Wamwari Waichungo, PhD Vice President of Global Scientific & Regulatory Affairs Coca-Cola Company
The Real Crisis of Women in STAYING POWER Wamwari Waichungo, PhD Vice President Global Scientific & Regulatory Affairs
Today women make up 50% of the world s population, but only contribute 37% to global GDP Women continue to lag behind men in economic participation and opportunity by 15 to 25%. Women earn only 75% as much as men with the same level of education and in the same occupation. McKinsey Global Institute Gender Parity Stud
Science Technology Engineering Math 74% 26%
Why is the PARTICIPATION in STEM so low?
THE WORK itself isn t the problem
Starting salaries ARE HIGHER than non-stem jobs Classified - Confidential
STEM positions for women EARN $92 FOR EVERY $100 earned by a male peer
Culture Role models Stereotypes Mentors Bias
Coca-Cola Chairman and CEO Muhtar Kent being interviewed by Trudy Bourgeois founder and president of The Center for Workforce Excellence, at the 2013 Network of Executive Women summit. I found a disconnect between our percentage of women in leadership roles and young women executives coming into the company, and the people buying our products, he told an audience of 300 executives in the consumer products and retail industry. I said, we cannot be successful if this disconnect continues. Muhtar Kent, 2013 Chairman and CEO, The Coca-Cola Company
In 2013, The Coca-Cola Company launched its Global Women s Initiative to accelerate the development of female talent.
Vision Mission A diverse workforce of 50/50 men and women at all levels by 2020 Advice and counsel to Senior Leaders on the strategies and initiatives to accelerate the development and movement of female talent into roles of increasing responsibility and influence
Provide strategic guidance to BU President or Bottler President(s), Functional Leads, Regional Sub-Council, and women s LINC on the topic of accelerating the development and movement of female talent into roles of increasing responsibility and driving progress in representation and culture Consult with leaders on their local business plans specific to the business case, female talent gaps and succession planning Grow Functional Leaders diversity competency by championing change Champion women s agenda with executive peers, Lead formal and informal dialogue on the business case, Increase commitment to sponsoring female talent Support the performance of the Group/Sub-Council, and women s LINC in achieving its stated goals
Leadership Accountability Engaging Men Internal Communications Campaign Recruitment of female Board representatives Franchise Bottler Engagement 30% female representation on all leadership teams including Operating Committee, BU and functional level (30% by 2016, 40% by 2018, 50% by 2020) Ensure a balanced and impactful point of view is held by the WLC and the GWI agenda through collaboration with the majority gender in our workforce Drive awareness and re-enforcement of the business case of why our Company/System benefits from more women in leadership positions Set internal recruitment goal (i.e. 4 7) by 2020 Recruit franchise bottlers into GWI initiative to increase female representation at the bottlers
Global Female Representation 31% Female Sr. Leaders 40% Female Mid-Level Leaders 40% Female Professionals Generational Segments 23% Boomers (1946 1964) U.S. Multicultural Representation 22% Multicultural Sr. Leaders 45% GenX-ers (1965 1980) 27% Multicultural Mid-Level Leaders 33% Millennials (1981 1999) 34% Multicultural Professionals
Head of R&D Chief Financial Officer Chief People Officer Head of M&A Head of Latin Center Business Unit The Coca-Cola Foundation Head of Turkey Business Unit Head of Concentrate Products Supply
Organized by Coca-Cola s business resource group, women's LINC, Sandberg visited Coca- Cola headquarters to empower and encourage female employees to achieve their ambitions.
Connecting our work across how we do business WORKPLACE MARKETPLACE PARTNERS COMMUNITY
Empowering 5 million women by 2020 Noko, a guardian to five children and a restaurant owner in Diepsloot, South Africa, learned about bookkeeping, marketing and other business skills in a workshop offered by Coca-Cola s 5by20 program and UN Women. She says her confidence has grown and her profits have nearly doubled. In Noko s words, Sometimes when I look around my business, I see how far I have grown and I am filled with so much pride I could cry. Now I do not worry about my future, I am excited just thinking about how much more I can do.
Define Opportunities for advancement Speed up culture change Progressive corporate policies Challenge the status quo Build an Inclusive Environment Challenge Unconscious bias Take Accountability
100 Women who enter college and obtain a degree 12 Women who graduate with a degree in a STEM major 5 Women STEM graduates working in STEM after 2 years 3 Women STEM graduates working in STEM after 10 years
For women in technology, MORE THAN A THIRD CHOSE NON- TECHNOLOGY JOBS after getting their degree
Why is the ATTRITION rate in STEM so high?
??
The Glass Is HALF FULL
Consumer Research STRATEGY Marketing Business Planning Chief-of-Staff
Collaboration Analyze Data Understand Trends Team Work Problem Solving Critical Thinking Expressing a Logical Argument
Most Fortune 500 female CEO s are STEM alums!