Human capital Diversity and inclusion
One of our foremost objectives as an organization is to create a collaborative, inclusive and diverse environment—within Verizon, with our customers and among our business partners and suppliers. We view this commitment as more than the right thing to do—it is a business imperative and a competitive advantage. By valuing diversity and inclusion across spectrums of background such as race, national origin, gender, sexual orientation, gender identity or expression, disability, veteran/military status, age, experiences, ways of thinking and many other dimensions, we enable everyone in our ecosystem to be their authentic self, know they belong, and contribute to building a stronger company and culture.
Our commitment to diversity and inclusion encompasses pay equity. One of the ways we live up to this commitment is by paying all employees performing similar work equitably. Today, across the globe and across all of Verizon, we have 100% pay equity in salary for women and men. In the U.S., we also have 100% pay equity in salary with respect to race/ethnicity. Consistent with our Commitment to Pay Equity, we remain committed to:
- Identifying and promoting best practices in compensation, hiring, promotion and career development.
- Developing strategies to reduce unconscious bias.
- Making hiring, promotion and compensation decisions that promote pay equity.
In keeping with this commitment, we have removed from our employment applications all questions seeking current or past salary information.
We also continue to invest in the growth of women and people of color on the V Team. Among our most successful initiatives:
- WOW (Women of the World), a seven-month development program that energizes and empowers women by increasing leadership capabilities and enhancing a culture of inclusion and belonging. The program is built around core competencies critical to leadership.
- Competitive Advantage, a program that supports the development of Verizon’s diverse talent. Program offerings are targeted to Emerging Talent, High Potential and High Professional employees of African American, Asian and Hispanic descent. The program fosters leadership development and networking with senior leaders.
- A curriculum that helps all V Team members to understand the tools to mitigate bias and support conscious inclusion.
We promote diversity and encourage the contribution of diverse business partners to our success in our employee Short-Term Incentive Plan, which has included a diversity-related metric for over 20 years.
Diversity conferences and partnerships
We sponsor multiple diversity-focused organizations to build our employer brand and recruit diverse talent. These conferences and partnerships include:
- Grace Hopper
- Society of Women Engineers
- National Society of Black Engineers
- Society of Hispanic Professional Engineers
- Great Minds in STEM (Hispanic Engineering National Achievement Award Conference)
- Out and Equal
- Disability:IN, and many others
Women in Technology and Entrepreneurship (WiTNY)
Verizon is a founding sponsor of WiTNY, a collaborative initiative with Cornell Tech, the City University of New York (CUNY) and other industry partners, which 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.
In September 2019, Verizon launched the third year of the adfellows program. The adfellows program is an eight-month marketing fellowship in which participants rotate through Verizon, agency partners and brand partners to gain both client and agency experience and to promote diversity of thought in the marketing industry. In 2019, the program expanded to 34 new adfellows and 17 partners, including Anheuser-Busch, American Express and Walmart. To date, 98% of former adfellows are currently working within the industry.