLP (UK) has been named the country’s ‘best big company to work for’ in the prestigious Sunday Times, Best Companies survey. The professional services firm topped the ‘big companies’ category for organisations with more than 5,000 employees. The Sunday Times Best Companies Awards are based on employee responses to a survey of 70 questions. KPMG came top in the following six out of the eight categories: Leadership, Wellbeing, My team, Fair deal, Giving something back, and Personal Growth. During 2005 KPMG extended its existing Managing for Excellence programme, first launched in 2004. The programme is an internal management initiative designed to ensure all employees with a direct role in managing people have the right support and tools to be highly effective. ‘Ethnic entrepreneurs need more support’ - Minority Business Association Despite figures stating that 250,000 ethnic minority enterprises throughout the UK are contributing around £13 billion a year to the British economy (London Development Agency), the Minority Business Association (MBA) in North Staffordshire believes young ethnic minority entrepreneurs need more support to fulfill their potential. The MBA, which was created in May 2004 to provide assistance for ethnic minority firms, is looking to forge stronger relations with the Learning and Skills Council (LSC) in order to address the skills shortages among ethnic minority groups. The results of the survey refer to small businesses in the North Staffordshire region and were based upon data and statistics submitted by 200 companies. Ethnic minority retailers generate £33bn New research commissioned by ATL, the Yorkshire-based specialist in diversity and enterprise development, has revealed that the 68,000 UK retail businesses owned by people from ethnic minorities are now responsible for sales of £32.96bn per annum. Diversity in Shopping also revealed that ethnic minorities provide more than one-in-eight (12.9 per cent) of the jobs in the retail industry - more than 373,000 people from all communities. The report finds that 55% of black and ethnic minority (BAME) retailers are ‘mainstream’ rather than ‘niche’ stores mainly serving their own community, perhaps best known for introducing Asian and other foods to the wider community. Although the average white-owned store was larger than the typical BAME store, BAME retailers were actually outperforming white-owned stores in general stores, electrical goods, furniture, hardware, and clothing. Ethnic minority retailers were more likely to buy direct from overseas than indigenous businesses (1 in 10) and there was evidence that the family, social and business networks of Asians, Chinese, Middle-Eastern and Turkish retailers meant they were rapidly developing import/export and wholesale businesses in competition with traditional white-owned wholesalers. The largest categories were 366 (white), 337 (Asian), 92 (black), and Chinese (38). The sample which came from across the UK, was drawn from all trade groups, including supermarkets, convenience stores, pharmacies, jewellers, electric shops, DIY and fashion. Diversity in Shopping concludes ATL’s Retail Link programme for developing and supporting successful BAME retailers in West Yorkshire, Birmingham and Leicester. The Retail Link programme was funded by the DTI Phoenix Fund. The report is the largest UK study dealing specifically with the scale of small and medium-sized Black, Asian and Minority Ethnic (BAME) retailers and the issues they face compared with whiteowned businesses. The research was carried out in February-March 2006 by Professor Joshua Bamfield, of the Centre for Retail Research at Nottingham, based on a survey of 1,000 small and medium retailers in the UK. engage SPRING ISSUE 2006