Ctrip continues to enhance female presence and gender equality
SHANGHAI, March 8, 2018 /PRNewswire/ -- As 2018's International Women's Day approaches, Ctrip's CEO Jane Sun shared her thoughts on women's presence, their contributions to innovation and the importance of tackling the issue of the 'Glass Ceiling' in the workforce.
Ctrip CEO Jane Sun's Article
Shattering the 'Glass Ceiling': Greater female presence needed for innovation
By Jane Sun, CEO of Ctrip
Women have been asking for equal labor right and social status since the establishment of the International Women's Day in 1910. It is common sense for a responsible company to provide equal career development and remuneration for women. According to the report by the Economist, the rate of Chinese women's participation in the workplace is almost 70%, higher than most of developed economies like the US, EU and Japan.
We are now in the midst of the Fourth Industrial Revolution, an era characterized by technological fusions and the integration of Artificial Intelligence, Big Data and Cloud Computing. This has catalyzed our creativity and bridged the physical gap between individuals. Men and women have equal rights in intelligence and competency.
Technology advancement has provided women with more opportunities and broader platform for career development. We have discovered that women also play a crucial role in internet companies. In Bloomberg's report, 17% of venture capital companies' partners are female in China. In the US, this number rests at 10%. While 80% of venture capital companies in China have at least one female partner, in the US, this is only 50%.
Ctrip is a leading internet travel company in the world and China's largest. Women represent over more than half of our 30,000 plus employee base. This rate far exceeds the average internet companies in China and Silicon Valley. Ctrip from day one, 18 years ago, have promoted gender equality. We recruit based on each employee's competency level and we have a series of policies to encourage workplace growth for women. We adhere firmly to United Nation Women's Empowerment Principles.
From our experience, women have played important roles driving good corporate governance and fostering a culture of teamwork. Decisions made by female leadership are more meticulous and balances risk and reward better. Actions are execute with more communication, consideration and organization. Fiscal policies are gear towards long-term sustainability.
Our female employees have foster teamwork and communication, and are more open to different perspectives. This has complemented well with our male employee base that are generally very good at fast execution. Our organizational diversity and the qualities that women bring to the table has help enable Ctrip to generate large and sustainable investment returns for our stakeholders through the years. I feel it is critically important to encourage and incorporate the female voice. It will also help greatly to have more women leadership devote more time to provide guidance and become role models for aspiring women.
Disconcertedly, figures show workplace gender equality still has a long way to go. Only 10% of Fortune Global 500 Companies have female Directors on their boards. And only 3% of these companies have female CEOs. Internet companies' female representation is even lower. In many of these companies, it is rare to see any female leadership in key management positions.
Technology companies represent innovation and revolution. I think it is only fitting that we see more and more technology companies take on leading roles in fostering equal rights for women, provide processes for women to grow their careers, and most importantly, shatter any sort of 'glass ceiling'. And to further reinforce the point, shattering the 'glass ceiling' is not just about recruiting more women. It is about giving women equal opportunities to take on more leadership roles. There are more than 1,000 executives represented in the Top 100 US companies. The large majority of women are in supportive roles such as HR, PR and legal adviser. Seldom do we see women taking on key management roles.
We are making some breakthroughs though. In recent years, a quarter of entrepreneurs in China are women. And I am most delighted to learn that 55% of new internet companies are started by women in China, according to the Chinese government. We are progressing as an industry. For Ctrip, female leadership, is already well represented, with nine women leaders including myself, forming our key management team. Women also help lead many of the technological developments and innovations at Ctrip. Out of our 7,000 engineers, roughly 30% are female engineers. Ctrip has demonstrated that women can be as good as men in technology development too.
As the Women's Rights Movement continues, and in light of International Women Day, I hope more and more women can be liberate from traditional family roles and given more opportunities to work alongside their male counterparts in driving growth and innovation. Every company has the responsibility to instill a gender equality foundation to create a fair environment for our future generations. Ctrip will continue to lead the charge for equal rights for women and provide a broad platform for females to contribute and grow meaningfully in the workforce.
For further information, please contact:
Ctrip.com International, ltd.
Tel: (+86) 21 3406 4880 ext 196455