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Verizon Communications: No. 43 in the DiversityInc Top 50

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WHY IT’S ON THE LIST

 
A longtime presence on this list, Verizon Communications has been transforming itself into a technology company with an emphasis on diverse talent.

The company, which jumped four spots, has been working on campus and entry-level hires from underrepresented groups through its Verizon Leadership Development Programs as well as scholarships for STEM (Science, Technology, Engineering and Mathematics) high schools.

Last year, Verizon created an Executive Staffing Team to build strength at the director level and above, with an emphasis on underrepresented groups and women.

Verizon has several philanthropic efforts aimed at involving employees with underrepresented groups. Its National Academy Foundation helps employees mentor students with STEM-focused activities, including job shadowing, résumé writing, interview training and hands-on engineering projects. They also meet with Verizon executives to discuss educational goals. Its Volunteer Incentive Program allows employees who volunteer 50 or more hours to earn a $750 grant for the nonprofit. In 2013, 5,060 Verizon employees earned 6,718 volunteer grants totaling more than $5 million.

Verizon also has an improving supplier-diversity initiative, including educational support for diverse suppliers.

DIVERSITY LEADERSHIP

Lowell McAdam
Chairman and CEO

“A diverse workplace is one of Verizon’s biggest strengths as a global innovation leader. Our employees’ unique backgrounds and perspectives are key to our success in delivering technology solutions that create value for our customers, shareholders and society.”

Magda Yrizarry
Chief Talent and Diversity Officer

“Verizon’s industry leadership relies on our inclusive culture where everyone brings their unique background and experience to the table. It is a critical part of acquiring, developing and retaining the best possible talent that serves our customers every day.”

 

COMPANY FACTS

U.S. Headquarters: New York City

Global Employees: 176,800

U.S. Employees: 166,303