As an asset management firm, the long-term sustainability of our firm is heavily dependent on our people. We make a deliberate effort to foster a unifying culture, to encourage innovation, to ensure that we are developing, retaining and recruiting the best talent, to align employee incentives and risk taking with those of the firm, and to incorporate inclusion and diversity into all levels of our business.
Each year, we set corporate objectives specifically related to human capital. We achieve these objectives through specific programs and initiatives related to culture, inclusion and diversity and employee development, retention and recruiting. For 2016, we seek to drive high-performance and meritocracy, build our collective strengths and diversity and develop great managers and leaders.
As we pursue our mission to create better financial futures for our clients, we are guided by our culture and our principles. Our principles define who we are and how we operate:
It is more important than ever that our culture helps us maximize performance and drive excellence every day.
Human rights are a fundamental concern for BlackRock in its relationship with employees and suppliers.
BlackRock is committed to protecting the human rights of our employees through implementing policies related to non-harassment, equal employment opportunity and overtime. These policies seek to provide applicants and employees equal treatment regardless of certain identified characteristics that have attracted historical stereotyping or bias in relation to employment. We comply with all applicable laws and regulations on forced and child labor and the rights of employees to organize a union.
Our non-harassment policy outlines clear procedures for reporting and responding to issues of concern. BlackRock investigates all complaints filed and any possible violation of the policy of which we are made aware. If BlackRock determines that an employee has engaged in activities that are in violation of, or inconsistent with the policy, the firm will take appropriate disciplinary action against the offending employee, up to and including termination of employment.
Since our founding, BlackRock has been committed to equal employment opportunity for all applicants and existing employees. We are also committed to seeking ways in which affirmative actions can help reinforce this commitment. Our Affirmative Action Program (AAP) is developed and implemented to ensure that good faith efforts are made to provide equal employment opportunity to every employee and qualified potential employee. BlackRock also fully supports the Americans with Disabilities Act and responds to requests for reasonable job accommodations from qualified individuals with disabilities, as well as Protected Veterans.
Each employee is responsible for conforming to BlackRock’s equal employment opportunity policy at all times. All managers share the responsibility of assuring compliance with and continued implementation of this policy. Any employee who is found to have violated this policy will be subject to disciplinary action up to an including termination.
In 2015, 94.7% of BlackRock's employees were full time, with 0.4% interns and 4.8% contingent workers.
Employee turnover was 12.5% in 2015, including voluntary and involuntary turnover.