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.
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SUSTAINABLE SOLUTIONS FOR GLOBAL IMPACT
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.
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.
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.
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.
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.
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.
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:
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.
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.
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:
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.