SHANGHAI, China – Yum China Holdings, Inc. announces that it has been named to the Bloomberg Gender Equality Index (“GEI”) and certified as a Top Employer in China by the Top Employers Institute, both for the fifth consecutive year, attesting to the Company’s unwavering commitment to its people and excellence in human capital management.
The 2023 GEI includes 484 companies from 11 sectors across 45 countries and regions. Yum China is one of the five companies from Mainland China included in the 2023 GEI. The Company received an industry-leading overall score of 75.62 and performed particularly well in the areas of leadership & talent pipeline, equal pay & gender pay parity and anti-sexual harassment policies.
The Top Employers Institute is a global authority on recognizing excellence in human resource practices. It was established over 30 years ago and has a presence in 121 countries/regions. Yum China’s 2023 Top Employer China ranking is the best in the restaurant industry in China, with the Company performing particularly well in domains such as Work Environment, Diversity & Inclusion, and Employee Well-Being.
“Our people are our greatest strength. Despite all the challenges since the start of the pandemic, we have stayed true to our ‘People First’ philosophy,” said Joey Wat, CEO of Yum China. “The dedication, agility, and perseverance of our teams have been key to navigating this difficult time. We are honored to receive the recognition from GEI and Top Employers Institute for the fifth year in a row. This recognition reflects our unwavering commitment to fostering an inclusive workplace where all employees are treated fairly and their talents can thrive and flourish, regardless of gender or background.”
“The strong sense of responsibility, resilience, and innovative thinking demonstrated every day by our more than 400,000 employees is instrumental to the Company’s sustainable growth. We continually strive to create a human-centric workplace that demonstrates employee care and promotes a culture of diversity, inclusiveness, and personal growth,” said Aiken Yuen, Chief People Officer at Yum China.
Yum China places the health, safety, and wellbeing of its employees as its top priority. Since 2020, in response to the COVID-19 pandemic, the Company has systematically enhanced employee protection, including financial support to those diagnosed with critical illness as well as enhanced accident insurance coverage for their families.
Yum China is a leader in promoting gender diversity in the restaurant industry and the Company is a signatory of the United Nations Women’s Empowerment Principles (WEPs). As of the end of 2022, over 50% of the Company’s workforce and senior management positions were held by women. There is zero gender pay gap for its restaurant service tea.