CORRECTING and REPLACING Taco Bell Plans to Create 100,000 New U.S. Jobs by 2022

Launches “Start with Us, Stay with Us” Platform to Attract New Talent

IRVINE, Calif.–(BUSINESS WIRE)–First paragraph, second sentence of release dated November 4, 2016
should read: Taco Bell recently announced its plans to grow as a system
to 8,000 U.S. locations (9,000 globally) by the end of 2022, opening the
door of opportunity for 100,000 new jobs in the U.S. alone. (instead of
…to grow as a system to 9,000 locations in the U.S. by the end of
2022, opening the door of opportunity for 100,000 new jobs.)

The corrected release reads:

TACO BELL PLANS TO CREATE 100,000 NEW U.S. JOBS BY 2022

Launches “Start with Us, Stay with Us” Platform to Attract New Talent

With new restaurants come new jobs. Taco Bell recently announced its
plans to grow as a system to 8,000 U.S. locations (9,000 globally) by
the end of 2022, opening the door of opportunity for 100,000 new jobs in
the U.S. alone. Add that to the company’s current 40,000 employees
across its company-owned stores and 170,000 people employed by franchise
restaurants, and you could say Taco Bell has come a long way since Glen
Bell single-handedly opened his first taco stand in 1962.

“Our planned growth over the next six years is going to help us reach
$15 billion in global system sales by 2022,” said Brian Niccol, Chief
Executive Officer at Taco Bell. “With that comes the need to attract and
retain top talent so that we’re continuing to deliver the best customer
experience possible.”

Earlier this month, Taco Bell officially launched “Start with Us, Stay
with Us,” a platform and mentality to set Taco Bell apart as a category
of one, and one that encourages employees to leverage the
career-building and education programs Taco Bell offers no matter how
long you’ve been with, or plan to stay with, the company.

“We understand that Taco Bell is a first job for a lot of people,” said
Frank Tucker, Chief People Officer at Taco Bell. “Whether they want to
start with us for a year or stay with us for life, we feel it’s our
responsibility to make sure we’re offering benefits and programs that
create innovators and leaders for our communities inside and out of our
restaurants.”

Also launched earlier this month, Taco Bell has partnered with Roadtrip
Nation to capture the stories and career paths of current employees and
alumni of Taco Bell.

Employees, current and prospective, can see real steps of how to get to
their goal position, whether that’s managing an entire Taco Bell
restaurant, working in the award-winning marketing department at
headquarters, or taking skills to another industry altogether.

“As a business that’s fueled by the energy and passion of people serving
people, our team members are our front line and biggest brand
ambassadors,” said Tucker. “It’s often a job that kickstarts someone’s
career and future success, so we’re excited to team up with Roadtrip
Nation to inspire and show our team members how these invaluable skills
can get them to their highest aspirations in life.”

Taco Bell was founded on innovation and passion with Glen Bell bringing
tacos to the masses in a world of hot dog and hamburger stands.
Employees want a company they can live and grow with; they crave a
unique culture that fosters creativity and encourages pursuit of
passion, and they look for opportunities to take risks, develop skills
and learn in ways that fit their lifestyle.

Education

Taco Bell offers significant education programs to allow company
restaurant employees the opportunity to graduate from high school,
obtain their GED and even advance their education with Excelsior College.

• Graduate
  for Mas — The Taco Bell Foundation and Get Schooled partnered to
  develop a program where youth that make the promise to graduate
  receive access to resources, mentorship support, prizes, and cool
  rewards like educational scholarships.
  • To date, nearly 600,000 youth have made the promise.
  • 57 team members have graduated with their GED from this program,
    with more than 200 currently participating.
  • A 40% tuition discount for a fully accredited Associate’s,
    Bachelor’s or graduate degree programs.
  • Up to 44 college credits towards their degree by completing
    restaurant on-the-job training.
  • $1,000 scholarships awarded to Taco Bell Students (2 for every 25
    students enrolled).
  • Ability to transfer up to 96 percent of credits needed to complete
    a Bachelor’s degree with the program.

  Additionally, funding for education up to $5,250 per employee/year is
  available for Corporate (and participating Franchise) Shift Leads and
  above, including employees at Taco Bell’s corporate headquarters.

  All of these programs are available for franchisees to offer as well,
  and many of them choose to do so for their employees.

  Currently, 194 team members are enrolled in classes through the
  Excelsior Program, and three have graduated with more set to graduate
  this coming spring.

  Live Mas Scholarship

  The Live Más Scholarship program is aimed at empowering the nation’s
  next generation of dreamers, innovators and creators — those whose
  passions may not fit into the conventional “academic” or “athletic”
  scholarship programs. This year, the Taco Bell Foundation launched the
  Live Más Scholarship and awarded $275,000 in scholarship funding to 50
  restaurant employees.

  Leadership

  Known as a leader in the fast food industry for its training programs,
  Taco Bell offers unparalleled leadership development experiences to
  provide the necessary tools and techniques to help restaurant leadership
  become their personal and professional best. Not a one-size-fits-all
  model, training programs are designed and catered to help employees at
  all levels learn how to best grow in that role, as well as key
  take-aways for any career. In the last year alone, Taco Bell has
  promoted more than 2,000 company store employees into management roles.

  They say a picture is worth 1,000 words; this one is worth 1,287 — check
  out the infographic here.

  About Taco Bell Corp.

  Taco Bell Corp., a subsidiary of Yum! Brands, Inc. (NYSE: YUM), is the
  nation’s leading Mexican-inspired quick service restaurant (QSR) brand.
  From breakfast to late night, Taco Bell serves made-to-order and
  customizable tacos and burritos, among other craveable choices, and is
  the first QSR restaurant to offer American Vegetarian Association
  (AVA)-certified menu items. Taco Bell and its more than 350 franchise
  organizations proudly serve over 42 million customers each week through
  nearly 7,000 restaurants across the nation, as well as through its mobile, desktop and
  delivery ordering
  services. Overseas, Taco Bell has over 250 restaurants, with plans to
  add 2,000 more restaurants internationally within the next decade. The
  brand encourages its fans to “Live Mas” and connects with them through
  sports, gaming and new music via its Feed
  The Beat® music program. Taco Bell also provides education
  opportunities and serves the community through its nonprofit
  organization, the Taco
  Bell® Foundation™, and connects fans with their passions through
  programs such as the Live
  Mas Scholarship program. In 2016, Taco Bell was named as one of Fast
  Company’s Top 10 Most Innovative Companies in the World.

  Like: Facebook.com/tacobell —
  Follow: @TacoBell (Twitter), tacobell (Instagram)
  and tacobell (Snapchat) — Subscribe: YouTube.com/tacobell —
  Explore: ta.co

  About Taco Bell Foundation

  Taco Bell Foundation, Inc. is a not for profit 501(c) (3) public benefit
  corporation with the founded focus of investing in the potential of
  America’s youth through education and helping them realize their dreams.
  Since 1992, the Foundation has reached more than 5 million young people
  across 600 youth-serving organizations and about 1,700 high schools in
  the U.S. through partnerships and programs like GraduateforMas.com,
  and has awarded more than $75 million in scholarships and grants focused
  on education and career readiness. In 2016, Taco Bell and the Taco Bell
  Foundation launched the Live
  Más Scholarship, a program aimed at empowering the nation’s next
  generation of dreamers, innovators and creators — those whose passions
  don’t fall into the conventional “academic” or “athletic” qualifying
  categories of traditional scholarship programs. For more information
  visit tacobellfoundation.org.

  Contacts

  Taco Bell Corp.
  Laura Nedbal, 949-863-4002
  Laura.Nedbal@yum.com