Recruiting great talent lends momentum to our drive to be a Faster, Stronger and Better company. We compete for a diverse talent pool across global markets, and to remain competitive, we must identify tomorrow's leaders and give them compelling reasons to choose PepsiCo. Recruiting a diverse and talented workforce drives our strategic insights and fuels our innovation.
To the World:
Corporations meeting employee needs and rights is crucial to societal well-being. Good employment provides workers with a fair income, opportunities to advance and a sense of purpose. For companies large and small, hiring the right people is one of the most important decisions and greatest challenges.
Our reputation as a great place to work is vital to our ability to attract the best and brightest in a competitive talent landscape. We proactively showcase our market successes and our collaborative, dynamic work environment to promote PepsiCo to potential recruits.
To achieve this, we are engaging with our current associates and inspiring our teams to move Faster, Stronger and Better with PepsiCo. In addition, we are focused on continuing to attract top talent and encouraging candidates to bring their unique skills and experiences to our global operations.
As part of our pep+ (PepsiCo Positive) ambition, we’re striving to develop a Positive Value Chain by building a more inclusive workplace, and by supporting inclusion beyond our own walls. This means working to advance human rights and diversity, equity and inclusion (DE&I) for our employees, business partners and communities. Our recruitment practices are an important tool for achieving measurable progress towards our Racial Equality Journey goals in the U.S. and our gender parity goal globally.
PepsiCo's global Talent Acquisition team is responsible for our attraction and engagement strategies, and has continued to deploy a balance of both traditional and innovative recruitment methods in order to attract a diverse and engaged workforce. We continue to grow our reach in traditional channels such as campus recruiting, while also pursuing proactive pipelining strategies tapping into new sources of talent to reach future prospects. We know great talent can be found anywhere. We're focusing on expanding our campus, professional and executive recruitment efforts by increasing our partnerships with diversity organizations, search firms and schools to make sure we discover the best talent, no matter where.
For example, a key pillar of our diverse talent outreach strategy is our U.S.-based Early Talent Acquisition Team. This team conceives, designs and executes several signature initiatives and programs to expand our pipeline. Our programs map to four strategic pillars:
- Early identification programs, including our partnerships at the community college level and our Kickstart Corporate Sophomore Diversity Leadership Program, identify talent from a broad pipeline.
- Pipeline expansion efforts at the school levels focus on building out our presence at HBCUs (Historically Black Colleges and Universities) and HSIs (Hispanic Serving Institutions) as well as strengthening partnerships with a diverse array of student communities at other schools from which we recruit.
- Diversity partnerships and conferences attended by many of our teams to source and support a diversity of early talent from across the country.
- Internal professional development programs provide extensive support to early talent, including peer community building and mentoring programs.
In 2022, competition for talent was fierce, as unemployment dropped in the U.S. and economic recovery from the COVID-19 pandemic saw large swaths of workers looking for new and better roles. Of the nearly 90,000 new employees PepsiCo hired across the globe in 2022, 47% of new employees were under 30, and 29% are women. We also continued to build out our talent outreach strategy to meet the goals laid out in our Racial Equality Journey.
Our Talent Acquisition team transformed its recruitment process to support virtual interviewing and onboarding for candidates - both professional and student. We continue to embrace advancements in mobile technology and have made significant mobile and digital enhancements to our external careers site, pepsicojobs.com.
In addition, we’ve sustained continued growth on social media platforms with an active presence on key channels including LinkedIn, Facebook, Instagram and Twitter. We also have a strong overall culture rating on Comparably, receiving Best Company for Leadership 2020 and Best Company Global Culture in 2021. We are proud to see our highest marks coming from our work culture, diversity, retention and compensation categories.
PepsiCo is proud to be named on Fortune’s 2022 “World’s Most Admired Companies” list for the 18th consecutive year and was also recognized as a LinkedIn Top Employer in 2023 in Argentina, Chile, Egypt, Ireland, Saudi Arabia and the U.S. In 2022, PepsiCo was also awarded Top Employer Global Certification for the third time in a row, one of 11 companies recognized worldwide this year. Additionally, we were awarded Forbes Best Employers for Diversity in 2023.
Attracting and retaining female leaders across global sectors remains a key component of our recruitment strategy, and we’ve partnered with leading female-focused platforms such as Fairygodboss in order to advance these efforts.
In addition, we continued to build upon our partnerships with a diverse group of external organizations focused on developing undergraduate and graduate students, such as Management Leadership for Tomorrow, The Consortium for Graduate Study in Management, National Association of Black Accountants and the Society of Women Engineers.
PepsiCo is on a transformational journey to be the global leader in beverages and convenient food, and talent acquisition is a key enabler in making this possible. In recent years, major world events have redefined the relationship between people and their work.
In order to progress our Positive Value Chain ambition, we will continue to position ourselves as a top destination for skilled and specialized talent; an employer of choice for early career entry points; and a consistent, equitable experience for all candidates. We will continue to work toward increasing global female representation and delivering on Black and Latinx representation goals in the U.S. to mirror workforce availability of the communities where we work. For more information on progress towards these goals, please see Diversity, Equity and Inclusion.
It's not enough to just attract diverse talent. Through mentoring, coaching and development programs, we'll foster the unique talents of our employees through every stage of their careers. Around the world, we offer leadership and development programs to help build truly inclusive leadership. For more on how we support the careers of PepsiCo associates, see Employee learning and development.
Talent Acquisition will renew emphasis on building talent pipeline strategies based on ever-changing market insights and talent dynamics and prioritize evolving a differentiated employee value proposition to help increase brand strength, diversity and critical skill sets.
June 29, 2023