For the eighth consecutive year, the National Association of Female Executives has named Verizon Communications to the organization’s NAFE Top 50 Companies for Executive Women. The list recognizes organizations that are committed to hiring, retaining and promoting executive women. At the 2012 NAFE Top Companies, women executives run 23 percent of operations that generate more than $1 billion in revenue.
“With a solid leadership training curriculum, development courses, mentoring circles, executive coaching and a wealth of external initiatives, Verizon Communications has its bases covered when it comes to programs that encourage the advancement of women,” said Dr. Betty Spence, NAFE president.
Magda Yrizarry, Verizon’s chief talent and diversity officer, said, “Verizon works hard to foster a diverse and inclusive corporate culture that maximizes the talents of employees from all backgrounds. As women continue to ascend in business, it is essential that we utilize their skills to continue providing the innovative products and services our customers expect from our company.”
Women comprise approximately 40 percent of Verizon’s global workforce and hold more than 30 percent of leadership positions, including key roles in finance, government relations, IT, network services, sales, marketing, human resources and the Verizon Foundation, the company’s philanthropic arm. Women also comprise 25 percent of Verizon’s Board of Directors.
The 2012 NAFE Top Companies’ application included more than 250 questions on topics including female representation, hiring, attrition and promotion rates, access, and usage of key retention and advancement programs. The application draws particular attention to the number of women at the highest ranks and those with profit-and-loss responsibility.
To be considered, companies must have a minimum of two women on their board of directors as well as at least 500 employees in the U.S. Verizon has received numerous honors for the advancement of women and support for working mothers. Last year, for the ninth consecutive year, Verizon earned the No. 8 spot on the Latina Style 50, LATINA Style magazine’s list of the best companies for Latinas.
In addition, Working Mother magazine has recognized Verizon as a Best Company for Multicultural Women for six straight years (every year of the ranking), and for eleven years in a row as a Best Company for Working Mothers.