What are the characteristics that make a company exceptional for women, and how to promote a company culture that values women's contribution? Indra Nooyi, PepsiCo's chairman and CEO, one of the top female leaders in the global business sector, shares her experiences working with PepsiCo, a company that is widely regarded as one of the top workplaces for women.
"We are particularly focused on breaking down barriers for women both inside and outside the workplace," said Nooyi to the audience in a recent speech at the Marriott Women's Forum in Shanghai.
According to her, an emphasis on women's contribution is a part of the company's Performance with Purpose business philosophy of empowering all the employees and associates of the company to build a successful career and life and achieve their full potential.
In the global wave of inspiring more women to strive in their careers and overcome gender inequality in the workplace, PepsiCo gives its answer.
As of July, more than 50 percent of PepsiCo's associates in China are women, including around 57 percent of the leadership team.
"It's just the right thing to do," she said. "It's also critical to the economic health and future of our world. One study found that $12 trillion could be added to global GDP by 2025 if all of us commit to advancing women's equality."
Other evidence to support female advancement in the workplace is that companies with the highest representation of women on their senior management teams had a 35 percent higher return on equity than companies with the lowest, she said.
But Nooyi also pointed out that advancing equality will take a lot more work with a much wider scope. "It will require us to tackle the broader, more systemic challenges facing women beyond the workplace and across societies," she said.
(Source: Global Times)
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