Employee Safety and Engagement
We strive to attract and retain the highest quality team members with competitive compensation and benefits, opportunities for personal growth and development, safe working conditions and a culture that emphasizes fair and respectful treatment.
We know that our people drive our success. We employ over 2,000 people across 22 countries. We strive to attract and retain the highest quality team members with competitive compensation and benefits, opportunities for personal growth and development, safe working conditions and a culture that emphasizes fair and respectful treatment.
Safety is a top priority. It is deeply embedded in Enerpac’s culture, and HSSEQ is fully embraced by all leaders in our organization. We strive to achieve the highest health, safety, security, environmental, and quality standards for our products, services and solutions. We are committed to achieving the Goal of Zero harm to employees, customers and end users of our products. Our safety performance for the past two years at our operations is reflected in the following key metrics:
(SASB: Employee Health & Safety, RT-IG-320a.1)
We engage and develop our employees and reward them for success. Over 95% of our employees participate in an annual bonus plan, which is based on company financial performance and individual objectives. All employees receive an annual review, which is a component of our intended process of providing continuous development feedback and implementing personal development plans.
We offer competitive compensation and benefits, tailored to local markets. In the U.S., full-time employees are eligible for benefits including healthcare, 401(k) retirement plan (96% participation in 2019), Employee Assistance Program, life and disability insurance and up to12 weeks of maternity leave. We offer tuition reimbursement of up to $3,500 for undergraduate and $5,000 for graduate programs for all U.S. full-time employees and $1,000 for part-time employees who work more than 20 hours per month. We offer flexible working hours to all employees. All U.S., U.K. and Netherlands employees are eligible to participate in our Employee Stock Ownership Plan to buy company shares at a discount.
The Enerpac Academy is our in-house training program. It offers Enerpac employees, end users, and the staff of our distributors the opportunity to be trained in the offering, use and maintenance of high-pressure hydraulic tools.The Enerpac Academy training centers are located in Ede (The Netherlands); Columbus, Wisconsin (USA); Singapore; Sydney (Australia) and Hosur (India).
We are committed to promoting diversity and inclusion in our workplace. At the end of 2019, our executive committee was 20% (1) female and 20% (1) minority individuals; 16% (13) of Directors and above employees were women. All employees take part in anti-discrimination and anti-harassment training regularly as part of our compliance training. Managers receive supplemental training on how to address any issues or complaints.