Time Warner’s DiversityBY ANTHONY ROWE

Article Overview

Diversityinc.com released an article ranking Time Warner on the basis of diversity.

Includes Ethnicity Statistics Practices used to maintain diversity

What is Time Warner?

“Time Warner Inc., a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.”

What is Diversity?

Diversity- the quality or state of having many different forms, types, ideas, etc.

The state of having people who are different races or who have different cultures in a group or organization.

Background

Time Warner is composed of three operating divisions: Home Box Office, Inc., Turner and Warner Bros. Entertainment Inc.

Company Valued at $60.6 Billion Founded in 1985 Headquarters: New York, NY.

Popular Channels on Time Warner Cable

Recognizable from Movies

Time Warner’s Diversity Statement

“At Time Warner, we believe that in an increasingly multicultural world, we must expand our efforts to reach and understand the diverse people and cultures we serve. A key to our success is hiring and retaining a staff that is as diverse as our audiences. What's more, when we think about diversity, we must go beyond race, ethnicity and gender to include all the things that make us unique, including life experiences, geographic backgrounds, sexual orientation, skills and talents.”

Benefits of Diversity at Work

Increased Adaptability- Organizations that employ a diverse workforce can supply a greater variety of solutions to problems in service, sourcing, and allocation of resources.

Broader Range- A diverse collection of skills and experiences (languages, cultural understanding) allows a company to provide service to customers on a global basis.

Variety of viewpoints- A diverse workforce that can communicate varying points of view provides a larger pool of ideas and experiences.

OneFifty

One way the company cultivates diversity is through its OneFifty program, which the company uses to create content for its audiences. Time Warner seeks out diverse talent to keep its content new and appealing to its diverse audiences. This program links diversity and philanthropic efforts directly to the organization’s goals.

Senior Management

Time Warner's diversity initiative is a big priority for senior management on an enterprise-wide and divisional level, diversity is incorporated into every senior executive's goals.

Corporate senior executives and division CEOs are expected to set strategic direction and establish accountability for diversity across the company

Lisa Garcia Quiroz Senior Vice President, Corporate Responsibility and Chief Diversity Officer

Fact!!!

Time Warner ranked No. 37 on DiversityInc’s 2016 top 50 diverse companies list.

DiversityInc’s Observation of Time Warner

Blacks in Total Management: 37.7% higher than the Top 10 and 63.2% higher than the Top 50

CEO Sign-Off on Executive Pay Tied to Diversity: 11.1% higher than the Top 10 and 22% higher than the Top 50

Latinos in Total Management: 6.4% higher than the Top 10 and 28.5% higher than the Top 50

Summary

Diversity helps companies grow through incorporating ideas that arise from a variety of individuals. Time Warner maintains that diversity is one of their main priorities. They have created multiple programs to ensure that their employees are diverse with regards to gender and ethnicity.

Questions

What challenges does Time Warner face with regards to diversity?

How diverse are Time Warner’s customers?

Works Cited

(2016). Time Warner | DiversityInc Top 50. Retrieved November 08, 2016, from http://www.diversityinc.com/time-warner/

Diversity. (n.d.). Retrieved November 08, 2016, from http://www.timewarner.com/careers/working-with-us/diversity/

Diversity in the Workplace: Benefits, Challenges and Solutions. (n.d.). Retrieved November 08, 2016, from http://multiculturaladvantage.com/recruit/diversity/diversity-in-the-workplace-benefits-challenges-solutions.asp