Engagement
Measures
Nabtesco is focusing on measures to improve employee engagement, as part of its dual efforts to develop individual capabilities and reform the organizational culture in order to sustainably improve its organizational performance. In order to share the values we hold dear and the direction we should aim for in the medium- to long-term, we are promoting activities to communicate and disseminate the Nabtesco Way and Long-Term Vision throughout the Company. Based on the results of periodic employee engagement surveys and other surveys, we identify organizational and individual issues and plan, draft, and execute measures to improve employee engagement. In addition, we conduct company-wide “one-on-one” meetings as a communication measure to build trust between supervisors and subordinates and to promote personal growth. By combining these top-down and bottom-up measures, we are able to grow individuals and the organization as a whole.
Revising and Increasing Our Employees’ Awareness of The Nabtesco Way
The Group proactively works to realize our corporate philosophy “Providing safety, comfort and a sense of security in daily lives as well as any form of transportation with our unique motion control technology.” In 2012, the Group formulated “The Nabtesco Way” and has been putting it into practice while conducting activities to spread it throughout the Group. In 2023, we revised “The Nabtesco Way” with the intention of ensuring that diverse human resources around the world understand, empathize with, and act even more enthusiastically in light of recent changes in the environment.
In making our revision, we conducted a survey on Group employees’ level of agreement with The Nabtesco Way and managed to analyze the responses of more than 5,000 Group employees both in and outside Japan. Moreover, we revised The Nabtesco Way based on the changes in the external and internal environment so that the company could continue to grow in an era of significant global changes in society. As a result, The New Nabtesco Way organizes the principles to be passed on to the next generation in terms of Our Promises and Action Guidelines while respecting the same Corporate Philosophy, incorporates a new perspective for us as a company that takes on new challenges and organizes our six points of “The Principles We Value.”
The Nabtesco Way serves as a basis of corporate activities and as a foundation for creating a sense of unity, reinforcing our cohesive working culture, and building a strong organization in such a manner that each employee has shared values with each other. The Nabtesco Group carries out activities to ensure such principles into the entire organization through information transmission from the top executive, explanation using videos, distribution of The Nabtesco Way Book, and holding of workshops so that each of their employees can deepen their understanding of the principles.
Engagement Measurement
We conduct organizational diagnostics regularly to make our organization an attractive company and a good place to work. Based on the results of these diagnostics, we identify issues centering on communication in each workplace and link them to various measures to strengthen organizational capabilities.
（Unit：%）
| FY2017 | FY2020 | FY2022 | FY2023 | FY2024 (Target) | |
|---|---|---|---|---|---|
| Engagement Score | 69.3% | 69.9% | 69.2% | 69.2% | 78.6% |
| (Male) | 69.5% | 70.5% | 69.3% | 69.3% | - |
| (Female) | 69.2% | 69.4% | 69.1% | 68.6% | - |
| Coverage of employee respondents | 100% | 100% | 100% | 100% | - |
| Response rate | 97% | 99% | 97% | 98% | - |
- * The calculation scope covers only Nabtesco Corporation.
- * We conducted organizational diagnostics every 2 to 3 years until FY 2021, but from FY 2022, we have switched to conducting it annually.
- * The results for FY2022 have been partially corrected.
- * We evaluate the indicators “Relationships between senior and junior workers” and the “State of the organization” according to seven grades (1: Completely disagree; 2: Disagree; 3: Somewhat disagree; 4: Neither agree nor disagree; 5: Somewhat agree; 6: Agree; 7: Completely agree) and rate the results (4 or more is defined as satisfied).
In addition to the organizational diagnostics described above, we conduct monthly engagement surveys to measure employees' willingness to contribute to the organization and their independence in their work, and monitor the status and trends for each organization. The results of the organizational diagnostics and engagement survey are summarized in the results of each organizational unit and reported to top management as needed. Based on these results, issues are identified from both organizational and individual perspectives, and measures to strengthen organizational capabilities and improve employee engagement are implemented on a company-wide and organizational basis, respectively. 。
Employee Incentives
We offer a variety of award programs that involve all employees, such as the Nabtesco Award, Corporate Citizenship Award, and Intellectual Property Reward, to employees who have made remarkable contributions to society, the reduction of environmental impacts (especially to the mitigation of climate change) and to the company. These awards aim to foster a corporate culture that embraces innovation and creativity in its operations and raises employees’ willingness to take on new challenges. Awards are granted in cash, with the amounts being decided according to the level of contribution made by each awardee.
In FY2023, awards totaling approximately 28.5 million yen were presented to 1,071 recipients.
