Our business is all about connecting people and cultures across the world, and using technology to enable people, business and society to innovate and drive positive change. We know we can only fulfill this purpose by building a diverse workforce and inclusive culture where differences are a strength and all people are empowered to grow and contribute – within Verizon, with our customers and among our business partners and suppliers. Our commitment to diversity and inclusion is more than the right thing to do – it’s a business imperative and a competitive advantage. By valuing diversity and inclusion across people with different backgrounds and ways of thinking, we build a stronger company and culture.
We continue to invest in the growth of women and people of color on the
V Team. Among our most successful initiatives:
A seven-month mentorship program that matches senior executives and female V Team members with the goal of advancing leadership skills and development.
A three-month program supporting managers who are people of color, fosters leadership development and networking with senior leaders.
In 2018, we expanded the required workshops for our leadership team to explore unconscious bias and how to mitigate its impact to create a more inclusive workplace.
We promote diversity and encourage the contribution of diverse business partners to our success through our Short-Term Incentive Plan, which includes a 5 percent diversity and sustainability metric relating to the percentage of U.S.-based employees who are women and people of color; our overall supplier spending directed to firms owned by women, minorities, veterans, LGBT, and people with disabilities; and reductions in the carbon intensity of our business.
Our success in building a diverse and inclusive culture continues to earn Verizon numerous prestigious awards. Among them:
Learn more at: verizon.com/about/our-company/awards-recognition.
Verizon sponsors many diversity organizations, and we partner with them to engage their student members on college campuses where we recruit. These partnerships include: Grace Hopper, Society of Women Engineers, National Society of Black Engineers, Society of Hispanic Professional Engineers, Hispanic Engineering National Achievement Award Conference, Disability: IN, and the National Business & Disability Council.
Verizon is a founding sponsor of Women in Technology and Entrepreneurship in NY (WiTNY). As a collaborative initiative with Cornell Tech, the City University of New York (CUNY), and industry partners like Verizon, WiTNY propels women – from high school through graduate school – into rewarding tech careers with programs focused on education, work experience, and community building. We partner on a number of initiatives, including the “winternship” program, three-week internships for college freshmen and sophomores during their winter break. Verizon worked with WiTNY to pilot the winternship in 2017 with five students, and in 2018 WiTNY expanded the program to more than 170 students across 45+ companies. In 2018, Verizon hosted 10 winterns, and nine of them returned to Verizon for summer internships that year. In 2019, Verizon will host an additional 12 winterns across technical functions.
Verizon launched adfellows 2.0 in September 2018. adfellows is a program for college graduates across the country with diverse backgrounds and an interest in marketing. The eight-month marketing fellowship allows participants to rotate through Verizon and agency partners to gain both client and agency experience and promote diversity in the marketing industry. We achieved a 100 percent graduation rate and an 84 percent full-time retention rate in our first year. In 2018 the initiative expanded to include 30 new adfellows and six new sponsor partners.