LOUISVILLE, KY, December 13, 2005 – Yum! Brands, Inc., has been named one of FORTUNE magazine’s “Top 50 Employers for Women” for its comprehensive results across key diversity measures.
FORTUNE’s “Top 50 Employers for Women” survey appears in its December 12 issue. The magazine surveyed over 1,000 public and private U.S. companies and made its selection based on key measures such as percentage of female board members and new hires, compensation, managerial diversity, and family benefits. FORTUNE lists the Top 50 companies alphabetically.
“Yum! Brands’ commitment to diversity helps drive all aspects of our business,” said David C. Novak, Chairman and CEO, Yum! Brands Inc. “Minority and women leaders play a vital role in our success.”
“Our mission is to continue to actively develop a workforce with a broad mix of backgrounds and viewpoints at all levels of management. Building on our diverse foundation at all of the brands gives us a competitive edge and helps drive Customer Mania,” added Novak.
For the past several years, Yum! Brands has been nationally recognized for its diverse workforce.
- Yum! has been named one of FORTUNE magazine’s “Top 50 Employers for Minorities” for the past three years.
- The company has been recognized as one of the “Top 30 Best Companies for Diversity” by BLACK ENTERPRISE Magazine.
- The company also has been recognized as one of the “Corporate 100 Companies Providing Opportunities for Hispanics” by Hispanic Magazine.
More than 50 percent of Yum!’s U.S. workforce are minorities as well as more than 50 percent of the company’s new hires. In addition, nearly 50 percent of the company’s workforce are women.
Yum!’s diversity strategy includes employment, leadership development, purchasing and community involvement. The company and its franchise partners support leading community organizations such as the NAACP; National Urban League; National Council of LaRaza; U.S. Pan Asian Chamber of Commerce; MultiCultural Foodservice & Hospitality Alliance and the Women’s Foodservice Forum, among others.
Many of Yum! Brands’ philanthropic efforts are focused on minority community giving and employee volunteer involvement through programs such as Louisville-based Dare to Care Food Bank. Yum! Brands Foundation makes a $1 million annual commitment to the organization, two-thirds of which helps reach an additional 90,000 hungry children in underserved minority communities. Yum! Brands Foundation also has committed approximately $1 million to the Louisville-based Muhammad Ali Center for the advancement of humanity worldwide. In addition, Yum! Brands is committing $250,000 for the creation of the Children’s Educational Center as part of the Kentucky Center for African-American Heritage.