SUSTAINABLE SOLUTIONS FOR GLOBAL IMPACT

Social Responsibility

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Diversity-inclusion

OUR PEOPLE

Carpenter Technology’s employees have always been our greatest asset: our success is built on the different backgrounds, experiences, and perspectives of a global team. To better serve our employees, Carpenter Technology is committed to advancing conversations and actions related to diversity, inclusion and belonging, providing opportunities for employee development through training programs, encouraging an engaged workforce through our employee engagement efforts, and providing an attractive mix of rewards, recognition, and benefits. 

 

DIVERSITY, INCLUSION & BELONGING AT CARPENTER TECHNOLOGY

Our commitment to diversity, inclusion, and belonging is woven into our Core Value of dignity and respect. Carpenter Technology's policies require that everyone is treated equally regardless of their race, age, gender identity, different physical and mental abilities, military status, creed, or sexual orientation. By embracing our diverse perspectives, we accelerate the creation of innovative solutions that deliver value to our customers. In 2020, Carpenter Technology established the Diversity, Inclusion and Belonging (DIB) Committee, responsible for fostering and facilitating discussions, and engaging our workforce on DIB-related matters. The Committee crafts actionable solutions for meaningful change across the organization.  

THE DIB COMMITTEE INTRODUCED THE DIVERSITY, INCLUSION, AND BELONGING TRAINING PROGRAM FOR ALL EMPLOYEES, FOCUSING ON TOPICS SUCH AS UNCONSIOUS BIAS. 

Diversity-inclusion

Diversity in the Workplace

To better understand our employee population and identify opportunities to be even more inclusive and foster a greater sense of belonging, Carpenter Technology collects and analyzes self-reported diversity information.

U.S. Employee Diversity Demographics

U.S. Employee Diversity Demographics

Gender Demographics (~4,000 total employees)

Gender Demographics

Military Connection

We are proud that 10% of our U.S. workforce has a military background or experience. We are a military-friendly and supportive employer who fosters an attitude of gratitude towards, and a sense of belonging for, our veterans, active reservists, and the many employees who have veterans or active reservists in their families.

HUMAN CAPITAL MANAGEMENT

TRAINING & DEVELOPMENT

Carpenter Technology is rooted in a culture of continuous improvement. Central to this culture is our ability to attract, retain, and develop the best possible talent

Employees participate in twice-yearly performance reviews involving a self-evaluation and a manager evaluation.

We encourage leaders and employees to have regular career development and feedback sessions with their teams. Our online learning management system offers employees continual learning and development opportunities through training, professional skills, leadership and management, and wellness courses. We also offer professional certifications such as Lean and our Laboratory Machinist Apprenticeship Program.

  • CALCCT: Our Reading, PA, employees participate in our hands-on, work-simulated Carpenter Applied Learning Center Critical Thinking (CALCCT) modules to develop skills related to risk identification, judgment, problem solving, decision making, and nonstandard events.
  • Supervisor Academy: This program provides collaborative, hands-on training in critical initiatives, including Safety and Lean Manufacturing. The highly interactive modules stress our Core Values with the goal of creating best-in-class leaders. Since September 2020, over 120 employees have participated in the program.
Carpenter Technology Badge
Since January 2020, our employees have voluntarily completed nearly 13,000 professional skills and leadership-related courses.
EMPLOYEE ENGAGEMENT

Carpenter Technology strives to have a workforce that is fully engaged, embraces our Core Values, takes pride in the Company, and is energized about the Company’s future. This mindset drives higher morale and job satisfaction, better retention, and improved financial outcomes.

To further this vision, we regularly conduct our employee engagement survey. The 2020 employee engagement survey included responses from 73% of employees. Carpenter Technology’s safety program received the highest ratings with more than 80% responding favorably, 12% over the benchmark for global manufacturing.

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THE REPONSE RATE TO OUR 2020 EMPLOYEE ENGAGEMENT SURVEY

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Compensation, Benefits & Employee Recognition

Our total rewards philosophy recognizes that future growth requires the dedication and efforts of our employees for the long term. Carpenter Technology offers an attractive mix of rewards and recognition, competitive salary, and benefits package. The following programs are available toour employees:

  • Comprehensive Medical Benefits
  • Tuition Reimbursement
  • Employee Assistance Program: Carebridge
  • 401(k) Retirement Plan
  • Paid Parental Leave

 

SEE OUR EMPLOYEE BENEFITS

Carpenter-Technology-Awards

Since 2017, awardees have given over $400,000 to more than 40 local community organizations.

Carpenter Technology Impact Awards

Carpenter Technology celebrates and recognizes employees who actively demonstrate our Core Values through the annual Impact Awards. Awardees are able to choose an organization they would like to support with a monetary donation from Carpenter Technology.

Community Engagement

OUR COMMUNITY

Carpenter Technology is dedicated to the communities in which we live and work. We have a responsibility to play an active role in bettering our communities by providing financial support and encouraging employee volunteerism through our Carpenter Cares program.

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Community Engagement

United Way

Carpenter Technology’s relationship with United Way is central to our community engagement. Our involvement with United Way extends beyond our time and monetary contributions, with many Carpenter Technology employees serving as leaders within United Way. Highlights from 2019 include:

  • More than 350 employees volunteered more than 2,000 hours to community projects.
  • Employee giving to United Way, Berks County, PA (where our Reading, PA, facility is located): $860,000
$10M+

HAS BEEN DONATED TO THE UNITED WAY, BERKS COUNTY SINCE 2006 BY CARPENTER TECHNOLOGY & EMPLOYEES.

Support for Cybersecurity Education

Carpenter Technology partners with Reading Area Community College (RACC) to support nontraditional students pursuing a career in cybersecurity. We provide funding for students pursuing the CompTIA Security+ Certification Training, a value of $800 per student. This certification is a globally recognized industry standard, certifying baseline cybersecurity skills.

While providing students career options, it also helps companies address an ever-growing need for cybersecurity professionals. We are expanding this support into other communities where we operate, including Calhoun Community College in Athens, Alabama.

Examples of Corporate Giving 2020
VARIOUS CHARITIES THROUGH IMPACT AWARDS
$110,000
COVID-19 FOOD BANK DONATIONS
$100,000
BROAD STREET MINISTRY, PHILADELPHIA, PA
$30,000