Teams with Gender Parity Achieve Better Results Across the Board: Sodexo Finds
06 Mars 2018 - 02:22PM
Comprehensive Sodexo Study Finds Gender-Balanced Management
Teams Perform Better on Key Business Objectives
Paris, March 6, 2018 - Sodexo, world
leader in Quality of Life Services, has found that teams managed by
a balanced mix of men and women are more successful across a range
of measurements. The five-year, one-of-a-kind study of 70 entities
across different functions represents 50,000 managers
worldwide.
Operating margins, client satisfaction and
employee retention, among other key performance indicators, were
all higher among gender-balanced teams, meaning a ratio between 40%
- 60% women to men.
"These results add a new, compelling dimension
to a growing body of research that demonstrates the business
benefits of gender equity," said Rohini Anand, PhD., Senior Vice
President Corporate Responsibility & Global Chief Diversity
Officer, Sodexo.
"The distinctive nature of the study, with its
examination of both financial and non-financial performance
indicators across so many levels of management and the pipeline to
leadership, is a significant piece of the overall picture on
importance of gender in the workforce for enhanced outcomes."
SODEXO GENDER BALANCE STUDY KEY FINDINGS:
- Operating margins significantly increased among more
gender-balanced teams than other teams.
- Gender-balanced entities had an average employee retention
rate that was 8 percentage points higher than other
entities.
- Gender-balanced entities had an average client retention
rate that was 9 percentage points higher than other
entities.
- Gender-balanced management reported an employee engagement
rate that was 14 percentage points higher than other
entities.
- Gender-balanced entities saw the number of accidents
decrease by 12 percentage points more than other entities.
This unique Sodexo Gender Balance Study builds
on previous internal and external research and amplifies Sodexo's
commitment to gender parity and an inclusive culture.
Sodexo, already a leader in diversity &
inclusion, is breaking new ground in gender parity. Today, women
represent 50% of our board. Thirty-two percent of senior leadership
positions are held by women globally - a 6% increase at the very
top levels since 2013. Middle management and site management
positions are balanced at 46%. Currently, 59% of the total
workforce works within gender-balanced management.
The company has committed to reach 40% women in
senior leadership ranks by 2025 and has linked 10% of bonuses to
this metric. Read the full study here
Sodexo is also a member of Bloomberg's 2018 Gender-Equality
Index and was recognized as a Catalyst award winner in 2012. In
2017, Sodexo ranked in the top 10
of DiversityInc magazine's 'Top 50 Companies for
Diversity' list for the 9th consecutive year and the Best Companies
for Multicultural Women list by Working Mother Magazine.
Sodexo was also recognized by FORTUNE Magazine three times in 2017
making FORTUNE Magazine's World's Most Admired Companies
list, FORTUNE Magazine's Change the Word list and the
FORTUNE 500 list.
About Sodexo
Founded in Marseille in 1966 by
Pierre Bellon, Sodexo is the global leader in services that
improve Quality of Life, an essential factor in individual and
organizational performance. Operating in 80 countries, Sodexo
serves 100 million consumers each day through its unique
combination of On-site Services, Benefits and Rewards Services and
Personal and Home Services. Through its more than
100 services, Sodexo provides clients an integrated offering
developed over 50 years of experience: from food services,
reception, maintenance and cleaning, to facilities and equipment
management; from services and programs fostering employees'
engagement to solutions that simplify and optimize their mobility
and expenses management, to in-home assistance, child care centers
and concierge services. Sodexo's success and performance are
founded on its independence, its sustainable business model and its
ability to continuously develop and engage its
427,000 employees throughout the world.
Sodexo is included in the CAC 40 and DJSI indices and was
named a member of Bloomberg's 2018 Gender Equality Index.
Key figures (as of August 31, 2017)
20.7 billion euro in consolidated revenues427,000
employees19th largest employer worldwide80
countries100 million consumers served
daily17 billion euro market
capitalization (as of January 10, 2018)
Contacts
Media |
Investors |
Laura Schalk+33 1 57 75 85
69laura.schalk@sodexo.com |
Virginia Jeanson +33 1 57 75 80
56Virginia.jeanson@sodexo.com |
Attachment:
http://www.globenewswire.com/NewsRoom/AttachmentNg/67aaf925-f38c-4751-82f9-54b1f9717753
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