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, We Are One Company for All

Carpenter Technology has a culture that builds on the different backgrounds, experiences, and perspectives of all employees to drive performance. Our commitment to diversity, inclusion, and belonging is woven into our Core Values of dignity and respect for all. By embracing our diverse perspectives, we accelerate the creation of innovative solutions that deliver value to our customers.

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.

Our Diversity, Inclusion, and Belonging (DIB) Committee plays a critical role in advancing us to the next level of awareness and engagement.

The team is comprised of volunteers from all levels and sites who are focused on cultivating an environment where equality thrives. Since its inception in 2020, the committee has spearheaded several initiatives:

Launching Unconscious Bias Training as a part of a large initiative to conduct ongoing training on a series of diversity related topics; 85% of our U.S. employees have completed the training.
Highlighting the contributions of employees from different backgrounds through our quarterly diversity campaigns.
Collecting employee feedback, ideas, and comments to enhance employee engagement on diversity, inclusion, and belonging.

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

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.

TRAINING AND 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 through training, employee engagement, and employee recognition.

PROFESSIONAL DEVELOPMENT

Salaried 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.

LEARNING MANAGEMENT

Carpenter Technology provides employees with access to professional skills, leadership and management, personal growth, and wellness courses through our online learning management system.

CALC^CT: The Carpenter Applied Learning Center - Critical Thinking (CALCct) program develops employee skills in risk identification, judgement, problem solving, decision making, and nonstandard events. Through the program, employees are presented with safety or operational challenges and learn how to respond effectively.

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.
Tuition Reimbursement: Carpenter Technology offers a best-in-class tuition reimbursement program that allows our employees to use funds towards degrees and certifications. On average, 50 employees take advantage of our tuition reimbursement program per year, both from hourly and salaried positions.

In FY22, our employees have voluntarily completed nearly 14,000 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.

EMPLOYEE ENGAGEMENT SURVEY

We regularly conduct our employee engagement survey to gather employee feedback across several dimensions, including Diversity and Inclusion, Work/Life Balance, and Growth and Development.

Based on employee feedback, Carpenter Technology has introduced programs to further engage our workforce, including focus groups, action plans for leadership, and pulse surveys to understand progress. Because of these actions, favorability across all engagement survey dimensions improved.

THE REPONSE RATE TO OUR 2020 EMPLOYEE ENGAGEMENT SURVEY

SUPERVISOR ACADEMY — ULTIMATE IMPACT AWARD WINNER 2021

Supervisor Academy provides collaborative, hands-on training in critical initiatives, including safety. Through multi-part training, facilitated discussion, homework exercises, and feedback sessions, Supervisor Academy helps our leaders achieve their goals. Since 2020, 282 leaders have completed training inclusive of Lean, Safety, and HR Employment Law.

Supervisor Academy was the 2021 Ultimate Impact Award winner, donating $20,000 to Cradles to Crayons in Philadelphia, PA.

CARPENTER TECHNOLOGY IMPACT AWARDS

In 2017, Carpenter Technology launched the annual Impact Awards to celebrate and recognize employees who actively demonstrate our Core Values. Awardees are chosen from five categories and awarded a monetary donation to an organization of heir choice on behalf of Carpenter Technology. Last year, Carpenter Technology donated over $100,000 to local organizations chosen by our employees:

Cradles to Crayons
Children's Hospital of Philadelphia
Moffitt Cancer Center Foundation
Helping Harvest Fresh Food Bank
Wounded Warrior Project
Make-A-Wish Philadelphia, Delaware, and Susquehanna Valley
Center for Victims
Philadelphia Children's Foundation
Lifeline of Berk County
St. Jude's Children's Hospital
YMCA of Darlington, South Carolina
Four Diamonds
Berks County Community Foundation
The Delaware Valley Chapter of the Alzheimer's Association

EMERGING TALENT

We are always looking for the next generation of innovators to help us tackle the challenges and opportunities of tomorrow. Finding innovative minds starts with mindful recruitment from talented and diverse recruitment pools. The following programs allow us to secure the next generation of best possible talent to realize our Vision as an irreplaceable partner and solutions provider.

Internship Program

Carpenter Technology interns are exposed to real-life work experiences that make meaningful contributions to organizational needs and goals. Internship roles include positions in the Commercial, R&D, HR, EHS, Finance, Legal, and Operations teams. Beyond the challenge and reward of working with Carpenter Technology, interns can expect a competitive pay structure, paid holidays, opportunities for professional development, and relocation/housing assistance. In 2021, almost all summer interns were offered full-time employment or internship continuation.

Associate Metallurgy Program

Our Associate Metallurgy program provides recent graduates an opportunity to engage in direct, hands-on experience within the Specialty Alloys Operations of Carpenter Technology. Participants are trained in two areas of expertise — product and process, and research and development — then choose their preferred career path at Carpenter Technology.

In 2021, almost all summer interns were offered full-time employment or internship continuation.

COMPENSATION, BENEFITS, AND EMPLOYEE RECOGNITION

Our Total Rewards program demonstrates our commitment to making Carpenter Technology a great place to work. The following programs highlight some of the benefits that keep the needs of our employees and their families in mind.

Compensation: Market-competitive, performance-based, and equitable compensation structure.
Health and Wellbeing: Comprehensive health care coverage to support physical and mental wellbeing and access to our Global Employee Assistance Program (EAP) system.
Financial Security: Retirement benefits, including a 401k retirement plan.
Work-life Balance: With family-focused paid leave options.
Career Development: Access to thousands of digital training courses through our learning management system, with opportunities for further career development with internal programs and tuition assistance.

COMMUNITY ENGAGEMENT

We are passionate about the communities where we live and work and enjoy working together for the greater good.

CARPENTER TECHNOLOGY AND UNITED WAY

Our relationship with United Way is central to our community engagement. Last year, Carpenter Technology and employees provided monetary donations to several United Way locations across the country, donating more than $550,000.

Despite challenges associated with the COVID-19 pandemic, Carpenter Technology employees continued to support United Way through employee giving and, when possible, volunteerism.

In addition, several Carpenter Technology employees participate in United Way Berks leadership, including the Board o Directors, Campaign Cabinet, and Blueprint for Leadership program, which trains individuals to serve in leadership volunteer positions throughout the community.

SUPPORTING EDUCATION

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.

The Challenge Program

This year, Carpenter Technology's Dynamet location in Washington, PA celebrated a 15-year partnership with the Challenge Program, which seeks to empower high-school students to develop habits required to succeed in school and beyond. The Challenge Program provides education and information on careers in manufacturing and helps provide a successful career path.

We're your best partner for building a better future.

Social Responsibility