HUMAN CAPITAL MANAGEMENT
Materion boasts a global workforce of nearly 3,700 skilled professionals strategically positioned around the world. With approximately 15% in the Asia-Pacific region, 13% in Europe, and 72% in North America, our geographically diverse team brings a wealth of perspectives. The majority of our employees, comprising 78%, are engaged in manufacturing, driving our commitment to delivering high-quality products and solutions to meet customer demands.
At the core of our company's success lies a robust employee base, coupled with a steadfast dedication to delivering exceptional customer service and upholding unwavering values. In 2022, we renewed our commitment to these values, which form the bedrock of our organizational culture. These values encompass Safety, Ethics, Social Responsibility, Collaboration, and Diversity & Inclusion. In 2023, we are actively promoting and embodying these values through manager-led discussions, fostering a culture where they are not just words on paper but lived experiences within our organization.
Reporting to the CEO, Materion’s Chief Human Resource Officer (CHRO) is responsible for overseeing our programs that support the attraction, development, and retention of employees and managers to drive performance and support employee development. The CHRO provides regular updates to the Board of Directors.
ATTRACTING, RETAINING AND DEVELOPING A DIVERSE 21ST CENTURY WORKFORCE
Materion is dedicated to fostering a diverse and talented workforce that propels our company's growth. In the past four years, we have made substantial investments in a cutting-edge Human Capital Management technology platform. This enterprise-wide solution empowers our managers and employees with enhanced tools to attract, develop, and retain exceptional talent on a global scale, thereby driving our overall performance. As part of our ongoing transformation, we have streamlined and standardized numerous Human Capital Management practices. Our focus remains on expanding and leveraging our advanced HRIS system, Workday, to fortify our capabilities and strengthen our commitment to excellence.
Talent Retention and Development
We are fully committed to identifying and developing the talents of our current leaders, our next generation of leaders, and our early campus hires - for whom we have rotational programs established. To that end, we continue to invest in programmatic learning and develop additional career ladders to guide employee/manager career development discussions.
We support the development of our employees in a variety of ways:
- Feedback and career discussions with managers and mentors
- Rotations and stretch assignments – including expatriate assignments
- Targeting training, including leadership development programs, coaching, technical training and conferences
- Apprenticeships programs - which we continue to expand globally
Materion is also a member of Women in Manufacturing, through which we sponsor education for female manufacturing talent. We also recognize our female leaders in science, technology, engineering, and math (STEM) by participating in the Manufacturing Institute’s Women Make America Awards. In 2022, we were pleased to have yet another Materion employee recognized as an award winner.
Leadership Model and Talent Development
At Materion, we have established a robust leadership model consisting of 10 competencies that encompass Leading the Business, Leading Others, and Leading Yourself. These competencies serve as a common performance language, providing clarity on what successful performance entails throughout our organization. They are applied to all salaried employees, ensuring 100% alignment from executives to front-line supervisors. Integrated into our recruiting, performance management, and employee development practices, these competencies enable us to foster a culture of excellence.
Talent Reviews and Succession Planning
To effectively monitor and cultivate our leadership bench, talent pipeline, and future successors for key senior roles, Materion conducts annual organization, talent, and succession planning reviews. These comprehensive evaluations involve our CEO and business unit and functional leaders, utilizing a range of tools and criteria, including performance calibration. These reviews were completed by 99% of our employees in 2022. They enable us to assess our leadership capabilities and plan for seamless transitions when necessary, ensuring our sustained growth and success.