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| No. 1 |
VERIZON COMMUNICATIONS |
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Specialty Lists: No. 2 on The Top 10 Companies for Recruitment & Retention, No. 2 on The Top 10 Companies for Latinos
Industry: Telecommunications
Main Competitors: AT&T, Qwest, Sprint Nextel
U.S. Headquarters: New York, N.Y.
Number of U.S. Employees: 242,000
Annual Revenue: $93.5 billion
% of Operations Outside U.S.: Less than 10 |
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| SEARCH GREAT JOBS AT |
| Verizon Communications |
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Why It's No. 1: Verizon has been in the top 10 since 2001 and is the only company to have made it to the No. 1 spot twice (in 2006). This long-time diversity leader ensures it remains competitive by continually assessing and improving its advantages, especially in the areas of communications and supplier diversity.
Diversity Strengths: Verizon's commitment to diversity starts with Chairman and CEO Ivan Seidenberg, who gets a near-perfect score on our CEO Commitment criteria. He meets regularly with the company's 10 employee-resource groups, which are critical to Verizon's success. Employee groups have existed at this company for more than 10 years and are funded by Verizon, with meetings during the workday and the support in each group of a designated senior executive.
Seidenberg also personally reviews Verizon's diversity scorecard -- 17 key diversity metrics -- on a quarterly basis. The company's commitment to its employees is evidenced by its pipeline of talent. Thirty-nine percent of its managers are Black, Asian, Latino or Native American. Its managers are retained at almost equal rates across race/ethnicity and gender. Verizon is focused on casting a wide net when recruiting. Once at Verizon, employees receive robust professional and career development resources from formal mentoring opportunities to leadership development training. In 2007, Verizon invested more than $370 million in tuition assistance and developmental training for its employees.
Ivan Seidenberg, Chairman and CEO: "What I want the company to be is relevant. If you're not diverse you're not relevant, and in an ever-evolving industry we need to understand our dynamic and diverse markets so that we can anticipate and meet our customers' needs."
Magda Yrizarry, Vice President, Workplace Culture, Diversity and Compliance: "Whether it's a wireless service, the latest in broadband technology, or the best in entertainment, Verizon depends on the unique talents, perspectives and experiences of our diverse pool of employees to maintain its premier network and better serve its customers."
More DiversityInc Articles on Verizon Communications:
Employee-Resource Groups: The Hidden Assets
Magda Yrizarry, VP, Workplace Culture, Compliance & Diversity - Verizon Communications
How You Can Develop a Pipeline of Young Latino Employees
Why Would I Want to Work There?
Absolute Values: 7 Vital Lessons Learned From the Top 50
5 Reasons to Give to Diverse Groups
How 3 Companies Reach a $220-Billion Market
Customer Service Webinar
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Ivan Seidenberg
Chairman and CEO | | | | |
Magda Yrizarry
Vice President, Workplace Culture, Diversity and Compliance | | | | |
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© DiversityInc 2008 ® All rights reserved.
No article on this site can be reproduced by any means, print, electronic or any other,
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