The Women’s Initiative Network Summit was a initiative created by eBay Inc (NASDAQ:EBAY)’s CEO John Donahoe in 2011. And this year, he stated that while there has been progress in the initiative – increasing the number of women at the director level and above 148% to 514 – that it is time to expand the mandate.
The company’s CEO wants to continue to make the workplace better for women knowing first-hand the struggles that women go through and understanding that increasing the diversity in eBay Inc (NASDAQ:EBAY) and PayPal will be beneficial for the company.
“As a father of a daughter, I want my daughter to enter a workforce and a workplace that’s even better than the one that exists today. I’ve watched my wife go through her career and I’ve watched – she has a harder path than I have in some ways, it’s just a little bit more challenging along the way. Presumptions around women, sometimes the lack of flexibility exists,” John Donahoe stated.
John Donahoe believes that they’re reaching a tipping point by forcing the dialog about diversity which allows the company to understand how to do better and most importantly how to get better. eBay’s CEO also talked about the gender diversity survey made that was shared with the leadership and now the company will be sharing that data publicly.
“We’ve got to bring together diverse set of skills with diverse set of background to build the best team and deliver the best products. So for us, it’s not a nice thing to do, it’s a have to do it to compete and win. It is also a way to attract and retain the best talent,” Donahoe said. “This is one of the reasons we put such a focus in the women’s initiative, we want eBay and PayPal to be the most attractive places where women can come a build successful, lasting careers and increasingly people of all types we’re expanding things to be more diverse and inclusive.”
Presently, women make 42% of eBay’s 33,000 global workers, with 24% of director-and-above level roles going to women, as well as 24% of tech jobs and 49% of non-tech jobs. And according to a survey by Fenwick & West LLP, that compares to a tech industry average of 11% of women in executive roles.
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