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Human Capital and Social Policies and Practices
We are committed to our people, our stakeholders and the community as a whole. We have a variety of programs to incentivize and support our employees, from employee ownership to comprehensive benefits and training. We are also committed to equal opportunity, diversity and other policies and practices designed to fulfill our commitment to social and human capital development.
Our success depends on our ability to attract and retain talented, productive and skilled brokers, professionals, managers, other employees and independent contractors to transact with our clients in a challenging and regulated environment that is experiencing ever-increasing competition for talent. We are investing in creating a diverse, inclusive and incentivized work environment where our people can deliver their best work every day.
We believe that by cultivating a dynamic mix of people and ideas, we enrich our businesses’ performance and communities’ engagement which we expect will yield an increasingly diverse employee base. We are committed to equal opportunity, training, diversity and other policies and practices that we expect will result in the development of a diverse and inclusive workplace. We consider all qualified applicants for job openings and promotions without regard to race, color, religion, gender, sexual orientation, gender identity, sex, national origin or ancestry, age, disability, service in the armed forces or any other characteristic that has no bearing on the ability of employees to do their jobs well. We continue to develop initiatives to support these values and include qualified, diverse candidates in the interview process for leadership roles.
We are dedicated to our efforts to achieve pay equity and gender parity. Our promotion and compensation processes are designed to enable us to treat employees fairly, and our compensation decisions are differentiated based on performance.
In 2023, our CEO, Barry Gosin, signed the Girl Scouts’ Gender Parity Initiative: Fair Play, Equal Pay®. By signing up to the initiative, Newmark pledges to advance gender parity within our organization and embraces the goal to achieve like pay for like work and 30% female leaders in corporate leadership roles by 2030.
Newmark participates in the Corporate Equality Index, a national benchmarking tool measuring policy, practices and benefits pertinent to lesbian, gay, bisexual, transgender and queer (LGBTQ+) employees and was named to Globe St.’s 2021 Women of Influence `Diversity Champion’ list.
Talent remains at the core of who we are as a Company, and we remain committed to having a culture built around inclusion and equality which we expect will increase the diversity of our workforce.
Network of Women
The Network of Women (“NOW”) supports the recruitment, development and retention of women across our organization. NOW strives to offer a variety of opportunities and tools to help our members make new professional contacts, find mentors and develop their careers, with the goal of advancing our businesses and reputation. These events and activities also provide opportunities for our members to support one another through a valuable exchange of experiences, advice and best practices for career success.
Minority Supplier Diversity Program
As a part of our overall ESG strategy to support diversity, Newmark has partnered with the National Minority Supplier Diversity Council (“NMSDC”) to incorporate the organization’s 15,000 certified minority suppliers into our Supplier Bid process.
Flexible, Safe and Empowering Work Environment
To facilitate the retention of our employees, we have maintained our flexible work arrangements implemented during COVID-19, where appropriate, made compensation adjustments, and provided additional benefits, including a 401(k) match.
Newmark’s Health and Safety Manual sets the policies and procedures by which our management and employees operate. We have taken significant measures to develop a safe work environment in our offices subject to applicable state and local regulatory requirements.
In 2022, for the 14th consecutive year, Newmark made the “International Association of Outsourcing Professionals Global Outsourcing 100®“ annual listing of the world’s best outsourcing service providers.
Vendor Code of Conduct
Newmark conducts its business activities with integrity and in full compliance with the laws and regulations that govern those activities and with consideration of Newmark’s values, ethical business practices and professional expectations. Newmark expects the same from the vendors it engages, whether directly or on behalf of its clients.
Our Vendor Code of Conduct contains the standards of business practices and regulatory compliance that are expected of vendors and their agents, employees and subcontractors and applies to all interactions between vendors and Newmark or its clients and between vendors and any third party which may perform services on behalf of Newmark or its clients. It addresses legal and ethical standards, human rights and fair labor practices, health and safety, the environment, and data protection.
Never has our commitment to our people and others been so evident as in our corporate giving and charitable work. Newmark actively encourages our producers, managers and other employees to support the communities in which we live and operate through philanthropy and volunteerism, and we proudly support our clients in their charitable efforts.
Paid Time Off Volunteer Program
As part of these values in action, we offer a Volunteer Time Off program to support individual employee volunteerism in the communities in which they work and live. All full and part-time regular employees are eligible to utilize one paid workday (whole day or two half-days) each calendar year to volunteer with bona fide charitable organizations of their choice.
The Cantor Fitzgerald Relief Fund
The Cantor Fitzgerald Relief Fund was founded following the events of September 11, 2001, with a $1 million personal donation from Cantor Fitzgerald Chairman and CEO, Howard W. Lutnick. Since then, the fund continues to support families impacted by disasters and other charities. The Company currently matches 100% of individual Newmark employee donations to the Cantor Fitzgerald Relief Fund made in September of each year, up to $5,000 per individual employee.
The Ukraine Relief Program
In 2022, Newmark announced a Ukraine Relief program with the Company matching 100% of employee,
broker and client donations, up to $1 million to the Cantor Fitzgerald Relief Fund to support direct relief
efforts through charity partners in neighboring countries.
Homeless Assistance Fund
We are a leading sponsor of the Homeless Assistance Fund, a collective public-private initiative launched in 2022, led by the Partnership for New York City, to provide services and mental health resources to unsheltered New Yorkers.
Human Capital
We are committed to our people, our stockholders and the community as a whole. We have a variety of programs to incentivize and support our employees, from employee ownership to comprehensive benefits and training. We are also committed to equal opportunity, diversity and other policies and practices we expect will fulfill our commitment to social and human capital development.
