Group Human Resource Strategy 2023

In May 2023, we announced the Group Human Resource Strategy 2023 in connection with the Group Management Policies 2023.
To accomplish this management policy, the Group Human Resource 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. We are reforming our evaluation system and accordingly cultivating a corporate culture that can assess the challenges of creating change, drawing on four ideals of “new leadership,” “ability for rapid self-transformation,” “employee success/happiness,” and “new partnerships” to achieve this.
From fiscal 2023 we have begun holding workshops for all Group employees in order to spread the goals of both the Group Management Policies 2023 and the Group Human Resource Strategy 2023.

Group Human Resource Strategy 2023: Looking Toward the Future

Global Standardization of the Human Resource Management Policy

We are using our education program for new employees and various other education and training opportunities to build awareness for the Human Resource Management Policy among all Group employees in Japan and overseas. More specifically, we have created a video in which employees from around the world discuss ideal human resource attributes during an online meeting. This video is widely used for educational purposes and recruitment activities.

Excerpts from the "Human Resource Management Policy"

Number of Employees

Turnover

Engagement

Revisions to the Human Resource Compensation and Benefits Policy

We have created uniform IHI Group conduct standards and evaluation items, including encouragement for enterprising efforts and prompt customer service, and are implementing them globally. Along with this, we are revising these again to link evaluations with employee training and treatment. This is because in order to achieve our transformation, we need to mobilize diverse individuals, teams, and organizations to take real action.
Specifically, we have constrained the conventional evaluation elements based on ability and introduced human resource compensation and benefits based on position and role that incorporates market value. We are including value criteria that focus on ESG and well-being into evaluation items in stages, starting with remuneration for Officers.

Fair and Equal Treatment

Aiming to be both a “Good + Strong” company and realize “Growth + Happiness” for all individuals, the IHI Group strives for fair and equal treatment of its employees based on a human resource strategy which focuses on encouraging employees to make efforts toward transformation.
A compensation and benefits system that complies with amended legislation is also applied to irregular employees. In addition, we implement various initiatives to increase their motivation, including providing necessary educational opportunities and special time off based on standards for regular employees as well as a program for converting to regular employment.

Employee Benefits Programs

Our employee benefits programs provide a variety of options that employees can choose from as a way of supporting their needs, including basic benefits such as residential and financial support and support for balancing work and childcare, nursing care, and medical care, as well as education, recreation, and other options.

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. We use this survey to visualize the state of the organization and clarify our strengths and challenges, and then conduct analyses. Together with the new Group Management Policies 2023 and the Group Human Resource Strategy 2023 established this fiscal year, we will plan and execute the necessary measures to improve employee engagement by deploying the PDCA cycle.