The Federal Reserve Bank of Richmond has received the Diversity Excellence Award for large-sized businesses in the annual Employer All Star Awards. The awards are presented by the Richmond chapter of the Society for Human Resource Management, the Greater Richmond Chamber and the Richmond Times-Dispatch.
The Diversity Excellence Award recognizes employers who proactively work to improve workplace diversity and inclusiveness and who demonstrate commitment to the added value that diversity brings to an organization.
"Our leaders are educated about their role and active in their support of diversity and inclusion," said Senior Vice President Tammy Cummings. "And as our employees build personal awareness, they are enthusiastically bringing new insights, energy and actions to help turn diversity and inclusion initiatives into a viable and visible part of our culture."
The Richmond Fed was recognized for its diverse recruiting strategies; the on-boarding process for new employees; leader and employee awareness sessions; and the Bank's total compensation philosophy. In addition, the Richmond Fed in 2009 hosted a diversity and inclusion conference attended by more than 100 leaders from across the Federal Reserve System and sponsors employee resource networks, which are voluntary employee-led groups formed around shared interests for the purpose of supporting diversity, inclusion and other strategic initiatives of the organization.
The Richmond Fed also was a finalist for the Best Recruitment, Engagement and Retention Practices Award and the Workforce Development Award. The Employer All Star Awards were presented May 5 at the Greater Richmond Convention Center.
View a video about the Richmond Fed's diversity and inclusion efforts.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.