WHY IT’S ON THE LIST
Time Warner makes its business goals very clear on its corporate website, stating: “At Time Warner, we believe that in an increasingly multicultural world, we must expand our efforts to reach and understand the diverse people and cultures we serve. A key to our success is hiring and retaining a staff that is as diverse as our audiences.”
The company understands the importance of recruiting and retaining the best talent and one that is reflective of the diverse audiences it serves globally, stating: “In Film and Television and the Internet, Time Warner provides millions of people with a broad range of products and services that reflect the diverse backgrounds, interests and cultures of our customers. In addition, the company’s networks provide multiethnic and foreign language programming from producers throughout the world.”
To that end, the company’s efforts to create a talent pipeline, especially for women, are showing significant progress. Time Warner earned a spot on the DiversityInc Top 50 list for the sixth year in a row and moved up despite an increase in participation of 31%.
Women now comprise 40% of the top leadership, almost 30% more than the Top 50 average. Women in management also exceed the Top 50 average by 7%. Time Warner’s pipeline of women includes the best talent in the media and entertainment industry.
Chairman and CEO Jeffrey Bewkes ties 30% of executive compensation to diversity results, double the Top 50 average. The D&I efforts are led by Chief Diversity Officer and Senior Vice President, Cultural Investments Lisa Garcia Quiroz. She is also the President of the Time Warner Foundation, whose mission is to support the next generation of diverse storytellers.
50% of Time Warner’s managers are enrolled in formal, cross-cultural mentoring programs, 27% more than the Top 50 average. The company also has strong employee-resource group participation. 39% of employees are active members of at least one group, 14% more than the Top 50 average.
Chairman and CEO
“At Time Warner, advancing diversity in both our workforce and the content we create and share is a business priority. Without cultivating new voices and tapping into diverse talent, we would not be able to fulfill our mission of delivering great storytelling to an increasingly global and multicultural audience.”
Chief Diversity Officer and Senior Vice President, Cultural Investments
“Our success as a business is directly correlated to our ongoing efforts to attract diverse talent and maintain a progressive and inclusive environment where employees can thrive, regardless of gender, race, ethnicity or sexual orientation. Time Warner’s diverse workplace strengthens our ability to create content that resonates with audiences across the globe.”
U.S. Headquarters: New York City
Global Employees: 23,900
U.S. Employees: 17,466
Last Year’s DiversityInc Top 50 Ranking: No. 42
OTHER DIVERSITYINC LISTS
• No. 3 Top 10 Companies for LGBT employees