JACKSON, Miss., June 23 /PRNewswire-FirstCall/ -- PARKWAY PROPERTIES,
INC. (NYSE: PKY) announced today that for the second time, it has been
named one of the 50 Best Small & Medium Companies to Work for in America.
The list was announced June 23rd before an audience of more than 15,000
human resource professionals at the Society for Human Resource Management's
(SHRM) 60th Annual Conference & Exposition in Chicago.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
This annual list, now in its fifth year, ranks the top 25 small and top
25 medium-sized companies in America that use smart people management
strategies to develop successful organizations with highly productive and
satisfied workforces. The organizations, ranging in size from 50 to 999
employees, were announced by SHRM and selected and ranked by the Great
Place to Work(R) Institute (GPTW). The results were based on a randomly
distributed employee opinion survey. Each company evaluated was given a
score based on employees' responses to a detailed questionnaire about the
organizations' workplace cultures.
Stories about the winning organizations will appear in the July issue
of HR Magazine, the Society's flagship publication with a circulation of
210,000 (available at http://www.shrm.org/hrmagazine ). The winning
organizations will also be listed on GPTW web site at
http://www.greatplacetowork.com .
Steven G. Rogers, President and Chief Executive Officer of Parkway,
stated, "Over the past several years we have received a number of awards,
recognitions and accolades, but I am proudest of this one because it comes
from the heart of our Company, our people. We are humbled by this award,
which reflects the level of trust, pride and camaraderie within the Parkway
team."
"Small and medium-sized companies make up the majority of the American
economy and workforce," said SHRM President and CEO, Susan R. Meisinger,
SPHR. "These winning organizations demonstrate that making effective use of
their workforce is key to their success, and their accomplishments deserve
recognition."
Great Place to Work Institute co-founder, Robert Levering, said, "These
companies stand out because their employees find them to be places where
they can trust the management, take pride in their work and have fun. Other
companies have much to learn about how to be productive and do right by
their people."
SHRM is the world's largest association devoted to human resource
management. Representing more than 225,000 members in over 130 countries,
the Society serves the needs of HR professionals and advances the interests
of the HR profession. Founded in 1948, SHRM has more than 575 affiliated
chapters within the United States and subsidiary offices in China and
India.
Great Place to Work Institute Inc. is an international research and
consulting firm dedicated to building great workplaces. Great Place to Work
Institute uses its employee survey and assessment process to select the
companies appearing on the annual "Best Small & Medium Companies to Work
For in America" list and FORTUNE's 100 Best Companies to Work For (C) list.
In addition to its global headquarters in San Francisco, Great Place to
Work Institute has 29 affiliates in countries throughout North America,
South America, Europe and Asia.
Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a
self-administered real estate investment trust specializing in the
operation, leasing, acquisition, and ownership of office properties. The
Company is geographically focused on the Southeastern and Southwestern
United States and Chicago. Parkway owns or has an interest in 69 office
properties located in 11 states with an aggregate of approximately 14.1
million square feet of leasable space as of June 23, 2008. Included in the
portfolio are 21 properties totaling 3.8 million square feet that are owned
jointly with other investors, representing 27.2% of the portfolio. Under
the Company's GEAR UP plan, which started January 1, 2006, and ends
December 31, 2008, it is the Company's strategy to transform from an
owner-operator to an operator-owner. The strategy highlights the Company's
strength in providing excellent service in the operation of office
properties in addition to its direct ownership of real estate assets.
Fee-based real estate services are offered through the Company's wholly
owned subsidiary, Parkway Realty Services, which also manages and/or leases
approximately 1.6 million square feet for third-party owners as of June 23,
2008.
Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at http://www.pky.com
.
CONTACT: J. MITCHELL COLLINS
CHIEF FINANCIAL OFFICER
WARREN L. SPEED
SENIOR VICE PRESIDENT
(601) 948-4091
SOURCE Parkway Properties, Inc.
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Related links: http://www.pky.com http://www.shrm.org/hrmagazine http://www.greatplacetowork.com
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CONTACT: J. Mitchell Collins, Chief Financial Officer, or Warren L. Speed, Senior Vice President, both of Parkway Properties, Inc., +1-601-948-4091
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