IHI Group Human Resource Management Policy

Group Human Talent Strategy 2023

In May 2023, the IHI Group announced the Group Human Talent Strategy 2023 in connection with the Group Management Policies 2023.
To accomplish this management policy, the Group Human Talent Strategy 2023 has outlined the Group’s future vision to become a “Good + Strong” company as well as one realizing “Growth + Happiness” for all individuals. Moreover, the Group is reforming its evaluation system and accordingly cultivating a corporate culture that can assess the challenges of creating change, drawing on four ideals of “new leadership,” “the agility for rapid self-transformation,” “employee success/happiness,” and “new partnerships” to embody the specific vision of the organization and human resources capable of realizing it.
During the second year of the Group Management Policies in fiscal 2024, the Group will hold workshops to facilitate understanding and familiarization with the actions necessary to utilize these measures, which will be implemented for all of its employees, including those overseas.

Group Human Talent Strategy 2023: Looking Toward the Future

Ideal Behavior & Action and Ideal Human Resources

In order to realize their vision set forth in the Group Management Policies 2023 and Group Human Talent Strategy 2023, in fiscal 2024, the IHI Group defined the “Ideal Behavior & Action” and “Ideal Human Resources” for all of its Group employees. “Ideal Behavior & Action” expresses the following four standards of behavior necessary to foster an organizational culture that embraces the challenges of change: 1) Set a Goal, 2) Tackle Issues, 3) Cross Boundaries, and 4) Implementation. In addition to the above, the Group has added three other crucial skills and mindsets for both present and future employees: 5) a High Level of Expertise, 6) Dedication to Customers and Society, and 7) Ethics and Compliance Awareness. These combine to create a total of seven items that define “Ideal Human Resources.”
Among them, the four standards of “Ideal Behavior & Action” outline what is necessary for realizing change and, through workshops aimed to spread understanding at each worksite, the Group promotes the adoption and application of said values. By linking these initiatives with evaluations, training, and compensation systems, as well as through daily management, the Group encourages each employee to take action toward creating change.

Risks

In order to maintain the IHI Group’s business foundation and lead it to future growth, it is imperative for us to acquire, retain, and develop the human resources necessary for conducting its business.
Should the Group finds itself unable to acquire external human resources or secure human resources capable of becoming key personnel or secure proper placement for them, the Group’s future growth, business results, and financial condition could face an adverse impact.

Opportunities

Through the management philosophy “Contribute to the development of society through technology” and the sustainability goal “Create a world where nature and technology work in unity,” each of IHI Group’s employees become more aware of the Group’s mission and the importance of their own role in society, creating behavior that makes external networks function effectively and leads to improvement in the Group’s social and corporate value.

Human Resource Management Council Bodies

Employee-awareness Surveys

The IHI Group conducts employee-awareness surveys targeting employees in Japan and overseas once a year to grasp the status of the employee engagement.
During fiscal 2023 employee engagement rose to 54 points, an increase of 1 point from the previous year for the first time since surveying began in 2019. (Improved “strategy comprehension” and “management trust”) Additionally, at each business unit and affiliated company, the Group is implementing actions to improve engagement in line with the needs at each of its divisions. By linking this with the existing business management systems (through linking the timing of the business planning with engagement survey feedback/action under consideration), the Group is in the process of developing of follow up actions for highly effective engagement.

Employee-awareness Surveys

(Scope: IHI and affiliated companies)

Number of Employees

Turnover

Engagement

Education/Awareness Building

In order to achieve the Group Human Talent Strategy 2023, the IHI Group is focusing on reforming its evaluation and treatment of human resources and corporate culture, which form the basis of its human resource strategies and measures.

Fair and Equal Treatment

In order to establish fair and appropriate treatment, the IHI Group is working to raise wages through sincere dialogues between labor and management.
Furthermore, under a principle of equal pay for equal work based on the Part-time/Fixed-term Employment Act, the Group appropriately handles personnel according to the range of their duties and responsibilities and has established a personnel system to avoid unreasonable disparities. Additionally, the Group has made it a principle to, at minimum, set wages in accordance with the minimum age in each country.

Employee Benefits Programs

The IHI Group’s employee benefits programs provide a variety of options that employees can choose from as a way of supporting their needs, including support for balancing work and childcare, nursing care, and medical care, as well as education, recreation, and other options.