Women currently represent more than one third of Otis executives globally and 40 percent in the
Otis President and CEO
"Our people are at the heart of everything we do at Otis. This commitment is welcome progress for all 69,000 Otis colleagues and a major milestone for our industry," said Marks. "Now more than ever, we embrace a diverse and inclusive culture that includes many voices and inspires great ideas to flourish."
As part of its commitment, Otis will implement Paradigm for Parity's® 5-point Action Plan, a set of specific actions that when concurrently implemented, will catalyze change and enable companies to more effectively increase the number of women of all races, cultures and backgrounds in leadership positions.
Otis has committed to:
- Eliminating, or minimizing, unconscious bias in the workplace;
- Significantly increasing the number of women in senior operating roles;
- Measuring targets and maintaining accountability through regular progress reports;
- Basing career progress on business results and performance, rather than physical presence in the office; and
- Providing sponsors, not just mentors, to women well-positioned for long-term success.
Progressing through these steps will help to achieve the long-term goal of establishing gender parity across Otis' leadership by 2030, a goal also shared by the more than 120 other Paradigm for Parity® member companies.
According to industry research, powerful evidence links gender-balanced leadership with better financial and stock market performance.
"The Paradigm for Parity® coalition is thrilled to welcome
Built on a legacy of innovation, Otis was founded in 1853 after
About the Paradigm for Parity® Movement
The Paradigm for Parity® coalition is comprised of CEOs, senior executives, founders, board members and business academics who are committed to achieving a new norm in corporate leadership: one in which women and men have equal power, status, and opportunity.
The coalition created the Paradigm for Parity® 5-Point Action Plan for corporations to accelerate the pace of gender equity in senior executive roles. This unique agenda defines bold and specific actions that, taken together and simultaneously implemented as a package, will catalyze change and enable today's business executives to secure the best leaders of tomorrow. Visit www.paradigm4parity.com or follow it on Twitter using @p4parity to learn more about this exciting initiative.