New Pinstripe Report Identifies Top Ten Diversity Recruiting Initiatives on Corporate Career Websites in the Securities Industry

Examines Best Practices in Diversity Recruiting Among Participants at 2005 SIA Conference on Diversity and Human Resources

BROOKFIELD, Wis., Nov. 3, 2005 (PRIMEZONE) — Pinstripe, a leading human resources outsourcing (HRO) and recruitment process outsourcing (RPO) services provider focused on talent acquisition and management for the global financial services industry, recently released a new report on Diversity Recruiting Best Practices in the securities industry.

The study, conducted in conjunction with Marquette University, is based on an in-depth analysis of the corporate career sites of the almost 500 major financial services firms, including those attending the Securities Industry Association’s (SIA) Diversity and Human Resources Conference, which was held September 15-16, 2005 in New York. The SIA conference is the only meeting specifically designed for Diversity and HR Executives in the securities industry.

"The SIA Conference attendees represent leading securities firms that have HR programs supporting diversity and valuing individual differences," said Anne Nimke, President and COO of Pinstripe. "From this pool of companies, we compiled a list of best practices that promote openness, integrate talent from all groups and encourage all employees to achieve their full potential. They are techniques that should be part of any effective diversity strategy, and illustrate how forward-thinking, successful financial services firms get great results in attracting diverse applicants, establishing relationships with diverse organizations, and sustaining a culture of innovation and respect."

The Top Ten Corporate Career Site Diversity Techniques and Initiatives, which are described in detail in the Pinstripe report, are: 1) Diversity Councils and Network Programs; 2) New Market Opportunities; 3) Diversity Messages from Key Leaders; 4) Partnerships with Educational Institutions and Minority Colleges; 5) Community Outreach and Partnerships; 6) Supplier and Recruiting Source Diversity; 7) Recognition Programs; 8) Scholarships and Internships; 9) Camps and Other Minority Student Programs; and 10) Employee Testimonials.

"Recruiting a diverse workforce is more than a corporate trend to include under-represented groups," Susan Marks, Pinstripe’s Chairman and CEO, said. "It is a business necessity in an increasingly competitive and diversified marketplace. Companies that institute diversity recruiting best practices — and promote them to potential candidates in such critical forums as their career websites — are able to foster a culture that truly values the richness, uniqueness andstrategic competitive advantages of a diverse group of employees."

To obtain a copy of the Diversity Recruiting Best Practices’ Executive Briefing, please visit www.pinstripetalent.com or contact Anne Nimke at1-262-754-5050.

About Pinstripe
An innovator in recruitment and employment process outsourcing, Pinstripe designs, builds and manages talent management systems exclusively for the financial services industry. The company’s proprietary Requisition-to-Results (R2R(tm)) platform is the first solution of its kind to integrate recruiting, hiring, on-boarding, training and off-boarding practices into a complete, end-to-end outsourced approach to employee acquisition and retention. By partnering with Pinstripe, financial services firms are able to maximize the economic, operational, and strategic benefits of a high performing workforce, while minimizing compliance, security and other risks.

Pinstripe was co-founded by Susan Marks and Anne Nimke, both 25-year industry veterans who previously established two successful HR staffing and HR outsourcing companies, Pro Staff and HRfirst, which were sold to Kelly Services in 2000. Throughout their careers, Marks and Nimke have advised numerous financial services companies on HR, outsourcing and technology issues. Named Ernst & Young Entrepreneur of the Year in the service business category, winner of the Marquette University College of Business Administration Entrepreneurial Award and a three-time Working Woman 500 honoree, Marks serves on both for-profit and not-for-profit boards, including First Business Bank, Milwaukee and is an active member of the prestigious Young Presidents’ Organization.

Nimke has served as president of the Human Resources Management Association, is a founding leader of the Recruitment Process Outsourcing Alliance and is a member of the Human Resources Outsourcing Association. She is a frequent speaker at both financial services industry and HR related conferences.

CONTACT:
Miller DeMartine Group
Joanne Lessner
203-221-2790
jlessner@mdgpr.com

Posted November 12, 2005 in Talent Acquisition

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