Yum! Brands knows the value of diversity.
The company knows that a diverse talent pool brings different perspectives and more creative ideas, and, more importantly, reflects the global marketplace where their company operates.
“As a global restaurant company, we understand that diversity and inclusion are critical to the long-term success of our business – it’s part of the fabric of who we are as a company,” says James Fripp, Yum! Brands Chief Diversity and Inclusion Officer. “We believe that the more our workforce reflects the global marketplace in which we operate, the more we will be able to satisfy our customers.”
Yum! Brands is laser-focused on investing in programs and making tangible improvements in the way women and under-represented minorities are represented, supported and mentored at all levels.
Yum! Brands is a global and diverse organization with three iconic brands – KFC, Pizza Hut and Taco Bell – that are loved and trusted by the customers and communities they serve. With more than 48,000 restaurants in over 140 countries, now more than ever, the Company is committed to ensuring diversity and inclusion, including gender equity, are integrated into all aspects of the business.
Recent commitments and progress the Company is making
While Yum! Brands is on a journey as a company, it’s already seeing positive impacts from its commitments. Last year Yum! Brands announced a commitment to advance more women into senior roles and achieve greater gender parity in senior leadership globally by 2030, aligned with the Paradigm for Parity coalition.
In less than two years, Yum! Brands is already on its way to making this happen, with 40 percent of global management positions being held by women. In addition, Yum! Brands has conducted a statistical analysis to confirm that it provides pay parity across genders and ethnicities, and was recently named to the Bloomberg Gender-Equality Index for the second consecutive year for its focused commitment to transparency in gender reporting and advancing women’s equality.
In 2018, Yum! Brands signed on to CEO Action for Diversity and Inclusion, the largest CEO-driven business commitment to advancing diversity and inclusion within the workplace. As one of the founding members, Yum! Brands has a longstanding partnership with the Women’s Foodservice Forum (WFF), the industry’s leading organization to accelerate the advancement of women leaders.
Yum! Brands also provides its employees with opportunities to engage in productive and authentic conversations around diversity, inclusion and gender equity through its Women in Networking (WIN) employee resource group.
Yum! Brands also supports causes that its employees are passionate about and has participated in volunteer activities that help women in Kentuckiana, including packing new baby kits, packing food for families and donating to a new local nonprofit serving homeless women and children.
There’s still more work to do
Fripp acknowledges that the company is still on a journey, but is also proud of the progress so far.
“One of our core values as a company is Believe in ALL People. This means seeing the value in each unique individual and unlocking their full potential to be their best, authentic self regardless of ethnicity, race, religion, age, gender or sexual orientation. We apply this cultural mindset to our people, our franchisees and our suppliers as we continuously work to reflect our diverse, ever-changing communities and customers.”
Advice for women looking to advance in leadership
Tracy Skeans, Yum! Brands Chief Transformation and People Officer, believes that leaders within organizations need to proactively advocate for high-potential women and under-represented minority talent earlier in their careers. “If more leaders would mentor and advocate for diverse talent, I think we would see more women and under-represented minorities advancing at faster rates into leadership positions,” Skeans says.
She also shares advice for other women looking to advance in leadership. “It’s important to stay open to possibilities. My career experience has been very diverse because I was open to taking on new challenges and learning new skills, which has allowed me to do things I never thought possible. I also recommend not being fearful of running too fast. Be courageous and take strategic risks. If someone doesn’t stumble a few times to reach their goal, they might not be pushing hard enough for big results.”