Yum China wins Top Employer title in China
Yum China has retained their crown as the Top Employer of the Year in China after being handed the accolade yet again for 2020.
The company beat leading employers in more than 115 countries to the title, which covers more than 100 issues and up to 600 specific HR practices covering 10 major areas including talent strategy, workforce planning, talent acquisition, onboarding, learning and development, performance management, leadership development, career and succession management, compensation and benefits, and culture.
Joey Wat, CEO of Yum China, says the company is committed to the growth of their employees and aims to be the digital leader in the restaurant industry.
“We must also strive to provide a best in class work experience and growth opportunities for our employees, which we believe is a vital step in achieving our vision of becoming the most innovative pioneer in the restaurant industry,” he said
“In the digital era, to respond to the fast-changing environment, every company must stay agile with a well-structured talent strategy that empowers employees to unleash their innovation potential.
“As a digital leader in the restaurant industry, we must not only create an environment grounded on our ‘fair, care and pride’ people philosophy, but also foster a mindset and the capabilities to drive breakthroughs,” he added.
Yum China is the largest restaurant company in China, employing more than 450,000 people and has exclusive rights to China KFC, Pizza Hut and Taco Bell.
Meanwhile, Starbucks China is looking to up their employee retention game by providing housing subsidies to its employees who work away from their hometowns. Employees who are homesick may apply to return to work in newly-opened Starbucks stores in their hometowns under the ‘Coming Home’ programme.