Verizon Communications

Verizon Communications

Employees: 183,248
Headquarters: New York, NY  
It's a Fact!
Between 2010 and 2011, membership in the women’s employee resource group at Verizon Communications grew by 262%.
What We Love

Giving employees a strong career foundation can increase their odds of achievement later in life. With that in mind, this broadband and communications company introduced five new leadership development programs for entry­-level workers in 2011, aimed at solidifying their knowledge of engineering, finance, human resources, IT and marketing. Multicultural women are 23% of all current program participants (up from 13%), and the total number of women has recently doubled. To complement its existing management development initiatives, the company also launched Foundations for Effective Leadership, a series of one-­day sessions that encourage emerging female managers to clarify their aspirations and map out their paths, and Expanding Leadership Capabilities, multiple two-­day programs (plus mentoring) that help female middle managers better network and strategize. A six-­month workshop, Building Executive Talent, shows director­-level women how to eliminate barriers to advancement and focus on traits that drive success.

CEO: Lowell McAdam

CDO: Magda Yrizarry

Multicultural women represent…

18% of total employees

7% of corporate executives

8% of senior managers

13% of the top fifth of all earners

12% of all promotions to manager, senior manager or corporate executive in 2011

0% of the board of directors in 2011
 

What percentage of multicultural women employees participated in mentoring in 2011? Not answered

What percentage of multicultural women employees participated in affinity groups in 2011? Not answered